XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0021%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against OKX−0.036%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.435% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.036%, 7d avg −0.008%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.028% cheaper against OKX than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.008%). If the spread goes back, that is −$3 on $10k: about 4.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPL-USDT-SWAP	0.09437	−0.0053	get 0.0026% / 4h	1h 52m	$7.4M	$46.4M	50x
Short	Binance XPLUSDT	0.09434	−0.0032	pay 0.0016% / 4h	1h 52m	$43.4M	$95.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.036%Rate

Funding earned: $4.31
Price spread: −0.036% → −0.008%: −$2.76
Slippage, 4 orders: −$23.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.98
Costs to cover: 0.435%
Break-even: 75.2 days

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 14 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 OKX live order book, 5 min ago	0.53 bp	10.7 bp −$11	31.6 bp −$316	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.52 bp	10.6 bp −$11	23.2 bp −$232	112.2 bp −$11.2K	doesn't fit

XPL on 36 exchanges

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	−0.0672%	1h	0.09429	−0.085%	$4.3M	$3.0M	10x	as long as short
01 Exchange XPLUSD	−0.0608%	1h	0.09427	−0.106%	$548	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0597%	1h	0.09438	+0.011%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0420% / S +0.0679%	1h	0.09442	+0.049%	$104K	—	100x	as long as short
Bybit XPLUSDT	−0.0276%	4h	0.09435	−0.021%	$44.6M	$52.2M	75x	as long as short
Extended XPL-USD	−0.0152%	1h	0.09434	−0.033%	$597K	$1.1M	25x	as long as short
Paradex XPL-USD-PERP	−0.0122%	8h	0.09441	+0.040%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0090%	4h	0.09433	−0.042%	$30K	$185K	10x	as long as short
OKX XPL-USDT-SWAPlong	−0.0053%	4h	0.09437	long leg	$7.4M	$46.4M	50x
Binance XPLUSDTshort	−0.0032%	4h	0.09434	−0.036%	$43.4M	$95.7M	75x

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPL_USDT	−0.0028%	4h	0.09437	0.000%	$13.2M	$6.3M	100x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−19.777%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09452	+0.158%	$71K	—	150x	as long as short
Gate XPL_USDT	+0.0008%	4h	0.09442	+0.053%	$2.9M	$3.2M	75x	as long as short
Backpack XPL_USDC_PERP	+0.0038%	1h	0.09452	+0.159%	$180K	$170K	10x	as long as short
Aevo XPL-PERP	+0.0072%	1h	0.09432	−0.052%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09438	+0.011%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09451	+0.153%	$59.9M	$41.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09437	−0.004%	$251K	$361K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09450	+0.138%	$216K	$46K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09447	+0.106%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09447	+0.106%	$8.8M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09437	0.000%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09453	+0.170%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09460	+0.244%	$259K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09470	+0.350%	$25K	$68K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09446	+0.095%	$124K	$1.2M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09420	−0.180%	$3K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09440	+0.032%	$178	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09460	+0.244%	$134K	$212K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09455	+0.191%	$138K	$5K	10x	as long as short
BloFin XPL-USDT	+0.0213%	4h	0.09450	+0.138%	$1.7M	$825K	75x	as long as short
Phoenix XPL	+0.0252%	1h	0.09471	+0.360%	$191K	$435K	10x	as long as short
dYdX XPL-USD	+0.0541%	1h	0.09447	+0.109%	$9K	$900	5x	as long as short
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09538	+1.070%	$64K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1352%	1h	0.09464	+0.289%	$554K	$999K	10x	as long as short