XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0416%/8h= +45.6% APRnext payment +$0.52 per $10,000 · paid last 24h +0.130%

Price spread now: Coinbase International against Phoenix+0.486%72s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.379%−$38 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.486% dearer against Phoenix than usual: you sell high and buy low: +$49 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.379%, so the current rate has only just turned in your favour. The two prices were read 72 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	0.09671	0.0248	pay 0.0031% / 1h	3m 36s	$196K	$506K	10x
Short	Coinbase International XPL-PERP-INTX	0.09718	0.0664	get 0.0083% / 1h	3m 36s	$66K	$92K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.486%Rate

Funding earned: $87.4
Price spread: +0.486% → 0.000%: $48.6
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $118.99
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 39 min ago; Coinbase International: 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, 39 min ago	1.04 bp	15.0 bp −$15	55.9 bp −$559	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Lighter XPL	−0.1128%	1h	0.09616	−0.569%	$4.3M	$3.2M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0477%	1h	0.09628	−0.445%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09641	−0.315%	$106K	—	100x	as long as short
01 Exchange XPLUSD	−0.0312%	1h	0.09622	−0.507%	$559	$873	5x	as long as short
Orderly PERP_XPL_USDC	−0.0007%	4h	0.09626	−0.465%	$30K	$251K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09638	−0.344%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.715%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09641	−0.314%	$73K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0062%	8h	0.09626	−0.463%	$13K	$696	5x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09647	−0.245%	$61.0M	$46.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPLUSDT	+0.0100%	4h	0.09638	−0.336%	$254K	$420K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09636	−0.364%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09627	−0.451%	$43.8M	$97.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09621	−0.517%	$45.9M	$53.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09618	−0.548%	$7.8M	$47.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09655	−0.165%	$141K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09630	−0.424%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09628	−0.445%	$12.6M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09635	−0.372%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09637	−0.352%	$9.1M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09626	−0.465%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09632	−0.403%	$180K	$187K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09647	−0.250%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09635	−0.367%	$263K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09650	−0.217%	$25K	$75K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09627	−0.450%	$1.3M	$2.2M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09645	−0.264%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	−0.527%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	−0.527%	$195	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09635	−0.372%	$133K	$213K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09625	−0.478%	$604K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09625	−0.475%	$29K	$18K	3x	as long as short
Phoenix XPLlong	+0.0248%	1h	0.09671	long leg	$196K	$506K	10x
BloFin XPL-USDT	+0.0340%	4h	0.09645	−0.269%	$1.7M	$937K	75x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0664%	1h	0.09718	+0.486%	$66K	$92K	50x
Kraken Futures PF_XPLUSD	+0.2834%	1h	0.09662	−0.098%	$548K	$932K	10x	as long as short