XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0102%/8h= −11.1% APRnext payment −$0.51 per $10,000 · paid last 24h −0.017%

Price spread now: Orderly against Bitget−0.240%7-day average −0.076% · you buy dearer than you sell

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

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.240%, 7d avg −0.076%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.164% cheaper against Bitget than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPLUSDT	0.09583	0.0100	pay 0.0050% / 4h	1h 33m	$8.8M	$9.6M	75x
Short	Orderly PERP_XPL_USDC	0.09560	−0.0002	pay 0.0001% / 4h	1h 33m	$30K	$267K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.240%Rate

Funding earned: −$21.36
Price spread: −0.240% → −0.076%: −$16.44
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$55.81
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	3.12 bp	15.9 bp −$16	30.7 bp −$307	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	−0.1136%	1h	0.09561	−0.230%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09558	−0.261%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09564	−0.193%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0273%	1h	0.09563	−0.209%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDCshort	−0.0002%	4h	0.09560	−0.240%	$30K	$267K	10x
dYdX XPL-USD	0.0000%	1h	0.09579	−0.038%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.000%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09568	−0.158%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0055%	8h	0.09579	−0.044%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09559	−0.250%	$1.2M	$2.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09579	−0.039%	$60.5M	$46.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09580	−0.026%	$253K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09580	−0.031%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09576	−0.073%	$43.3M	$97.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09574	−0.094%	$45.6M	$53.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09580	−0.031%	$7.9M	$47.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09595	+0.125%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09567	−0.167%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09573	−0.104%	$12.5M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09563	−0.209%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDTlong	+0.0100%	4h	0.09583	long leg	$8.8M	$9.6M	75x
BingX XPL-USDT	+0.0100%	4h	0.09579	−0.042%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09568	−0.157%	$176K	$188K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09540	−0.450%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09580	−0.031%	$256K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09590	+0.073%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09570	−0.137%	$125K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.344%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.240%	$201	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09556	−0.282%	$132K	$215K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09577	−0.061%	$602K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09561	−0.225%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09570	−0.136%	$194K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09556	−0.282%	$1.7M	$931K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+1.409%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2855%	1h	0.09591	+0.082%	$543K	$933K	10x	as long as short