XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.47 per $10,000 · paid last 24h +0.016%

Price spread now: Binance against Orderly−0.021%7-day average +0.037% · you buy dearer than you sell

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.021%, 7d avg +0.037%

Together, before fees+0.288%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.058% cheaper against Orderly than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.037%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XPL_USDC	0.09683	0.0007	pay 0.0003% / 4h	2h 46m	$29K	$335K	10x
Short	Binance XPLUSDT	0.09681	0.0100	get 0.0050% / 4h	2h 46m	$44.1M	$110.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now −0.021%Rate

Funding earned: $19.61
Price spread: −0.021% → +0.037%: −$5.8
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.19
Costs to cover: 0.160%
Break-even: 7.8 days

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 12 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	0.51 bp	14.9 bp −$15	29.7 bp −$297	120.6 bp −$12.1K	doesn't fit

Orderly: 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
01 Exchange XPLUSD	−0.0256%	1h	0.09688	+0.052%	$563	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0187% / S +0.0555%	1h	0.09684	+0.012%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0099%	1h	0.09707	+0.248%	$179K	$243K	10x	as long as short
Lighter XPL	−0.0056%	1h	0.09680	−0.031%	$4.4M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09686	+0.036%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.814%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09683	0.000%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09684	+0.011%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDClong	+0.0007%	4h	0.09683	long leg	$29K	$335K	10x
OKX XPL-USDT-SWAP	+0.0052%	4h	0.09684	+0.010%	$8.4M	$55.9M	50x	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	+0.0054%	8h	0.09688	+0.052%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09677	−0.057%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09698	+0.153%	$62.8M	$47.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09692	+0.089%	$246K	$555K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09688	+0.057%	$220K	$47K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09681	−0.021%	$44.1M	$110.8M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09686	+0.031%	$46.7M	$58.1M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09679	−0.041%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09685	+0.021%	$12.9M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09689	+0.062%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09684	+0.010%	$8.5M	$11.4M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09680	−0.031%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09678	−0.052%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09719	+0.369%	$265K	$858K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.382%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09695	+0.120%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09680	−0.031%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09680	−0.031%	$201	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09708	+0.258%	$142K	$255K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09710	+0.282%	$141K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09681	−0.020%	$650K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09676	−0.068%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09643	−0.413%	$195K	$657K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09706	+0.238%	$1.8M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09746	+0.651%	$80K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4399%	1h	0.09722	+0.406%	$550K	$1.0M	10x	as long as short