XPL

Alert

Funding spread now, next payment 14:00 UTC+0.0240%/8h

next payment, per $10,000+$0.30paid, last 24h+0.029%paid, last 5 days+0.043%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.043% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 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	Lighter XPL	0.1025	−0.0240	get 0.0030% / 1h	32m 24s	$4.6M	$3.5M	10x
Short	Deribit XPL_USDC-PERPETUAL	0.1027	0	get 0.0000% / 1h	32m 24s	$45K	$8K	25x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee DeribitbpOrdersRate

Funding earned: $50.4
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $43.4
Break-even: 1.0 days

Slippage unknown: Lighter: live order book, 7 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.166%
Avg gap 7d: —

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 Lighter live order book, 7 min ago	0.49 bp	7.2 bp −$7	26.6 bp −$266	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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack XPL_USDC_PERP	−0.0360%	1h	$187K	$277K	10x	as long as short
Lighter XPLlong	−0.0240%	1h	$4.6M	$3.5M	10x
01 Exchange XPLUSD	−0.0048%	1h	$597	$3K	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0030% / S +0.0444%	1h	$137K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	$9K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
Deribit XPL_USDC-PERPETUALshort	0.0000%	1h	$45K	$8K	25x
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$55K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0063%	4h	$28K	$331K	10x	as long as short
Paradex XPL-USD-PERP	+0.0094%	8h	$12K	$946	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	$1.5M	$2.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	$313K	$391K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$231K	$18K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$48.5M	$85.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	$49.6M	$42.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	$10.1M	$50.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	$144K	$35K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.3M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.3M	$6.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.8M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$9.2M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.9M	$1.4M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$32K	$84K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$141K	$3.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$193	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$153K	$250K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	$680K	$617K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$40K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$2.0M	$1.1M	75x	as long as short
Phoenix XPL	+0.0385%	1h	$224K	$479K	10x	as long as short
Hyperliquid XPL	+0.0681%	1h	$69.9M	$31.8M	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0872%	1h	$114K	$139K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1152%	1h	$120K	$354K	10x	as long as short