data as of
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XPL

all XPL markets
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Funding spread now, next payment 15:00 UTC+0.0133%/8h
paid, last 24h−0.011%paid, last 3 days−0.066%to open and closeno order book
Long on GMXShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XPL/USD [WBTC.b-USDC]0.1009L −0.0033% / S +0.0447%get 0.0004% / 1h48m 38s$134K—100x
ShortBybit XPLUSDT0.10130.0100get 0.0050% / 4h1h 48m$49.5M$43.8M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$27.99
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$4.99
Break-even
5.8 days
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.401%
Avg gap 7d
−0.053%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Bybit live order book, 2 min ago0.50 bp22.2 bp −$2258.7 bp −$587217.7 bp −$21.8Kdoesn't fit
GMX: 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 34 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter XPL−0.1112%1h$4.6M$3.8M10xas long as short
Backpack XPL_USDC_PERP−0.0725%1h$184K$274K10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0245%1h$46K$10K25xas long as short
GMX XPL/USD [WBTC.b-USDC]longL −0.0033% / S +0.0447%1h$134K—100x
dYdX XPL-USD0.0000%1h$8K—5xas long as short
Reya XPLRUSDPERP0.0000%1h———as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h$73K—150xas long as short
Orderly PERP_XPL_USDC+0.0046%4h$28K$331K10xas long as short
Paradex XPL-USD-PERP+0.0094%8h$12K$9465xas long as short
Nado XPL-PERP+0.0100%1h$1.4M$2.2M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h$67.3M$33.6M10xas long as short
Aster XPLUSDT+0.0100%4h$308K$400K20xas long as short
Pacifica XPL+0.0100%1h$228K$18K10xas long as short
Binance XPLUSDT+0.0100%4h$47.6M$87.0M75xas long as short
Bybit XPLUSDTshort+0.0100%4h$49.5M$43.8M75x
OKX XPL-USDT-SWAP+0.0100%4h$9.9M$50.8M50xas long as short
Bulk XPL-USD+0.0100%1h$143K$35K10xas long as short
Gate XPL_USDT+0.0100%4h$3.2M$3.7M75xas long as short
MEXC XPL_USDT+0.0100%4h$14.2M$6.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h$2.7M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h$9.1M$10.0M75xas long as short
BingX XPL-USDT+0.0100%4h—$7.9M—as long as short
Variational Omni XPL+0.0100%4h$1.8M$1.4M—as long as short
ApeX Omni XPLUSDT+0.0100%1h$31K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h$137K$3.6M10xas long as short
SunX XPL-USDT+0.0100%4h$3K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h$303$9K10xas long as short
HTX XPL-USDT+0.0100%4h$149K$251K20xas long as short
Extended XPL-USD+0.0104%1h$646K$752K25xas long as short
Aevo XPL-PERP+0.0104%1h$39K$5K3xas long as short
BloFin XPL-USDT+0.0340%4h$2.0M$1.1M75xas long as short
Phoenix XPL+0.0391%1h$219K$528K10xas long as short
Kraken Futures PF_XPLUSD+0.0520%1h$138K$383K10xas long as short
Coinbase International XPL-PERP-INTX+0.0880%1h$107K$121K50xas long as short