XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.172%

Price spread now: Lighter against Hyperliquid−0.183%7-day average −0.135% · you buy dearer than you sell

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

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.589%−$59 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.183%, 7d avg −0.135%

Together, before fees−0.595%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.048% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.135%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XPL	0.09570	0.0100	pay 0.0013% / 1h	1m 22s	$60.5M	$46.7M	10x
Short	Lighter XPL	0.09553	0.0016	get 0.0002% / 1h	1m 22s	$4.3M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.183%Rate

Funding earned: −$17.64
Price spread: −0.183% → −0.135%: −$4.76
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.4
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; Lighter: live order book, 6 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 Hyperliquid live order book, 12 min ago	0.93 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	4.16 bp	13.1 bp −$13	32.2 bp −$322	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
01 Exchange XPLUSD	−0.0360%	1h	0.09552	−0.193%	$555	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09561	−0.099%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0168%	1h	0.09569	−0.016%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0072%	1h	0.09568	−0.026%	$174K	$190K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09572	+0.014%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.894%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09563	−0.083%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0009%	4h	0.09557	−0.141%	$29K	$332K	10x	as long as short
Lighter XPLshort	+0.0016%	1h	0.09553	−0.183%	$4.3M	$3.0M	10x
Bybit XPLUSDT	+0.0040%	4h	0.09558	−0.131%	$45.2M	$54.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0051%	8h	0.09562	−0.086%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09568	−0.029%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPLlong	+0.0100%	1h	0.09570	long leg	$60.5M	$46.7M	10x
Aster XPLUSDT	+0.0100%	4h	0.09568	−0.030%	$249K	$423K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09567	−0.031%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09556	−0.153%	$43.4M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09560	−0.110%	$8.1M	$48.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09601	+0.315%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09560	−0.110%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09561	−0.099%	$12.6M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09568	−0.026%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09569	−0.016%	$9.0M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09558	−0.131%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09625	+0.568%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09613	+0.446%	$259K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09610	+0.413%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09571	+0.005%	$127K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.214%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09570	−0.005%	$195	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09611	+0.423%	$141K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09564	−0.063%	$650K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09551	−0.201%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09584	+0.141%	$194K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09605	+0.360%	$1.7M	$950K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09708	+1.437%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3138%	1h	0.09597	+0.274%	$546K	$988K	10x	as long as short