XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against BingX+0.031%51s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.587% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.031%, 7d avg −0.011%

Together, before fees+0.222%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.042% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XPL-USDT	0.09640	0.0100	pay 0.0050% / 4h	24m 17s	—	$7.9M	—
Short	BloFin XPL-USDT	0.09643	0.0340	get 0.0170% / 4h	24m 17s	$1.7M	$994K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.031%Rate

Funding earned: $50.4
Price spread: +0.031% → −0.011%: $4.23
Slippage, 4 orders: −$36.69
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$4.06
Costs to cover: 0.587%
Break-even: 7.6 days

Slippage from BingX: live order book, 13 min ago; BloFin: live order book, 8 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 BingX live order book, 13 min ago	5.25 bp	15.8 bp −$16	30.2 bp −$302	92.6 bp −$9,261	doesn't fit
Sell BloFin live order book, 8 min ago	4.15 bp	13.8 bp −$14	28.5 bp −$285	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
01 Exchange XPLUSD	−0.0368%	1h	0.09633	−0.073%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0310% / S +0.0614%	1h	0.09641	+0.008%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0085%	4h	0.09638	−0.021%	$45.6M	$54.7M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0061%	1h	0.09642	+0.021%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09641	+0.008%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.465%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09642	+0.016%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0013%	4h	0.09638	−0.021%	$29K	$339K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0050%	1h	0.09638	−0.021%	$178K	$223K	10x	as long as short
Paradex XPL-USD-PERP	+0.0080%	8h	0.09638	−0.023%	$13K	$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	+0.0096%	1h	0.09632	−0.083%	$4.4M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09635	−0.052%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09653	+0.137%	$60.9M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09644	+0.040%	$242K	$469K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09640	−0.004%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09641	+0.010%	$43.9M	$103.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09644	+0.041%	$8.3M	$49.6M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09643	+0.031%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09639	−0.010%	$12.4M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09641	+0.010%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09646	+0.062%	$8.6M	$10.1M	75x	as long as short
BingX XPL-USDTlong	+0.0100%	4h	0.09640	long leg	—	$7.9M	—
Variational Omni XPL	+0.0100%	4h	0.09615	−0.262%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09612	−0.296%	$252K	$983K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	−0.207%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09647	+0.073%	$124K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	−0.311%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	0.000%	$197	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09645	+0.052%	$141K	$206K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09630	−0.104%	$140K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09638	−0.021%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09640	0.000%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09626	−0.145%	$195K	$617K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09643	+0.031%	$1.7M	$994K	75x
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09676	+0.373%	$75K	$87K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3295%	1h	0.09681	+0.423%	$549K	$975K	10x	as long as short