XPL

Alert: funding

Alert: spread

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

Price spread now: Binance against BloFin−0.010%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.462%−$46 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.010%, 7d avg +0.018%

Together, before fees−0.375%−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.028% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09705	0.0340	pay 0.0170% / 4h	25m 08s	$1.7M	$1.2M	75x
Short	Binance XPLUSDT	0.09704	0.0100	get 0.0050% / 4h	25m 08s	$44.1M	$108.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: −$50.4
Price spread: −0.010% → +0.018%: −$2.84
Slippage, 4 orders: −$15.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$90.94
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: 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 BloFin live order book, 3 min ago	1.03 bp	8.3 bp −$8	14.7 bp −$147	49.1 bp −$4,910	doesn't fit
Sell Binance live order book, 3 min ago	0.51 bp	9.5 bp −$10	24.9 bp −$249	103.2 bp −$10.3K	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
Lighter XPL	−0.0544%	1h	0.09696	−0.093%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0392%	1h	0.09693	−0.124%	$564	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0162%	1h	0.09709	+0.041%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0137% / S +0.0523%	1h	0.09709	+0.039%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09710	+0.051%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−21.995%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09708	+0.034%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0022%	8h	0.09705	−0.003%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0050%	4h	0.09704	−0.010%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0068%	4h	0.09702	−0.031%	$3.0M	$4.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09701	−0.041%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09711	+0.063%	$62.7M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09709	+0.046%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09710	+0.047%	$221K	$46K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09704	−0.010%	$44.1M	$108.3M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09704	−0.010%	$47.2M	$55.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09699	−0.062%	$8.7M	$54.3M	50x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09704	−0.010%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09709	+0.041%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09708	+0.031%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09700	−0.052%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09706	+0.010%	$179K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09715	+0.107%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09720	+0.155%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09730	+0.258%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09711	+0.063%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09680	−0.258%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	+0.052%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09701	−0.041%	$138K	$233K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	−0.053%	$141K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09703	−0.019%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09710	+0.052%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09734	+0.299%	$197K	$651K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09705	long leg	$1.7M	$1.2M	75x
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+1.236%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5111%	1h	0.09767	+0.641%	$563K	$1.0M	10x	as long as short