XPL

Alert

Funding spread now, next payment 14:00 UTC−0.0660%/8h

next payment, per $10,000−$0.83paid, last 24h−0.126%paid, last 5 days−0.243%to open and close $10k−$119

Long on Coinbase International Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.243% in total (about -19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XPL-PERP-INTX	0.1036	0.0880	pay 0.0110% / 1h	5m 37s	$109K	$121K	50x
Short	Hyperliquid XPL	0.1032	0.0220	get 0.0027% / 1h	5m 37s	$69.1M	$35.0M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersRate

Funding earned: −$138.63
Slippage, 4 orders: −$99.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$257.57
Break-even: never at this rate

Slippage from Coinbase International: live order book, 49 min ago; Hyperliquid: live order book, 9 min ago.

Price risk

price view

Price gap now: −0.453%
Avg gap 7d: −0.536%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 49 min ago	27.27 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.46 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn't fit

XPL on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter XPL	−0.1008%	1h	$4.7M	$4.1M	10x	as long as short
01 Exchange XPLUSD	−0.0304%	1h	$598	$3K	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0041%	1h	$47K	$10K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0037% / S +0.0450%	1h	$137K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	$9K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$74K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0033%	4h	$29K	$331K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0050%	1h	$188K	$281K	10x	as long as short
Paradex XPL-USD-PERP	+0.0089%	8h	$12K	$946	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	$1.5M	$2.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	$278K	$440K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$232K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$48.3M	$90.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	$50.8M	$45.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	$10.1M	$53.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	$144K	$35K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.2M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.5M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.9M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$9.2M	$10.5M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$2.0M	$1.5M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$30K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$142K	$3.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$213	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$152K	$254K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	$674K	$809K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$40K	$5K	3x	as long as short
Hyperliquid XPLshort	+0.0220%	1h	$69.1M	$35.0M	10x
BloFin XPL-USDT	+0.0340%	4h	$2.0M	$1.1M	75x	as long as short
Phoenix XPL	+0.0391%	1h	$211K	$528K	10x	as long as short
Kraken Futures PF_XPLUSD	+0.0509%	1h	$143K	$418K	10x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0880%	1h	$109K	$121K	50x