XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0606%/8h= −66.3% APRnext payment −$0.76 per $10,000 · paid last 24h −0.113%

Price spread now: GMX against Pacifica−0.052%7-day average −0.019% · you buy dearer than you sell

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

Long on Pacifica Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.170%−$17 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.052%, 7d avg −0.019%

Together, before fees−0.076%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and GMX is 0.034% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.170% in total (about -19.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09727	0.0100	pay 0.0013% / 1h	19m 51s	$221K	$46K	10x
Short	GMX XPL/USD [WBTC.b-USDC]	0.09721	L −0.0111% / S +0.0506%	pay 0.0063% / 1h	19m 51s	$112K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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 PacificabpFee GMXbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$127.2
Price spread: −0.052% → −0.019%: −$3.37
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$150.58
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 63 min ago; GMX: no order-book sample. 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 Pacifica live order book, 63 min ago	5.10 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Backpack XPL_USDC_PERP	−0.0306%	1h	0.09720	−0.068%	$177K	$282K	10x	as long as short
Lighter XPL	−0.0232%	1h	0.09706	−0.212%	$4.4M	$4.1M	10x	as long as short
01 Exchange XPLUSD	−0.0224%	1h	0.09715	−0.119%	$565	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0161%	1h	0.09717	−0.099%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]short	L −0.0111% / S +0.0506%	1h	0.09721	−0.052%	$112K	—	100x
dYdX XPL-USD	0.0000%	1h	0.09731	+0.044%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.167%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09723	−0.041%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0072%	4h	0.09712	−0.150%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0082%	8h	0.09722	−0.043%	$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
Nado XPL-PERP	+0.0100%	1h	0.09721	−0.058%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09732	+0.056%	$62.9M	$47.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09725	−0.022%	$251K	$526K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09727	long leg	$221K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09715	−0.122%	$43.8M	$106.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09715	−0.119%	$47.9M	$54.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09713	−0.140%	$8.9M	$53.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09725	−0.021%	$142K	$9K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09713	−0.140%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09717	−0.099%	$12.6M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09722	−0.047%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09726	−0.006%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09714	−0.130%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09717	−0.096%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09766	+0.404%	$260K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	+0.549%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09728	+0.010%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.273%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	−0.171%	$447	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09713	−0.140%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09715	−0.118%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09720	−0.068%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09748	+0.220%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09744	+0.179%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09760	+0.343%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4594%	1h	0.09771	+0.461%	$561K	$996K	10x	as long as short