XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0268%/8h= +29.3% APRnext payment +$1.34 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Gate+0.206%78s7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$680.680% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.640%+$64 on $10k

Price spread, last 3 days (all we have)−0.288%−$29 · spread now +0.206%, 7d avg −0.024%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.230% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.024%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09706	0.0072	pay 0.0036% / 4h	25m 50s	$3.0M	$4.0M	75x
Short	BloFin XPL-USDT	0.09726	0.0340	get 0.0170% / 4h	25m 50s	$1.7M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.206%Rate

Funding earned: $56.28
Price spread: +0.206% → −0.024%: $23.01
Slippage, 4 orders: −$40.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $11.3
Costs to cover: 0.680%
Break-even: 5.6 days

Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 2 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 Gate live order book, 2 min ago	2.06 bp	25.4 bp −$25	146.0 bp −$1,460	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.03 bp	10.5 bp −$10	21.5 bp −$215	65.0 bp −$6,497	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
Lighter XPL	−0.0544%	1h	0.09693	−0.134%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0400%	1h	0.09715	+0.093%	$565	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0162%	1h	0.09711	+0.052%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0137% / S +0.0523%	1h	0.09717	+0.112%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09710	+0.041%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.002%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09718	+0.122%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0023%	8h	0.09717	+0.109%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0050%	4h	0.09707	+0.010%	$29K	$335K	10x	as long as short
Gate XPL_USDTlong	+0.0072%	4h	0.09706	long leg	$3.0M	$4.0M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09715	+0.098%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09720	+0.143%	$62.7M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09715	+0.093%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09710	+0.037%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09700	−0.062%	$44.1M	$108.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09701	−0.052%	$47.2M	$55.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09695	−0.113%	$8.7M	$54.2M	50x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09707	+0.010%	$12.7M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09708	+0.021%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09712	+0.062%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09707	+0.010%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09713	+0.072%	$179K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09715	+0.097%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09699	−0.074%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09730	+0.247%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09727	+0.216%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.165%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	+0.041%	$200	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09716	+0.103%	$138K	$233K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	−0.064%	$141K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09706	+0.003%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09711	+0.056%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09714	+0.082%	$197K	$651K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09726	+0.206%	$1.7M	$1.2M	75x
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+1.226%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5110%	1h	0.09770	+0.661%	$564K	$1.0M	10x	as long as short