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 Bitget−0.083%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.513%+$51 on $10k

Price spread, last 4 days (all we have)−0.266%−$27 · spread now −0.083%, 7d avg −0.051%

Together, before fees+0.247%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.032% cheaper against Bitget than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.051%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPLUSDT	0.09620	0.0100	pay 0.0050% / 4h	1h 32m	$8.5M	$11.1M	75x
Short	BloFin XPL-USDT	0.09612	0.0340	get 0.0170% / 4h	1h 32m	$1.7M	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.083%Rate

Funding earned: $50.4
Price spread: −0.083% → −0.051%: −$3.19
Slippage, 4 orders: −$30.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.7
Costs to cover: 0.549%
Break-even: 8.1 days

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 10 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 Bitget live order book, 1 min ago	4.68 bp	14.7 bp −$15	26.1 bp −$261	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	3.64 bp	12.9 bp −$13	23.2 bp −$232	73.4 bp −$7,338	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	−0.0500%	1h	0.09621	+0.010%	$181K	$243K	10x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	0.09598	−0.229%	$558	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0253% / S +0.0579%	1h	0.09612	−0.086%	$106K	—	100x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09612	−0.083%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09589	−0.321%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.301%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09615	−0.052%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09610	−0.100%	$72K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0041%	4h	0.09615	−0.052%	$8.3M	$53.0M	50x	as long as short
Bybit XPLUSDT	+0.0050%	4h	0.09608	−0.125%	$45.5M	$56.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0057%	8h	0.09605	−0.153%	$12K	$2K	5x	as long as short
Gate XPL_USDT	+0.0066%	4h	0.09613	−0.073%	$3.0M	$3.8M	75x	as long as short
Lighter XPL	+0.0088%	1h	0.09610	−0.104%	$4.3M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09609	−0.109%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09632	+0.121%	$60.5M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09618	−0.019%	$244K	$501K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09606	−0.140%	$219K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09619	−0.015%	$43.5M	$108.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09619	−0.010%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09606	−0.146%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDTlong	+0.0100%	4h	0.09620	long leg	$8.5M	$11.1M	75x
BingX XPL-USDT	+0.0100%	4h	0.09615	−0.052%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09612	−0.087%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09619	−0.013%	$256K	$912K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+0.104%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09618	−0.021%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09590	−0.312%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	0.000%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09624	+0.042%	$145K	$264K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09615	−0.052%	$140K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09612	−0.080%	$633K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09615	−0.052%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09617	−0.031%	$195K	$629K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09612	−0.083%	$1.7M	$1.0M	75x
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.208%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3563%	1h	0.09647	+0.280%	$547K	$1.0M	10x	as long as short