XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0126%/8h= −13.8% APRnext payment −$0.63 per $10,000 · paid last 24h −0.022%

Price spread now: Orderly against Variational Omni+0.043%7-day average −0.018% · you sell dearer than you buy

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 4 days (all we have)−0.342%−$34 · spread now +0.043%, 7d avg −0.018%

Together, before fees−0.397%+ Points / potential airdropVariational Omni: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.060% dearer against Variational Omni than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.018%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 4 days (−0.055% in total) that is about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPL	0.09553	0.0100	pay 0.0050% / 4h	3h 47m	$1.7M	$1.9M	—
Short	Orderly PERP_XPL_USDC	0.09557	−0.0026	pay 0.0013% / 4h	3h 47m	$30K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee OrderlybpOrdersPrice spread, now +0.043%Rate

Funding earned: −$26.52
Price spread: +0.043% → −0.018%: $6.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$26.49
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Orderly: 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 Variational Omni RFQ quote, 1 min ago	3.67 bp	doesn't fit	48.8 bp −$488	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1328%	1h	0.09550	−0.031%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0416%	1h	0.09548	−0.052%	$555	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0273%	1h	0.09561	+0.085%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09564	+0.118%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0122%	4h	0.09565	+0.126%	$45.5M	$54.0M	75x	as long as short
Paradex XPL-USD-PERP	−0.0079%	8h	0.09543	−0.104%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDCshort	−0.0026%	4h	0.09557	+0.043%	$30K	$277K	10x
OKX XPL-USDT-SWAP	−0.0010%	4h	0.09563	+0.105%	$7.7M	$47.7M	50x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09550	−0.034%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.750%	—	—	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09565	+0.123%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0083%	1h	0.09566	+0.137%	$179K	$180K	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09555	+0.022%	$1.3M	$2.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09575	+0.228%	$253K	$404K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09553	+0.003%	$218K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09566	+0.140%	$43.5M	$97.8M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09561	+0.085%	$2.9M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09560	+0.074%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09559	+0.064%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09576	+0.242%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09559	+0.064%	—	$7.8M	—	as long as short
Variational Omni XPLlong	+0.0100%	4h	0.09553	long leg	$1.7M	$1.9M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09557	+0.040%	$256K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.179%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09564	+0.116%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09540	−0.135%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.074%	$190	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09542	−0.114%	$132K	$210K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.131%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09563	+0.107%	$595K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09560	+0.074%	$28K	$18K	3x	as long as short
Hyperliquid XPL	+0.0110%	1h	0.09578	+0.267%	$60.6M	$46.0M	10x	as long as short
Phoenix XPL	+0.0251%	1h	0.09566	+0.137%	$194K	$494K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09549	−0.041%	$1.7M	$928K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.451%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2706%	1h	0.09584	+0.327%	$543K	$943K	10x	as long as short