XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0912%/8h= −99.9% APRnext payment −$1.14 per $10,000 · paid last 24h −0.089%

Price spread now: Lighter against dYdX−0.245%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Lighter is 0.245% cheaper against dYdX than usual: you would sell low and buy high (−$25 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	dYdX XPL-USD	0.09617	0	get 0.0000% / 1h	46m 11s	$9K	$600	5x
Short	Lighter XPL	0.09593	−0.0912	pay 0.0114% / 1h	46m 11s	$4.3M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now −0.245%Rate

Funding earned: −$191.52
Price spread: −0.245% → 0.000%: −$24.52
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$226.04
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 7 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	3.65 bp	5.2 bp −$5	49.6 bp −$496	doesn't fit	doesn't fit

dYdX: 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 XPLshort	−0.0912%	1h	0.09593	−0.245%	$4.3M	$3.1M	10x
01 Exchange XPLUSD	−0.0408%	1h	0.09598	−0.193%	$558	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09611	−0.054%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0270%	1h	0.09609	−0.079%	$46K	$18K	25x	as long as short
dYdX XPL-USDlong	0.0000%	1h	0.09617	long leg	$9K	$600	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.273%	—	—	—	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09604	−0.131%	$30K	$280K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09613	−0.039%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0051%	8h	0.09611	−0.061%	$12K	$696	5x	as long as short
Backpack XPL_USDC_PERP	+0.0058%	1h	0.09609	−0.079%	$177K	$189K	10x	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	0.09605	−0.120%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09619	+0.025%	$60.8M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09610	−0.068%	$254K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09620	+0.036%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09601	−0.162%	$43.5M	$97.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09604	−0.131%	$45.5M	$52.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09603	−0.141%	$8.0M	$47.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09620	+0.036%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09604	−0.131%	$3.0M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09604	−0.131%	$12.5M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09602	−0.152%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09613	−0.037%	$8.9M	$9.5M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09605	−0.120%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09621	+0.045%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09627	+0.107%	$263K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+0.140%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09615	−0.012%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09590	−0.276%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09600	−0.172%	$195	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09621	+0.046%	$133K	$215K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09603	−0.138%	$606K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09602	−0.153%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09628	+0.119%	$195K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09614	−0.027%	$1.7M	$938K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+1.055%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2839%	1h	0.09644	+0.287%	$548K	$935K	10x	as long as short