XPL

Alert

Funding spread now, next payment 20:00 UTC+0.0008%/8h

paid, last 24h+0.001%paid, last 3 days−0.002%to open and closeno order book

Long on Paradex Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPL-USD-PERP	0.09828	0.0092	pay 0.0092% / 8h	7h 58m	$12K	$1K	5x
Short	Variational Omni XPL	0.09788	0.0100	get 0.0050% / 4h	3h 58m	$1.7M	$1.8M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee Variational OmnibpOrdersRate

Funding earned: $1.73
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.27
Break-even: 16.2 days

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.407%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Paradex no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	4.60 bp	doesn't fit	33.2 bp −$332	doesn't fit	doesn't fit

Paradex: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter XPL	−0.1144%	1h	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	$571	$582	5x	as long as short
Backpack XPL_USDC_PERP	−0.0277%	1h	$183K	$290K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0055%	1h	$49K	$17K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0040% / S +0.0454%	1h	$133K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$54K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0022%	4h	$27K	$331K	10x	as long as short
Paradex XPL-USD-PERPlong	+0.0092%	8h	$12K	$1K	5x

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	$1.4M	$2.5M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	$63.5M	$38.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	$265K	$449K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$222K	$15K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$45.0M	$96.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	$47.6M	$48.7M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	$9.2M	$52.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	$140K	$6K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$13.8M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.5M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.9M	—	as long as short
Variational Omni XPLshort	+0.0100%	4h	$1.7M	$1.8M	—
ApeX Omni XPLUSDT	+0.0100%	1h	$29K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$135K	$3.5M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$207	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$142K	$253K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	$633K	$824K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0312%	1h	$201K	$593K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$1.9M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0840%	1h	$76K	$135K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1448%	1h	$253K	$581K	10x	as long as short