XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0715%/8h= −78.3% APRnext payment −$0.89 per $10,000 · paid last 24h −0.162%

Price spread now: GMX against Nado+0.037%7-day average +0.027% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.238%−$24 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.037%, 7d avg +0.027%

Together, before fees−0.214%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.238% in total (about -25.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 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	Nado XPL-PERP	0.09644	0.0100	pay 0.0012% / 1h	13m 27s	$1.3M	$2.2M	10x
Short	GMX XPL/USD [WBTC.b-USDC]	0.09648	L −0.0313% / S +0.0615%	pay 0.0077% / 1h	13m 27s	$106K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Nado. 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 NadobpFee GMXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$150.2
Price spread: +0.037% → +0.027%: $0.99
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$168.21
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

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 Nado live order book, 5 min ago	0.52 bp	7.4 bp −$7	17.9 bp −$179	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 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	−0.1128%	1h	0.09631	−0.140%	$4.4M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0320%	1h	0.09648	+0.036%	$561	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]short	L −0.0313% / S +0.0615%	1h	0.09648	+0.037%	$106K	—	100x
Orderly PERP_XPL_USDC	−0.0006%	4h	0.09642	−0.026%	$30K	$266K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09655	+0.110%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.500%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09656	+0.119%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09655	+0.112%	$73K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0064%	8h	0.09644	−0.004%	$13K	$696	5x	as long as short
Nado XPL-PERPlong	+0.0100%	1h	0.09644	long leg	$1.3M	$2.2M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09662	+0.186%	$61.1M	$46.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09654	+0.100%	$255K	$419K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09650	+0.055%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09644	−0.002%	$43.9M	$97.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09641	−0.036%	$46.0M	$53.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09638	−0.067%	$7.9M	$48.0M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09630	−0.150%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09645	+0.005%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09647	+0.026%	$12.6M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09646	+0.016%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09650	+0.057%	$8.9M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09643	−0.016%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09649	+0.047%	$181K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09658	+0.138%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09655	+0.114%	$263K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09670	+0.264%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09654	+0.094%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09630	−0.150%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	+0.057%	$199	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09652	+0.078%	$133K	$213K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09642	−0.023%	$604K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09651	+0.071%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09667	+0.233%	$196K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09656	+0.119%	$1.7M	$938K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+0.762%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2826%	1h	0.09687	+0.440%	$549K	$931K	10x	as long as short