XPL

Alert

Funding spread now, next payment 17:00 UTC+0.0506%/8h

next payment, per $10,000+$0.63paid, last 24h+0.047%paid, last 3 days+0.242%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPL	0.09963	−0.0960	get 0.0120% / 1h	47m 15s	$4.5M	$4.2M	10x
Short	GMX XPL/USD [WBTC.b-USDC]	0.09980	L −0.0040% / S +0.0454%	pay 0.0057% / 1h	47m 15s	$135K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersRate

Funding earned: $106.24
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $94.24
Break-even: 0.8 days

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

Price risk

price view

Price gap now: +0.169%
Avg gap 7d: +0.064%

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	4.50 bp	7.4 bp −$7	31.8 bp −$318	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Lighter XPLlong	−0.0960%	1h	$4.5M	$4.2M	10x
01 Exchange XPLUSD	−0.0224%	1h	$579	$582	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0151%	1h	$50K	$17K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0126%	1h	$185K	$288K	10x	as long as short
Bybit XPLUSDT	−0.0063%	4h	$48.2M	$49.1M	75x	as long as short
GMX XPL/USD [WBTC.b-USDC]short	L −0.0040% / S +0.0454%	1h	$135K	—	100x
dYdX XPL-USD	0.0000%	1h	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$73K	—	150x	as long as short
Gate XPL_USDT	+0.0012%	4h	$3.1M	$3.9M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_XPL_USDC	+0.0017%	4h	$28K	$331K	10x	as long as short
Paradex XPL-USD-PERP	+0.0092%	8h	$13K	$1K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	$1.4M	$2.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	$268K	$452K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$226K	$15K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$45.7M	$98.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	$9.4M	$54.1M	50x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.1M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.5M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$8.7M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.7M	$1.8M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$29K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$136K	$3.5M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$207	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$145K	$244K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	$139K	$6K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	$643K	$832K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$39K	$5K	3x	as long as short
Hyperliquid XPL	+0.0164%	1h	$65.1M	$40.0M	10x	as long as short
Phoenix XPL	+0.0245%	1h	$205K	$618K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0840%	1h	$78K	$134K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1426%	1h	$257K	$590K	10x	as long as short