XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Bulk−0.106%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.106% cheaper against Bulk than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XPL-USD	0.09660	0.0100	pay 0.0013% / 1h	57m 42s	$141K	$7K	10x
Short	gTrade (Gains Network) XPL/USD	0.09650	L +0.0005% / S −0.0003%	get 0.0000% / 1h	57m 42s	$59K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bulk. 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 BulkbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.106%Rate

Funding earned: −$20.34
Price spread: −0.106% → 0.000%: −$10.58
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$47.92
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bulk: live order book, 6 min ago; gTrade (Gains Network): 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 Bulk live order book, 6 min ago	5.18 bp	8.7 bp −$9	16.9 bp −$169	52.5 bp −$5,253	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 35 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	−0.0568%	1h	0.09632	−0.290%	$178K	$243K	10x	as long as short
01 Exchange XPLUSD	−0.0408%	1h	0.09637	−0.238%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0211% / S +0.0570%	1h	0.09648	−0.127%	$111K	—	100x	as long as short
Lighter XPL	−0.0168%	1h	0.09610	−0.518%	$4.4M	$4.2M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0165%	1h	0.09643	−0.176%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0001%	4h	0.09640	−0.207%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09623	−0.387%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.629%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0003%	1h	0.09650	−0.106%	$59K	—	150x
OKX XPL-USDT-SWAP	+0.0037%	4h	0.09620	−0.414%	$8.3M	$53.1M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0043%	8h	0.09625	−0.358%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09642	−0.189%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09627	−0.343%	$61.2M	$47.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09628	−0.334%	$245K	$499K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09626	−0.352%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09619	−0.424%	$43.6M	$107.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09618	−0.435%	$46.3M	$55.9M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09616	−0.455%	$3.0M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09619	−0.424%	$12.5M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09620	−0.414%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09623	−0.383%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09616	−0.455%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09670	+0.102%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09646	−0.146%	$257K	$891K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.207%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09662	+0.017%	$131K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09630	−0.311%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	−0.207%	$195	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09665	+0.052%	$143K	$250K	20x	as long as short
Bulk XPL-USDlong	+0.0100%	1h	0.09660	long leg	$141K	$7K	10x
Extended XPL-USD	+0.0104%	1h	0.09615	−0.463%	$651K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09638	−0.229%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09667	+0.072%	$196K	$620K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09766	+1.097%	$78K	$94K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3551%	1h	0.09682	+0.225%	$549K	$1.0M	10x	as long as short