XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against KuCoin+0.188%50s7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.806% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.188%, 7d avg −0.055%

Together, before fees+0.198%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.242% dearer against KuCoin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.055%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPLUSDTM	0.09591	0.0100	pay 0.0050% / 4h	1h 42m	$2.3M	$1.3M	50x
Short	BloFin XPL-USDT	0.09609	0.0340	get 0.0170% / 4h	1h 42m	$1.7M	$938K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.188%Rate

Funding earned: $50.4
Price spread: +0.188% → −0.055%: $24.25
Slippage, 4 orders: −$56.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$5.92
Costs to cover: 0.806%
Break-even: 7.8 days

Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 5 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 KuCoin live order book, 4 min ago	8.33 bp	34.7 bp −$35	161.3 bp −$1,613	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	1.56 bp	10.8 bp −$11	22.0 bp −$220	69.7 bp −$6,969	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
Lighter XPL	−0.1032%	1h	0.09581	−0.104%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0392%	1h	0.09599	+0.083%	$558	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09604	+0.133%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0166%	1h	0.09600	+0.094%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09606	+0.159%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−21.067%	—	—	—	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09595	+0.042%	$30K	$280K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09603	+0.127%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0052%	8h	0.09594	+0.030%	$12K	$696	5x	as long as short
Backpack XPL_USDC_PERP	+0.0088%	1h	0.09607	+0.167%	$177K	$189K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09597	+0.063%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09615	+0.250%	$60.8M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09605	+0.143%	$253K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09602	+0.109%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09598	+0.073%	$43.4M	$97.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09597	+0.063%	$45.5M	$52.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09597	+0.063%	$7.9M	$47.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09595	+0.042%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09596	+0.052%	$3.0M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09595	+0.042%	$12.5M	$6.8M	100x	as long as short
KuCoin XPLUSDTMlong	+0.0100%	4h	0.09591	long leg	$2.3M	$1.3M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09605	+0.146%	$8.9M	$9.4M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09598	+0.073%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09604	+0.134%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09609	+0.187%	$263K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+0.407%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09608	+0.175%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09580	−0.115%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09600	+0.094%	$201	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09603	+0.125%	$133K	$215K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09591	+0.004%	$606K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09595	+0.046%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09628	+0.386%	$195K	$506K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09609	+0.188%	$1.7M	$938K	75x
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+1.324%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2839%	1h	0.09643	+0.541%	$548K	$935K	10x	as long as short