XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0381%/8h= −41.7% APRnext payment −$0.48 per $10,000 · paid last 24h −0.063%

Price spread now: Aevo against Phoenix−0.587%66s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aevo is 0.587% cheaper against Phoenix than usual: you would sell low and buy high (−$59 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 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	Phoenix XPL	0.09742	0.0485	pay 0.0061% / 1h	6m 14s	$197K	$646K	10x
Short	Aevo XPL-PERP	0.09685	0.0104	get 0.0013% / 1h	6m 14s	$38K	$5K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.587%Rate

Funding earned: −$79.96
Price spread: −0.587% → 0.000%: −$58.71
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$161.67
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 17 min ago; Aevo: 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 Phoenix live order book, 17 min ago	1.02 bp	14.7 bp −$15	55.9 bp −$559	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Deribit XPL_USDC-PERPETUAL	−0.0472%	1h	0.09682	−0.616%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0088% / S +0.0491%	1h	0.09673	−0.712%	$111K	—	100x	as long as short
Lighter XPL	−0.0088%	1h	0.09677	−0.667%	$4.4M	$4.3M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0078%	1h	0.09693	−0.503%	$177K	$283K	10x	as long as short
01 Exchange XPLUSD	−0.0072%	1h	0.09664	−0.801%	$562	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09689	−0.545%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.289%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09673	−0.710%	$71K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0082%	4h	0.09673	−0.708%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0089%	8h	0.09670	−0.738%	$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	0.09662	−0.816%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09679	−0.647%	$62.1M	$47.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09675	−0.686%	$250K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09681	−0.628%	$219K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09687	−0.565%	$43.6M	$105.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09683	−0.606%	$47.2M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09687	−0.565%	$8.9M	$53.1M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09672	−0.719%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09687	−0.565%	$12.6M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09673	−0.708%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09682	−0.616%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09672	−0.719%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	−0.470%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09704	−0.392%	$262K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	−0.226%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09678	−0.658%	$128K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09650	−0.944%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09680	−0.636%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09703	−0.400%	$138K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09695	−0.482%	$140K	$11K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09679	−0.644%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERPshort	+0.0104%	1h	0.09685	−0.587%	$38K	$5K	3x
BloFin XPL-USDT	+0.0340%	4h	0.09693	−0.503%	$1.7M	$1.1M	75x	as long as short
Phoenix XPLlong	+0.0485%	1h	0.09742	long leg	$197K	$646K	10x
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09699	−0.441%	$73K	$102K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3515%	1h	0.09727	−0.149%	$512K	$948K	10x	as long as short