XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0102%/8h= +11.1% APRnext payment +$0.51 per $10,000 · paid last 24h +0.016%

Price spread now: Bybit against Orderly−0.124%7-day average +0.004% · you buy dearer than you sell

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)+0.175%+$18 · spread now −0.124%, 7d avg +0.004%

Together, before fees+0.289%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.128% cheaper against Orderly than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of +0.004%). If the spread goes back, that is −$13 on $10k: about 4.2 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	0.09654	−0.0002	get 0.0001% / 4h	2h 02m	$29K	$335K	10x
Short	Bybit XPLUSDT	0.09642	0.0100	get 0.0050% / 4h	2h 02m	$46.4M	$56.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.124%Rate

Funding earned: $21.33
Price spread: −0.124% → +0.004%: −$12.85
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.51
Costs to cover: 0.170%
Break-even: 9.8 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.52 bp	15.6 bp −$16	42.1 bp −$421	doesn't fit	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 35 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	−0.0304%	1h	0.09647	−0.073%	$561	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0268%	1h	0.09655	+0.010%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0220%	1h	0.09647	−0.073%	$178K	$243K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0208% / S +0.0569%	1h	0.09658	+0.046%	$111K	—	100x	as long as short
Orderly PERP_XPL_USDClong	−0.0002%	4h	0.09654	long leg	$29K	$335K	10x
dYdX XPL-USD	0.0000%	1h	0.09661	+0.075%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.580%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09660	+0.059%	$59K	—	150x	as long as short
Lighter XPL	+0.0032%	1h	0.09647	−0.073%	$4.4M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0039%	4h	0.09643	−0.114%	$8.3M	$53.4M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0043%	8h	0.09655	+0.011%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09655	+0.010%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09654	−0.002%	$61.4M	$47.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09656	+0.025%	$246K	$499K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09662	+0.078%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09642	−0.124%	$43.7M	$108.1M	75x	as long as short
Bybit XPLUSDTshort	+0.0100%	4h	0.09642	−0.124%	$46.4M	$56.3M	75x
Gate XPL_USDT	+0.0100%	4h	0.09648	−0.062%	$3.0M	$3.9M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09647	−0.073%	$12.6M	$8.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09641	−0.135%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09646	−0.083%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09640	−0.145%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09664	+0.107%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09649	−0.052%	$257K	$891K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.269%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09666	+0.124%	$131K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09640	−0.145%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	−0.041%	$194	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09671	+0.176%	$144K	$249K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09660	+0.062%	$141K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09651	−0.030%	$655K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09653	−0.012%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09678	+0.249%	$196K	$657K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09766	+1.160%	$78K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4412%	1h	0.09695	+0.420%	$550K	$1.0M	10x	as long as short