XPL

Alert

Funding spread now, next payment 19:00 UTC−0.2665%/8h

next payment, per $10,000−$3.33paid, last 24h−0.110%paid, last 7 days+0.127%to open and close $10k−$89

Long on Kraken Futures Short on Polymarket Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.127% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.33 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	0.09960	0.2765	pay 0.0346% / 1h	10m 06s	$292K	$692K	10x
Short	Polymarket Perps XPL-USD	0.09936	0.0100	get 0.0013% / 1h	10m 06s	$133K	$2.7M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Polymarket PerpsbpOrdersRate

Funding earned: −$559.63
Slippage, 4 orders: −$70.78
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$648.41
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 24 min ago; Polymarket Perps: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.235%
Avg gap 7d: +0.028%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 24 min ago	21.97 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.81 bp	6.8 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit

XPL on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter XPL	−0.0736%	1h	$4.5M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0260%	1h	$183K	$281K	10x	as long as short
01 Exchange XPLUSD	−0.0080%	1h	$577	$583	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0039% / S +0.0454%	1h	$134K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	$49K	$17K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$74K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0049%	4h	$28K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0099%	8h	$13K	$2K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	$1.4M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	$272K	$471K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$225K	$14K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$45.3M	$100.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	$47.7M	$49.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	$9.3M	$52.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	$142K	$54K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$13.6M	$7.3M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$8.7M	$10.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.7M	$1.8M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$26K	$83K	50x	as long as short
Polymarket Perps XPL-USDshort	+0.0100%	1h	$133K	$2.7M	10x
SunX XPL-USDT	+0.0100%	4h	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$207	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$142K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	$630K	$852K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$39K	$5K	3x	as long as short
Hyperliquid XPL	+0.0232%	1h	$65.4M	$43.8M	10x	as long as short
Phoenix XPL	+0.0324%	1h	$203K	$621K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0848%	1h	$77K	$117K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.2765%	1h	$292K	$692K	10x