XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0406%/8h= +44.5% APRnext payment +$0.51 per $10,000 · paid last 24h +0.095%

Price spread now: Phoenix against gTrade (Gains Network)−0.019%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XPL/USD	0.09729	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	48m 33s	$72K	—	150x
Short	Phoenix XPL	0.09727	0.0412	get 0.0051% / 1h	48m 33s	$197K	$652K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now −0.019%Rate

Funding earned: $85.36
Price spread: −0.019% → 0.000%: −$1.88
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $66.48
Costs to cover: 0.170%
Break-even: 1.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 34 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 34 min ago	1.02 bp	14.7 bp −$15	48.2 bp −$482	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Backpack XPL_USDC_PERP	−0.0305%	1h	0.09727	−0.019%	$177K	$281K	10x	as long as short
01 Exchange XPLUSD	−0.0192%	1h	0.09711	−0.183%	$565	$708	5x	as long as short
Lighter XPL	−0.0176%	1h	0.09706	−0.235%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0096% / S +0.0497%	1h	0.09727	−0.015%	$112K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0058%	1h	0.09723	−0.060%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09725	−0.039%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.184%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDlong	L +0.0005% / S −0.0004%	1h	0.09729	long leg	$72K	—	150x
Orderly PERP_XPL_USDC	+0.0079%	4h	0.09725	−0.039%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0091%	8h	0.09710	−0.196%	$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
Hyperliquid XPL	+0.0100%	1h	0.09732	+0.033%	$62.7M	$47.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09723	−0.061%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09723	−0.056%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09715	−0.142%	$43.6M	$105.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09718	−0.111%	$47.4M	$53.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09710	−0.194%	$8.9M	$53.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09695	−0.348%	$140K	$8K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09716	−0.132%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09715	−0.142%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09709	−0.204%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09719	−0.101%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09712	−0.173%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	−0.341%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09706	−0.231%	$255K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	−0.194%	$25K	$87K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09708	−0.214%	$1.4M	$2.7M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09733	+0.041%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.296%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09720	−0.091%	$203	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09708	−0.214%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09707	−0.224%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09729	+0.002%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09717	−0.122%	$1.7M	$1.2M	75x	as long as short
Phoenix XPLshort	+0.0412%	1h	0.09727	−0.019%	$197K	$652K	10x
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09794	+0.670%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4594%	1h	0.09771	+0.433%	$514K	$952K	10x	as long as short