XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.18 per $10,000 · paid last 24h −0.069%

Price spread now: SoDEX against Phoenix−0.196%7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$4 a day on $10k at the current rate, and SoDEX is 0.196% cheaper against Phoenix than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XPL	0.09689	0.0248	pay 0.0031% / 1h	46m 37s	$196K	$573K	10x
Short	SoDEX XPL-USD	0.09670	0.0100	get 0.0013% / 1h	46m 37s	$205	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$31.04
Price spread: −0.196% → 0.000%: −$19.61
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$65.65
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 6 min ago; SoDEX: 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, 6 min ago	1.03 bp	14.8 bp −$15	56.0 bp −$560	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
01 Exchange XPLUSD	−0.0448%	1h	0.09658	−0.320%	$562	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0370%	1h	0.09676	−0.134%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09682	−0.068%	$107K	—	100x	as long as short
Gate XPL_USDT	−0.0118%	4h	0.09671	−0.186%	$3.0M	$3.4M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0090%	1h	0.09679	−0.103%	$179K	$198K	10x	as long as short
Bybit XPLUSDT	−0.0050%	4h	0.09672	−0.175%	$45.8M	$54.3M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09683	−0.059%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.861%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09684	−0.056%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0017%	4h	0.09675	−0.144%	$29K	$339K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0052%	8h	0.09665	−0.248%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09668	−0.217%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09670	−0.191%	$1.2M	$2.5M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09692	+0.036%	$61.2M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09690	+0.012%	$252K	$470K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09681	−0.079%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09673	−0.165%	$43.8M	$102.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09669	−0.206%	$8.3M	$49.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09670	−0.196%	$141K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09672	−0.175%	$12.6M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09681	−0.083%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09677	−0.124%	$8.8M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09665	−0.248%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09689	−0.002%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09672	−0.178%	$255K	$1.0M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	−0.093%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09687	−0.019%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09660	−0.299%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USDshort	+0.0100%	1h	0.09670	−0.196%	$205	$12K	10x
HTX XPL-USDT	+0.0100%	4h	0.09682	−0.072%	$142K	$201K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09664	−0.255%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09674	−0.158%	$29K	$18K	3x	as long as short
Phoenix XPLlong	+0.0248%	1h	0.09689	long leg	$196K	$573K	10x
BloFin XPL-USDT	+0.0340%	4h	0.09673	−0.165%	$1.7M	$976K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09734	+0.464%	$75K	$82K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3101%	1h	0.09712	+0.239%	$551K	$981K	10x	as long as short