XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1285%/8h= −140.7% APRnext payment −$1.61 per $10,000 · paid last 24h −0.303%

Price spread now: GMX against Coinbase International−0.100%7-day average −0.710% · you buy dearer than you sell

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.589%−$59 on $10k

Price spread, last 3 days (all we have)−0.507%−$51 · spread now −0.100%, 7d avg −0.710%

Together, before fees−1.096%−$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.610% dearer against Coinbase International than usual: you sell high and buy low (spread −0.100% now, against its 7-day average of −0.710%): +$61 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 3 days (−0.589% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XPL-PERP-INTX	0.09731	0.0792	pay 0.0099% / 1h	58m 36s	$73K	$102K	50x
Short	GMX XPL/USD [WBTC.b-USDC]	0.09721	L −0.0092% / S +0.0493%	pay 0.0062% / 1h	58m 36s	$112K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$269.92
Price spread: −0.100% → −0.710%: $61
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$230.92
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 24 min ago; GMX: 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, 24 min ago	38.25 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0352%	1h	0.09713	−0.185%	$4.4M	$4.1M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0184%	1h	0.09729	−0.021%	$177K	$283K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0161%	1h	0.09727	−0.041%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0104%	1h	0.09719	−0.123%	$565	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]short	L −0.0092% / S +0.0493%	1h	0.09721	−0.100%	$112K	—	100x
dYdX XPL-USD	0.0000%	1h	0.09726	−0.051%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.200%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09723	−0.084%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09717	−0.144%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0090%	8h	0.09720	−0.117%	$13K	$2K	5x	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	0.09720	−0.108%	$1.4M	$2.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09726	−0.054%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09727	−0.043%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09719	−0.128%	$43.7M	$105.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09717	−0.144%	$47.3M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09718	−0.134%	$9.0M	$53.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	−0.316%	$140K	$10K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09726	−0.051%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09719	−0.123%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09720	−0.113%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09728	−0.031%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09721	−0.103%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09700	−0.317%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09709	−0.222%	$263K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	−0.216%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09733	+0.016%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.319%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09720	−0.113%	$199	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09698	−0.339%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09720	−0.108%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09723	−0.086%	$38K	$5K	3x	as long as short
Hyperliquid XPL	+0.0217%	1h	0.09737	+0.061%	$62.6M	$47.4M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09727	−0.041%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09717	−0.144%	$197K	$642K	10x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0792%	1h	0.09731	long leg	$73K	$102K	50x
Kraken Futures PF_XPLUSD	+0.4585%	1h	0.09790	+0.609%	$516K	$948K	10x	as long as short