XPL

Alert

Funding spread now, next payment 16:00 UTC−0.0740%/8h

next payment, per $10,000−$0.93paid, last 24h−0.175%paid, last 5 days−0.329%to open and close $10k−$182

Long on Coinbase International Short on Pacifica

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.329% in total (about -25.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.93 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	0.1006	0.0840	pay 0.0105% / 1h	24m 48s	$78K	$134K	50x
Short	Pacifica XPL	0.1002	0.0100	get 0.0013% / 1h	24m 48s	$227K	$15K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee PacificabpOrdersRate

Funding earned: −$155.4
Slippage, 4 orders: −$164.42
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$337.82
Break-even: never at this rate

Slippage from Coinbase International: live order book, 19 min ago; Pacifica: live order book, 20 min ago.

Price risk

price view

Price gap now: −0.360%
Avg gap 7d: −0.669%

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, 19 min ago	37.47 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 20 min ago	9.99 bp	48.0 bp −$48	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	−0.0840%	1h	$4.5M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0146%	1h	$184K	$288K	10x	as long as short
01 Exchange XPLUSD	−0.0112%	1h	$582	$582	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0040% / S +0.0454%	1h	$135K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	$50K	$17K	25x	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	+0.0022%	4h	$28K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0094%	8h	$13K	$1K	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	$2.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	$267K	$454K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	$227K	$15K	10x
Binance XPLUSDT	+0.0100%	4h	$45.6M	$99.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	$48.2M	$49.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	$9.4M	$54.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	$142K	$52K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.1M	$3.9M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.0M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.5M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$8.7M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.7M	$1.8M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$30K	$92K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$135K	$3.5M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$214	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$145K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	$647K	$829K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$39K	$5K	3x	as long as short
Hyperliquid XPL	+0.0197%	1h	$65.6M	$40.8M	10x	as long as short
Phoenix XPL	+0.0245%	1h	$204K	$618K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0840%	1h	$78K	$134K	50x
Kraken Futures PF_XPLUSD	+0.1426%	1h	$255K	$588K	10x	as long as short