XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against Binance−0.073%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.073%, 7d avg +0.021%

Together, before fees−0.056%−$6 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 Gate is 0.093% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPLUSDT	0.09626	0.0100	pay 0.0050% / 4h	1h 35m	$43.5M	$108.7M	75x
Short	Gate XPL_USDT	0.09619	0.0066	get 0.0033% / 4h	1h 35m	$3.0M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: −$7.14
Price spread: −0.073% → +0.021%: −$9.34
Slippage, 4 orders: −$41.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.62
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Gate: live order book, 3 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 Binance live order book, 8 min ago	0.52 bp	9.3 bp −$9	18.9 bp −$189	109.6 bp −$11.0K	doesn't fit
Sell Gate live order book, 3 min ago	3.65 bp	24.8 bp −$25	146.3 bp −$1,463	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
Backpack XPL_USDC_PERP	−0.0563%	1h	0.09628	+0.021%	$181K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	0.09611	−0.156%	$559	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0251% / S +0.0578%	1h	0.09630	+0.046%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0165%	1h	0.09628	+0.021%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09624	−0.021%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09611	−0.155%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.351%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09630	+0.044%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0037%	4h	0.09627	+0.010%	$8.3M	$53.1M	50x	as long as short
Paradex XPL-USD-PERP	+0.0056%	8h	0.09615	−0.113%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0056%	1h	0.09602	−0.249%	$4.3M	$4.2M	10x	as long as short
Gate XPL_USDTshort	+0.0066%	4h	0.09619	−0.073%	$3.0M	$3.7M	75x
Bybit XPLUSDT	+0.0068%	4h	0.09619	−0.073%	$45.6M	$56.7M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09620	−0.062%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09640	+0.143%	$60.6M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09620	−0.062%	$244K	$501K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09616	−0.101%	$219K	$48K	10x	as long as short
Binance XPLUSDTlong	+0.0100%	4h	0.09626	long leg	$43.5M	$108.7M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09626	0.000%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09612	−0.145%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09630	+0.042%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09623	−0.031%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09612	−0.149%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09596	−0.308%	$255K	$912K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09610	−0.166%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09634	+0.079%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	−0.166%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	−0.062%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09601	−0.260%	$144K	$264K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09615	−0.114%	$140K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09611	−0.152%	$633K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09625	−0.010%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09617	−0.093%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09595	−0.322%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.145%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3560%	1h	0.09656	+0.307%	$548K	$1.0M	10x	as long as short