XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.016%

Price spread now: Orderly against HTX+0.072%7-day average −0.019% · you sell dearer than you buy

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

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.398%−$40 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.072%, 7d avg −0.019%

Together, before fees−0.369%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.092% dearer against HTX than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.019%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 7 days (−0.398% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPL-USDT	0.09703	0.0100	pay 0.0050% / 4h	2h 08m	$138K	$246K	20x
Short	Orderly PERP_XPL_USDC	0.09710	0.0083	get 0.0041% / 4h	2h 08m	$27K	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpFee OrderlybpOrdersPrice spread, now +0.072%Rate

Funding earned: −$3.67
Price spread: +0.072% → −0.019%: $9.15
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 14 min ago; Orderly: no order-book sample. 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 HTX live order book, 14 min ago	15.83 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
GMX XPL/USD [WBTC.b-USDC]	L −0.0087% / S +0.0490%	1h	0.09714	+0.113%	$112K	—	100x	as long as short
Lighter XPL	−0.0080%	1h	0.09700	−0.031%	$4.4M	$4.3M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0068%	1h	0.09712	+0.093%	$177K	$283K	10x	as long as short
01 Exchange XPLUSD	−0.0064%	1h	0.09706	+0.031%	$564	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0059%	1h	0.09716	+0.134%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09711	+0.086%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.977%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09714	+0.118%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDCshort	+0.0083%	4h	0.09710	+0.072%	$27K	$333K	10x
Paradex XPL-USD-PERP	+0.0089%	8h	0.09703	+0.002%	$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	0.09705	+0.015%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09724	+0.220%	$62.4M	$47.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09716	+0.139%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09711	+0.087%	$220K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09711	+0.087%	$43.7M	$105.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09711	+0.082%	$47.3M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09710	+0.072%	$9.0M	$53.2M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09714	+0.113%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09711	+0.082%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09715	+0.124%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09715	+0.124%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09711	+0.082%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	−0.069%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09724	+0.214%	$263K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.175%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09720	+0.170%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.134%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	+0.072%	$206	$10K	10x	as long as short
HTX XPL-USDTlong	+0.0100%	4h	0.09703	long leg	$138K	$246K	20x
Bulk XPL-USD	+0.0100%	1h	0.09695	−0.082%	$140K	$11K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09708	+0.053%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09715	+0.124%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09705	+0.021%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09742	+0.402%	$197K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09783	+0.824%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3501%	1h	0.09767	+0.661%	$515K	$944K	10x	as long as short