XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0676%/8h= +74.0% APRnext payment +$0.85 per $10,000 · paid last 24h +0.147%

Price spread now: Pacifica against Lighter+0.068%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.533%+$53 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.068%, 7d avg +0.090%

Together, before fees+0.559%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.022% cheaper against Lighter than usual: you would sell low and buy high (spread +0.068% now, against its 7-day average of +0.090%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.533% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPL	0.09716	−0.0576	get 0.0072% / 1h	27m 00s	$4.4M	$4.2M	10x
Short	Pacifica XPL	0.09723	0.0100	get 0.0013% / 1h	27m 00s	$221K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. 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 LighterbpFee PacificabpOrdersPrice spread, now +0.068%Rate

Funding earned: $141.96
Price spread: +0.068% → +0.090%: −$2.17
Slippage, 4 orders: −$53.74
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $78.05
Costs to cover: 0.617%
Break-even: 3.2 days

Slippage from Lighter: live order book, 6 min ago; Pacifica: live order book, 51 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 Lighter live order book, 6 min ago	2.58 bp	3.5 bp −$3	21.6 bp −$216	doesn't fit	doesn't fit
Sell Pacifica live order book, 51 min ago	10.29 bp	25.4 bp −$25	doesn't fit	doesn't fit	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 XPLlong	−0.0576%	1h	0.09716	long leg	$4.4M	$4.2M	10x
01 Exchange XPLUSD	−0.0408%	1h	0.09719	+0.031%	$565	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0136% / S +0.0523%	1h	0.09728	+0.122%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09720	+0.042%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.083%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09727	+0.113%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09727	+0.116%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0022%	8h	0.09726	+0.108%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0051%	4h	0.09723	+0.072%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0074%	4h	0.09721	+0.051%	$3.0M	$4.0M	75x	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	0.09721	+0.057%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09738	+0.221%	$62.8M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09730	+0.142%	$252K	$527K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09723	+0.068%	$221K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09724	+0.084%	$44.2M	$108.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09724	+0.082%	$47.3M	$55.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09722	+0.062%	$8.8M	$54.4M	50x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09725	+0.093%	$12.7M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09723	+0.072%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09733	+0.175%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09723	+0.072%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09727	+0.113%	$179K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	−0.202%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09699	−0.177%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09730	+0.144%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09735	+0.191%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.165%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09720	+0.041%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09716	0.000%	$138K	$233K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	−0.167%	$141K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09723	+0.069%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09725	+0.093%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09714	−0.021%	$197K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09726	+0.103%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+1.122%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5106%	1h	0.09778	+0.634%	$564K	$1.0M	10x	as long as short