XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0730%/8h= −79.9% APRnext payment −$0.91 per $10,000 · paid last 24h −0.276%

Price spread now: Deribit against Coinbase International−1.252%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Deribit is 1.252% cheaper against Coinbase International than usual: you would sell low and buy high (−$125 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XPL-PERP-INTX	0.09825	0.0568	pay 0.0071% / 1h	23m 17s	$72K	$97K	50x
Short	Deribit XPL_USDC-PERPETUAL	0.09702	−0.0162	pay 0.0020% / 1h	23m 17s	$47K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −1.252%Rate

Funding earned: −$153.33
Price spread: −1.252% → 0.000%: −$125.19
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$295.52
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 54 min ago; Deribit: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 54 min ago	17.51 bp	22.5 bp −$23	130.6 bp −$1,306	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.0520%	1h	0.09697	−1.303%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0392%	1h	0.09680	−1.476%	$563	$708	5x	as long as short
Deribit XPL_USDC-PERPETUALshort	−0.0162%	1h	0.09702	−1.252%	$47K	$18K	25x
GMX XPL/USD [WBTC.b-USDC]	L −0.0138% / S +0.0524%	1h	0.09702	−1.255%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09691	−1.368%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.948%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09700	−1.271%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0018%	8h	0.09687	−1.406%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0050%	4h	0.09698	−1.293%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0066%	4h	0.09689	−1.384%	$3.0M	$4.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09691	−1.361%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09702	−1.248%	$62.6M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09701	−1.263%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09690	−1.374%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09708	−1.191%	$44.1M	$108.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09708	−1.191%	$47.2M	$55.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09704	−1.232%	$8.7M	$54.3M	50x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09691	−1.364%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09689	−1.384%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09710	−1.170%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09697	−1.303%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09688	−1.394%	$179K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09715	−1.116%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09720	−1.069%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	−1.170%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09702	−1.248%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09670	−1.578%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09700	−1.272%	$200	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09701	−1.262%	$138K	$233K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	−1.274%	$141K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09699	−1.286%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09705	−1.226%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09734	−0.926%	$197K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09709	−1.181%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0568%	1h	0.09825	long leg	$72K	$97K	50x
Kraken Futures PF_XPLUSD	+0.5116%	1h	0.09758	−0.682%	$563K	$1.0M	10x	as long as short