XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.126%

Price spread now: Lighter against Nado−0.057%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.224%−$22 on $10k

Price spread, last 7 days−0.152%−$15 · spread now −0.057%, 7d avg −0.090%

Together, before fees−0.376%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.034% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09670	0.0100	pay 0.0012% / 1h	46m 19s	$1.2M	$2.5M	10x
Short	Lighter XPL	0.09665	0.0096	get 0.0012% / 1h	46m 19s	$4.4M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$0.84
Price spread: −0.057% → −0.090%: $3.36
Slippage, 4 orders: −$38.22
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.71
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; Lighter: live order book, 6 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 Nado live order book, 3 min ago	4.12 bp	11.2 bp −$11	25.8 bp −$258	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.58 bp	13.6 bp −$14	29.0 bp −$290	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
01 Exchange XPLUSD	−0.0448%	1h	0.09658	−0.129%	$562	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0370%	1h	0.09673	+0.026%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09677	+0.066%	$107K	—	100x	as long as short
Gate XPL_USDT	−0.0118%	4h	0.09668	−0.026%	$3.0M	$3.4M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0090%	1h	0.09679	+0.088%	$179K	$198K	10x	as long as short
Bybit XPLUSDT	−0.0050%	4h	0.09664	−0.067%	$45.7M	$54.3M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09683	+0.132%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.711%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09677	+0.072%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0016%	4h	0.09668	−0.026%	$29K	$339K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0052%	8h	0.09665	−0.057%	$13K	$2K	5x	as long as short
Lighter XPLshort	+0.0096%	1h	0.09665	−0.057%	$4.4M	$3.0M	10x
Nado XPL-PERPlong	+0.0100%	1h	0.09670	long leg	$1.2M	$2.5M	10x
Hyperliquid XPL	+0.0100%	1h	0.09687	+0.168%	$61.1M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09680	+0.094%	$252K	$470K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09681	+0.112%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09663	−0.079%	$43.8M	$102.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09664	−0.067%	$8.3M	$49.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09670	−0.005%	$141K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09663	−0.078%	$12.5M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09662	−0.088%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09681	+0.109%	$8.8M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09669	−0.016%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09689	+0.189%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09672	+0.013%	$255K	$1.0M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.098%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09682	+0.117%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09650	−0.212%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.005%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09682	+0.119%	$142K	$201K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09671	+0.003%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09670	−0.005%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09689	+0.191%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09673	+0.026%	$1.7M	$976K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09734	+0.657%	$75K	$82K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3103%	1h	0.09707	+0.373%	$551K	$982K	10x	as long as short