XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Polymarket Perps−0.241%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days+0.315%+$31 · spread now −0.241%, 7d avg −0.147%

Together, before fees+0.330%+ Points / potential airdropExtended: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.094% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.147%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XPL-USD	0.09567	0.0100	pay 0.0013% / 1h	18m 59s	$125K	$1.8M	10x
Short	Extended XPL-USD	0.09544	0.0064	get 0.0008% / 1h	18m 59s	$597K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Polymarket Perps. 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 Polymarket PerpsbpFee ExtendedbpOrdersPrice spread, now −0.241%Rate

Funding earned: −$7.56
Price spread: −0.241% → −0.147%: −$9.45
Slippage, 4 orders: −$16.95
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$46.96
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Extended: live order book, 4 min ago.

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 Polymarket Perps live order book, 5 min ago	3.15 bp	7.1 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.05 bp	8.9 bp −$9	20.7 bp −$207	doesn't fit	doesn't fit

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	−0.1448%	1h	0.09540	−0.278%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0512%	1h	0.09558	−0.090%	$556	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09561	−0.063%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0064%	1h	0.09564	−0.027%	$46K	$18K	25x	as long as short
Paradex XPL-USD-PERP	−0.0041%	8h	0.09547	−0.207%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0028%	4h	0.09557	−0.100%	$30K	$281K	10x	as long as short
Bybit XPLUSDT	−0.0024%	4h	0.09546	−0.215%	$45.5M	$54.0M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09547	−0.208%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.862%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09563	−0.038%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0060%	4h	0.09544	−0.236%	$7.7M	$47.8M	50x	as long as short
Extended XPL-USDshort	+0.0064%	1h	0.09544	−0.241%	$597K	$1.2M	25x
Nado XPL-PERP	+0.0100%	1h	0.09549	−0.187%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09571	+0.044%	$60.4M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09556	−0.109%	$252K	$419K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09556	−0.116%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09547	−0.203%	$43.2M	$97.9M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09550	−0.174%	$2.9M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09555	−0.121%	$12.4M	$6.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09544	−0.236%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09556	−0.111%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09547	−0.205%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09563	−0.038%	$179K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09516	−0.531%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09525	−0.430%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09530	−0.383%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USDlong	+0.0100%	1h	0.09567	long leg	$125K	$1.8M	10x
SunX XPL-USDT	+0.0100%	4h	0.09530	−0.383%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.069%	$199	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09524	−0.445%	$131K	$212K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09555	−0.121%	$139K	$0	10x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09560	−0.069%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09538	−0.299%	$193K	$495K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09562	−0.048%	$1.7M	$925K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09620	+0.558%	$65K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2734%	1h	0.09597	+0.315%	$543K	$937K	10x	as long as short