XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0720%/8h= +78.8% APRnext payment +$0.90 per $10,000 · paid last 24h +0.201%

Price spread now: Coinbase International against Extended+0.177%7-day average +0.762% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1201.196% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.554%+$55 · spread now +0.177%, 7d avg +0.762%

Together, before fees+0.551%+ Points / potential airdropExtended: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.585% cheaper against Extended than usual: you would sell low and buy high (spread +0.177% now, against its 7-day average of +0.762%). If the spread goes back, that is −$59 on $10k: about 2.7 days of funding at the current rate (+$22 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.90 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	Extended XPL-USD	0.09714	0.0104	pay 0.0013% / 1h	3m 07s	$657K	$1.1M	25x
Short	Coinbase International XPL-PERP-INTX	0.09731	0.0824	get 0.0103% / 1h	3m 07s	$73K	$102K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.177%Rate

Funding earned: $151.2
Price spread: +0.177% → +0.762%: −$58.53
Slippage, 4 orders: −$104.61
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.94
Costs to cover: 1.196%
Break-even: 8.2 days

Slippage from Extended: live order book, 5 min ago; Coinbase International: live order book, 20 min ago.

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 Extended live order book, 5 min ago	2.06 bp	6.3 bp −$6	22.5 bp −$225	doesn't fit	doesn't fit
Sell Coinbase International live order book, 20 min ago	38.25 bp	61.5 bp −$62	doesn't fit	doesn't fit	doesn't fit

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
Backpack XPL_USDC_PERP	−0.0104%	1h	0.09717	+0.033%	$177K	$283K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0090% / S +0.0492%	1h	0.09720	+0.061%	$112K	—	100x	as long as short
Lighter XPL	−0.0072%	1h	0.09701	−0.132%	$4.4M	$4.3M	10x	as long as short
01 Exchange XPLUSD	−0.0072%	1h	0.09722	+0.084%	$565	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09705	−0.090%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.064%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09717	+0.033%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09719	+0.052%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0082%	4h	0.09710	−0.039%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0090%	8h	0.09709	−0.052%	$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	0.09718	+0.040%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09734	+0.202%	$62.5M	$47.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09721	+0.072%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09709	−0.052%	$220K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09713	−0.008%	$43.7M	$105.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09715	+0.012%	$47.3M	$53.7M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09712	−0.019%	$9.0M	$53.3M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09713	−0.009%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09714	+0.002%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09710	−0.039%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09719	+0.053%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09711	−0.029%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09662	−0.533%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09698	−0.162%	$262K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	−0.039%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09729	+0.160%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.245%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	−0.039%	$203	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09710	−0.039%	$137K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09695	−0.194%	$140K	$11K	10x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09714	long leg	$657K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09715	+0.012%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09711	−0.029%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09705	−0.091%	$196K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0824%	1h	0.09731	+0.177%	$73K	$102K	50x
Kraken Futures PF_XPLUSD	+0.3505%	1h	0.09757	+0.449%	$514K	$948K	10x	as long as short