XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against MEXC+0.021%79s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as 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−$290.294% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.462%+$46 on $10k

Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.021%, 7d avg −0.029%

Together, before fees+0.277%+$28 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 0.050% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.029%. The two prices were read 79 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	MEXC XPL_USDT	0.09553	0.0100	pay 0.0050% / 4h	39m 48s	$12.3M	$7.7M	100x
Short	BloFin XPL-USDT	0.09555	0.0340	get 0.0170% / 4h	39m 48s	$1.7M	$981K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.021%Rate

Funding earned: $50.4
Price spread: +0.021% → −0.029%: $4.95
Slippage, 4 orders: −$17.36
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $25.99
Costs to cover: 0.294%
Break-even: 3.4 days

Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 3 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 MEXC live order book, 4 min ago	0.52 bp	3.3 bp −$3	8.6 bp −$86	79.3 bp −$7,927	227.3 bp −$113.6K
Sell BloFin live order book, 3 min ago	3.66 bp	12.5 bp −$13	21.8 bp −$218	73.0 bp −$7,301	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
01 Exchange XPLUSD	−0.0336%	1h	0.09574	+0.220%	$557	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0297% / S +0.0606%	1h	0.09575	+0.227%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0093%	4h	0.09537	−0.167%	$45.1M	$55.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09547	−0.060%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.751%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09565	+0.126%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09569	+0.166%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0007%	4h	0.09562	+0.094%	$29K	$339K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0039%	1h	0.09564	+0.115%	$178K	$225K	10x	as long as short
Paradex XPL-USD-PERP	+0.0075%	8h	0.09578	+0.265%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09543	−0.105%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09582	+0.304%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09566	+0.136%	$59.9M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09559	+0.059%	$240K	$463K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09583	+0.316%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09546	−0.069%	$43.3M	$103.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09532	−0.220%	$8.3M	$49.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09530	−0.241%	$139K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09555	+0.021%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDTlong	+0.0100%	4h	0.09553	long leg	$12.3M	$7.7M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09543	−0.105%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09557	+0.042%	$8.5M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09552	−0.010%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09545	−0.087%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09530	−0.241%	$253K	$955K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09520	−0.345%	$25K	$79K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09587	+0.352%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.031%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.073%	$191	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09579	+0.272%	$140K	$217K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09551	−0.026%	$646K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09562	+0.093%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09570	+0.178%	$194K	$617K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09555	+0.021%	$1.7M	$981K	75x
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09583	+0.314%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3327%	1h	0.09588	+0.370%	$543K	$975K	10x	as long as short