XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.4931%/8h= +539.9% APRnext payment +$6.16 per $10,000 · paid last 24h +0.392%

Price spread now: Kraken Futures against Bulk+1.266%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$23as in the Price arb table

costs, in and out, $10k−$980.981% of the position

Long on Bulk Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.241%+$24 on $10k

Price spread, last 3 days (all we have)−1.169%−$117 · spread now +1.266%, 7d avg +0.055%

Together, before fees−0.928%−$93 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$148 a day on $10k at the current rate, and Kraken Futures is 1.211% dearer against Bulk than usual: you sell high and buy low: +$121 more if the spread goes back to its 7-day average of +0.055%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.241% in total (about 25.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.16 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XPL-USD	0.09765	0.0100	pay 0.0013% / 1h	29m 50s	$142K	$2K	10x
Short	Kraken Futures PF_XPLUSD	0.09889	0.5031	get 0.0629% / 1h	29m 50s	$572K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +1.266%Rate

Funding earned: $1,035.46
Price spread: +1.266% → +0.055%: $121.14
Slippage, 4 orders: −$81.1
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,058.51
Costs to cover: 0.981%
Break-even: from the start

Slippage from Bulk: live order book, 44 min ago; Kraken Futures: 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 Bulk live order book, 44 min ago	5.15 bp	8.7 bp −$9	14.8 bp −$148	45.9 bp −$4,591	doesn't fit
Sell Kraken Futures live order book, 3 min ago	12.16 bp	23.4 bp −$23	384.7 bp −$3,847	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
Deribit XPL_USDC-PERPETUAL	−0.0562%	1h	0.09842	+0.786%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0164% / S +0.0541%	1h	0.09856	+0.931%	$114K	—	100x	as long as short
01 Exchange XPLUSD	−0.0120%	1h	0.09869	+1.063%	$574	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0067%	1h	0.09845	+0.817%	$184K	$273K	10x	as long as short
Lighter XPL	−0.0040%	1h	0.09837	+0.735%	$4.4M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09881	+1.183%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.476%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09857	+0.940%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0028%	4h	0.09845	+0.817%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0046%	8h	0.09875	+1.123%	$13K	$2K	5x	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	0.09861	+0.986%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09857	+0.940%	$255K	$534K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09875	+1.126%	$225K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09856	+0.930%	$45.1M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09855	+0.919%	$47.9M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09850	+0.868%	$8.7M	$55.8M	50x	as long as short
Bulk XPL-USDlong	+0.0100%	1h	0.09765	long leg	$142K	$2K	10x
Gate XPL_USDT	+0.0100%	4h	0.09860	+0.971%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09855	+0.919%	$13.0M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09856	+0.930%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09861	+0.981%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09858	+0.950%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09857	+0.940%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09827	+0.636%	$260K	$840K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	+0.766%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09878	+1.152%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09830	+0.663%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09840	+0.766%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09841	+0.776%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09859	+0.965%	$669K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09846	+0.828%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09844	+0.807%	$199K	$655K	10x	as long as short
Hyperliquid XPL	+0.0249%	1h	0.09870	+1.073%	$63.9M	$47.3M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09863	+1.001%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09864	+1.012%	$73K	$96K	50x	as long as short
Kraken Futures PF_XPLUSDshort	+0.5031%	1h	0.09889	+1.266%	$572K	$1.0M	10x