XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.3229%/8h= −353.6% APRnext payment −$4.04 per $10,000 · paid last 24h −0.653%

Price spread now: Deribit against Kraken Futures−0.354%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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 −$97 a day on $10k at the current rate, and Deribit is 0.354% cheaper against Kraken Futures than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XPLUSD	0.09719	0.2860	pay 0.0358% / 1h	1m 26s	$552K	$953K	10x
Short	Deribit XPL_USDC-PERPETUAL	0.09685	−0.0369	pay 0.0046% / 1h	1m 26s	$46K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.354%Rate

Funding earned: −$678.19
Price spread: −0.354% → 0.000%: −$35.39
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$730.58
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 42 min ago; Deribit: 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, 42 min ago	11.46 bp	22.4 bp −$22	241.4 bp −$2,414	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Deribit XPL_USDC-PERPETUALshort	−0.0369%	1h	0.09685	−0.354%	$46K	$18K	25x
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09677	−0.433%	$107K	—	100x	as long as short
01 Exchange XPLUSD	−0.0256%	1h	0.09667	−0.539%	$562	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09688	−0.322%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.104%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09678	−0.426%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0006%	4h	0.09674	−0.467%	$29K	$284K	10x	as long as short
Lighter XPL	+0.0056%	1h	0.09677	−0.436%	$4.4M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09678	−0.429%	$13K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09671	−0.495%	$1.2M	$2.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09689	−0.312%	$61.3M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09682	−0.382%	$254K	$426K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09686	−0.348%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09670	−0.508%	$43.8M	$98.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09675	−0.457%	$45.9M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09673	−0.477%	$8.0M	$48.7M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09675	−0.457%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09671	−0.498%	$12.7M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09681	−0.395%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09686	−0.344%	$8.9M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09671	−0.498%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09690	−0.302%	$176K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09685	−0.356%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09681	−0.394%	$256K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	−0.405%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09681	−0.393%	$127K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09660	−0.611%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09680	−0.405%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09681	−0.395%	$138K	$187K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09676	−0.446%	$141K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09669	−0.518%	$609K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09675	−0.457%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09691	−0.292%	$196K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09681	−0.395%	$1.7M	$943K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09718	−0.014%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.2860%	1h	0.09719	long leg	$552K	$953K	10x