XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.2802%/8h= −306.8% APRnext payment −$3.50 per $10,000 · paid last 24h −0.591%

Price spread now: Pacifica against Kraken Futures−0.276%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$960.957% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.351%−$35 on $10k

Price spread, last 4 days (all we have)+0.423%+$42 · spread now −0.276%, 7d avg −0.066%

Together, before fees+0.072%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$84 a day on $10k at the current rate, and Pacifica is 0.210% cheaper against Kraken Futures than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.066%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.351% in total (about -18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.50 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	0.09580	0.2902	pay 0.0363% / 1h	29m 36s	$544K	$991K	10x
Short	Pacifica XPL	0.09554	0.0100	get 0.0013% / 1h	29m 36s	$218K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.276%Rate

Funding earned: −$588.4
Price spread: −0.276% → −0.066%: −$21
Slippage, 4 orders: −$77.73
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$705.14
Costs to cover: 0.957%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 14 min ago; Pacifica: live order book, 18 min ago.

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, 14 min ago	11.46 bp	22.4 bp −$22	241.4 bp −$2,414	doesn't fit	doesn't fit
Sell Pacifica live order book, 18 min ago	10.43 bp	25.7 bp −$26	doesn't fit	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
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09558	−0.231%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0232%	1h	0.09554	−0.273%	$555	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0064%	1h	0.09554	−0.273%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09557	−0.238%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.973%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09556	−0.255%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0014%	4h	0.09549	−0.325%	$29K	$320K	10x	as long as short
Lighter XPL	+0.0024%	1h	0.09539	−0.430%	$4.3M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0067%	8h	0.09550	−0.314%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09558	−0.226%	$1.2M	$2.4M	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	0.09563	−0.175%	$60.5M	$46.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09568	−0.129%	$252K	$429K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09554	−0.276%	$218K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09559	−0.221%	$43.3M	$100.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09557	−0.242%	$45.3M	$54.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09560	−0.210%	$8.1M	$48.2M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09554	−0.273%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09549	−0.325%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09541	−0.409%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09562	−0.190%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09552	−0.294%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09557	−0.242%	$173K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09525	−0.576%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09546	−0.353%	$262K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09540	−0.419%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09559	−0.221%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09530	−0.524%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09550	−0.315%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09556	−0.252%	$139K	$188K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.419%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09550	−0.316%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09555	−0.263%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09544	−0.378%	$193K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09533	−0.492%	$1.7M	$941K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09581	+0.009%	$67K	$89K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.2902%	1h	0.09580	long leg	$544K	$991K	10x