XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.2795%/8h= −306.0% APRnext payment −$3.49 per $10,000 · paid last 24h −0.591%

Price spread now: SoDEX against Kraken Futures−0.249%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$84 a day on $10k at the current rate, and SoDEX is 0.249% cheaper against Kraken Futures than usual: you would sell low and buy high (−$25 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	0.09604	0.2895	pay 0.0362% / 1h	24m 18s	$546K	$989K	10x
Short	SoDEX XPL-USD	0.09580	0.0100	get 0.0013% / 1h	24m 18s	$201	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.249%Rate

Funding earned: −$586.9
Price spread: −0.249% → 0.000%: −$24.87
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$629.77
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 19 min ago; SoDEX: 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, 19 min ago	11.46 bp	22.4 bp −$22	241.4 bp −$2,414	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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-PERPETUAL	−0.0272%	1h	0.09577	−0.280%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0264%	1h	0.09570	−0.353%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09580	−0.252%	$106K	—	100x	as long as short
Lighter XPL	0.0000%	1h	0.09557	−0.488%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09568	−0.375%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.168%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09580	−0.247%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0010%	4h	0.09574	−0.311%	$29K	$309K	10x	as long as short
Paradex XPL-USD-PERP	+0.0062%	8h	0.09569	−0.361%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09578	−0.270%	$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	0.09588	−0.163%	$60.6M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09582	−0.231%	$252K	$428K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09574	−0.311%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09575	−0.301%	$43.4M	$100.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09575	−0.301%	$45.4M	$53.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09575	−0.301%	$8.1M	$48.2M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09575	−0.301%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09575	−0.301%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09567	−0.384%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09587	−0.176%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09574	−0.311%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09571	−0.342%	$174K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09545	−0.614%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09548	−0.577%	$252K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09540	−0.665%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09585	−0.201%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09560	−0.457%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USDshort	+0.0100%	1h	0.09580	−0.249%	$201	$12K	10x
HTX XPL-USDT	+0.0100%	4h	0.09592	−0.124%	$138K	$191K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.665%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09573	−0.318%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09583	−0.214%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09562	−0.436%	$194K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09570	−0.353%	$1.7M	$944K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09605	+0.012%	$67K	$89K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.2895%	1h	0.09604	long leg	$546K	$989K	10x