XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0365%/8h= −40.0% APRnext payment −$1.82 per $10,000 · paid last 24h −0.076%

Price spread now: OKX against BloFin0.000%53s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as 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−$410.414% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.502%−$50 on $10k

Price spread, last 4 days (all we have)+0.328%+$33 · spread now 0.000%, 7d avg +0.046%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and OKX is 0.046% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 53 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	BloFin XPL-USDT	0.09517	0.0340	pay 0.0170% / 4h	3h 42m	$1.7M	$925K	75x
Short	OKX XPL-USDT-SWAP	0.09517	−0.0025	pay 0.0012% / 4h	3h 42m	$7.6M	$47.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$76.63
Price spread: 0.000% → +0.046%: −$4.63
Slippage, 4 orders: −$19.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$122.68
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	0.52 bp	10.0 bp −$10	22.2 bp −$222	88.4 bp −$8,840	doesn't fit
Sell OKX live order book, 1 min ago	0.52 bp	9.9 bp −$10	32.3 bp −$323	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
Lighter XPL	−0.1360%	1h	0.09506	−0.116%	$4.3M	$3.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0485%	1h	0.09519	+0.021%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	0.09512	−0.053%	$553	$873	5x	as long as short
Bybit XPLUSDT	−0.0327%	4h	0.09520	+0.032%	$45.2M	$54.0M	75x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09530	+0.132%	$105K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0102%	8h	0.09516	−0.014%	$12K	$696	5x	as long as short
Gate XPL_USDT	−0.0036%	4h	0.09520	+0.032%	$2.9M	$3.3M	75x	as long as short
OKX XPL-USDT-SWAPshort	−0.0025%	4h	0.09517	0.000%	$7.6M	$47.4M	50x
Orderly PERP_XPL_USDC	−0.0025%	4h	0.09520	+0.032%	$30K	$261K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09526	+0.100%	$9K	$600	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.450%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09525	+0.082%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0058%	1h	0.09529	+0.126%	$178K	$180K	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09513	−0.042%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09539	+0.234%	$60.3M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09533	+0.164%	$252K	$404K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09526	+0.099%	$218K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09522	+0.051%	$43.3M	$97.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09522	+0.053%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09521	+0.042%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09530	+0.137%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09520	+0.032%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09547	+0.314%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09550	+0.346%	$256K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09560	+0.452%	$25K	$74K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09532	+0.158%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.074%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09520	+0.032%	$188	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09543	+0.273%	$132K	$210K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	+0.246%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09515	−0.026%	$595K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09520	+0.032%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09561	+0.462%	$193K	$494K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09517	long leg	$1.7M	$925K	75x
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.830%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2716%	1h	0.09549	+0.339%	$541K	$948K	10x	as long as short