XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0328%/8h= +36.0% APRnext payment +$1.64 per $10,000 · paid last 24h +0.089%

Price spread now: BloFin against Orderly+0.093%52s7-day average +0.006% · you sell dearer than you buy

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

Long on Orderly Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.653%+$65 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.093%, 7d avg +0.006%

Together, before fees+0.588%+$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.088% dearer against Orderly than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.006%. The two prices were read 52 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	Orderly PERP_XPL_USDC	0.09649	0.0012	pay 0.0006% / 4h	3h 21m	$29K	$339K	10x
Short	BloFin XPL-USDT	0.09658	0.0340	get 0.0170% / 4h	3h 21m	$1.7M	$961K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now +0.093%Rate

Funding earned: $68.95
Price spread: +0.093% → +0.006%: $8.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $59.72
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 11 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 BloFin live order book, 11 min ago	1.55 bp	8.8 bp −$9	17.7 bp −$177	63.5 bp −$6,353	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	−0.0376%	1h	0.09634	−0.155%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09656	+0.074%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0164%	1h	0.09651	+0.021%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0114%	1h	0.09654	+0.052%	$176K	$189K	10x	as long as short
Bybit XPLUSDT	−0.0028%	4h	0.09664	+0.155%	$45.8M	$54.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09649	−0.003%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.537%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09658	+0.098%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDClong	+0.0012%	4h	0.09649	long leg	$29K	$339K	10x
Paradex XPL-USD-PERP	+0.0058%	8h	0.09640	−0.095%	$13K	$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	+0.0072%	1h	0.09642	−0.073%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09648	−0.010%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09667	+0.181%	$61.3M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09670	+0.220%	$252K	$422K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09648	−0.007%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09662	+0.135%	$43.9M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09664	+0.155%	$8.2M	$48.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09656	+0.073%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09663	+0.145%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09657	+0.083%	$12.7M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09656	+0.073%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09676	+0.280%	$9.0M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09663	+0.145%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09668	+0.194%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09666	+0.177%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.321%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09661	+0.122%	$128K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09640	−0.093%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	+0.010%	$199	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09657	+0.083%	$141K	$186K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09643	−0.059%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09646	−0.029%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09682	+0.342%	$196K	$573K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09658	+0.093%	$1.7M	$961K	75x
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09685	+0.373%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3111%	1h	0.09681	+0.327%	$550K	$990K	10x	as long as short