XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1928%/8h= −211.1% APRnext payment −$2.41 per $10,000 · paid last 24h −0.459%

Price spread now: Coinbase International against Kraken Futures−0.223%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.363%−$36 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$58 a day on $10k at the current rate, and Coinbase International is 0.223% cheaper against Kraken Futures than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.363% in total (about -18.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XPLUSD	0.09588	0.2736	pay 0.0342% / 1h	35m 29s	$544K	$930K	10x
Short	Coinbase International XPL-PERP-INTX	0.09567	0.0808	get 0.0101% / 1h	35m 29s	$64K	$91K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now −0.223%Rate

Funding earned: −$404.86
Price spread: −0.223% → 0.000%: −$22.31
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$447.17
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 63 min ago; Coinbase International: 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 Kraken Futures live order book, 63 min ago	18.68 bp	25.0 bp −$25	247.1 bp −$2,471	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Lighter XPL	−0.1416%	1h	0.09527	−0.640%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0504%	1h	0.09526	−0.651%	$554	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09554	−0.357%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0169%	1h	0.09550	−0.400%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0019%	4h	0.09545	−0.453%	$30K	$246K	10x	as long as short
Paradex XPL-USD-PERP	−0.0006%	8h	0.09541	−0.497%	$12K	$696	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09546	−0.442%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.044%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09553	−0.365%	$72K	—	150x	as long as short
Bybit XPLUSDT	+0.0030%	4h	0.09532	−0.588%	$45.4M	$53.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0094%	4h	0.09534	−0.567%	$7.7M	$47.6M	50x	as long as short
Extended XPL-USD	+0.0096%	1h	0.09536	−0.551%	$598K	$1.1M	25x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09534	−0.567%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09546	−0.438%	$60.3M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09545	−0.453%	$252K	$419K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09551	−0.394%	$218K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09537	−0.536%	$43.1M	$97.8M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09550	−0.400%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09537	−0.536%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09542	−0.484%	$12.4M	$6.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09549	−0.411%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09548	−0.421%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09534	−0.567%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09548	−0.421%	$179K	$188K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09535	−0.561%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09570	−0.192%	$254K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09550	−0.400%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09546	−0.438%	$125K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09530	−0.609%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09540	−0.505%	$196	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09537	−0.536%	$132K	$212K	20x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09540	−0.505%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09564	−0.254%	$194K	$495K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09543	−0.473%	$1.7M	$923K	75x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0808%	1h	0.09567	−0.223%	$64K	$91K	50x
Kraken Futures PF_XPLUSDlong	+0.2736%	1h	0.09588	long leg	$544K	$930K	10x