XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: MEXC against BloFin−0.063%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.063%, 7d avg +0.033%

Together, before fees−0.331%−$33 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 MEXC is 0.096% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09575	0.0340	pay 0.0170% / 4h	2h 48m	$1.7M	$946K	75x
Short	MEXC XPL_USDT	0.09569	0.0100	get 0.0050% / 4h	2h 48m	$12.5M	$6.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$50.4
Price spread: −0.063% → +0.033%: −$9.59
Slippage, 4 orders: −$16.83
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$88.82
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; MEXC: live order book, 5 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, 4 min ago	0.52 bp	11.2 bp −$11	18.7 bp −$187	66.2 bp −$6,615	doesn't fit
Sell MEXC live order book, 5 min ago	0.52 bp	0.6 bp −$1	7.4 bp −$74	82.5 bp −$8,255	228.5 bp −$114.2K

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
Deribit XPL_USDC-PERPETUAL	−0.0272%	1h	0.09582	+0.073%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09587	+0.124%	$106K	—	100x	as long as short
01 Exchange XPLUSD	−0.0192%	1h	0.09577	+0.021%	$557	$708	5x	as long as short
Lighter XPL	−0.0016%	1h	0.09578	+0.031%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09588	+0.134%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.931%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09588	+0.131%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09580	+0.052%	$29K	$329K	10x	as long as short
Paradex XPL-USD-PERP	+0.0060%	8h	0.09581	+0.062%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09582	+0.073%	$1.2M	$2.4M	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	0.09592	+0.178%	$60.6M	$46.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09580	+0.052%	$248K	$425K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09591	+0.168%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09576	+0.010%	$43.4M	$100.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09573	−0.021%	$45.4M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09578	+0.031%	$8.1M	$48.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09592	+0.173%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09571	−0.042%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDTshort	+0.0100%	4h	0.09569	−0.063%	$12.5M	$6.9M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09564	−0.115%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09583	+0.084%	$9.1M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09577	+0.021%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09582	+0.073%	$174K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09610	+0.364%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09608	+0.349%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	+0.470%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09592	+0.182%	$128K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09560	−0.157%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	+0.052%	$200	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09596	+0.219%	$140K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09567	−0.085%	$637K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09580	+0.052%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09626	+0.533%	$195K	$536K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09575	long leg	$1.7M	$946K	75x
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.679%	$67K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2892%	1h	0.09612	+0.383%	$546K	$988K	10x	as long as short