XPL

Alert

Funding spread now, next payment 16:00 UTC−0.0916%/8h

next payment, per $10,000−$1.14paid, last 24h−0.117%paid, last 7 days−0.425%to open and close $10k−$27

Long on Polymarket Perps Short on Lighter

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.425% in total (about -22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XPL-USD	0.1010	0.0100	pay 0.0013% / 1h	44m 08s	$139K	$3.5M	10x
Short	Lighter XPL	0.1008	−0.0816	pay 0.0102% / 1h	44m 08s	$4.6M	$4.1M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee LighterbpOrdersRate

Funding earned: −$192.36
Slippage, 4 orders: −$19.48
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$219.84
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Lighter: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.238%
Avg gap 7d: −0.139%

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 Polymarket Perps live order book, 1 min ago	2.96 bp	7.0 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	3.95 bp	8.2 bp −$8	29.4 bp −$294	doesn't fit	doesn't fit

XPL on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter XPLshort	−0.0816%	1h	$4.6M	$4.1M	10x
Deribit XPL_USDC-PERPETUAL	−0.0443%	1h	$48K	$11K	25x	as long as short
01 Exchange XPLUSD	−0.0168%	1h	$587	$3K	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0038% / S +0.0452%	1h	$135K	—	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	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0043%	4h	$28K	$331K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0080%	1h	$186K	$285K	10x	as long as short
Paradex XPL-USD-PERP	+0.0092%	8h	$13K	$1K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	$1.5M	$2.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	$272K	$441K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$229K	$20K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$47.1M	$91.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	$49.6M	$45.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	$9.9M	$52.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	$142K	$15K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.2M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.2M	$7.2M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.8M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$9.0M	$10.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.9M	$1.5M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$30K	$88K	50x	as long as short
Polymarket Perps XPL-USDlong	+0.0100%	1h	$139K	$3.5M	10x
SunX XPL-USDT	+0.0100%	4h	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$213	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$148K	$255K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	$660K	$802K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$39K	$5K	3x	as long as short
Hyperliquid XPL	+0.0177%	1h	$67.2M	$35.3M	10x	as long as short
Phoenix XPL	+0.0312%	1h	$207K	$596K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$2.0M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0888%	1h	$108K	$120K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1623%	1h	$147K	$427K	10x	as long as short