XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0465%/8h= +50.9% APRnext payment +$2.32 per $10,000 · paid last 24h +0.089%

Price spread now: BloFin against Bybit+0.053%92s7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as 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−$530.530% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.551%+$55 on $10k

Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.053%, 7d avg −0.008%

Together, before fees+0.318%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BloFin is 0.061% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 92 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	Bybit XPLUSDT	0.09466	−0.0247	get 0.0124% / 4h	1h 55m	$44.6M	$52.1M	75x
Short	BloFin XPL-USDT	0.09471	0.0218	get 0.0109% / 4h	1h 55m	$1.7M	$827K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.053%Rate

Funding earned: $97.63
Price spread: +0.053% → −0.008%: $6.1
Slippage, 4 orders: −$29.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $50.77
Costs to cover: 0.530%
Break-even: 3.4 days

Slippage from Bybit: live order book, 1 min ago; BloFin: 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 Bybit live order book, 1 min ago	1.06 bp	10.6 bp −$11	30.6 bp −$306	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	3.68 bp	12.0 bp −$12	22.6 bp −$226	79.7 bp −$7,968	doesn't fit

XPL on 36 exchanges

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	−0.0768%	1h	0.09453	−0.137%	$4.3M	$3.0M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0595%	1h	0.09462	−0.042%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0584%	1h	0.09455	−0.116%	$550	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0415% / S +0.0676%	1h	0.09462	−0.040%	$105K	—	100x	as long as short
Bybit XPLUSDTlong	−0.0247%	4h	0.09466	long leg	$44.6M	$52.1M	75x
Extended XPL-USD	−0.0152%	1h	0.09467	+0.009%	$601K	$1.1M	25x	as long as short
Paradex XPL-USD-PERP	−0.0116%	8h	0.09462	−0.041%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0087%	4h	0.09459	−0.074%	$30K	$185K	10x	as long as short
OKX XPL-USDT-SWAP	−0.0049%	4h	0.09466	0.000%	$7.4M	$46.4M	50x	as long as short
Binance XPLUSDT	−0.0027%	4h	0.09469	+0.032%	$43.5M	$95.6M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPL_USDT	−0.0024%	4h	0.09461	−0.053%	$13.3M	$6.3M	100x	as long as short
Backpack XPL_USDC_PERP	−0.0023%	1h	0.09463	−0.032%	$178K	$170K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09489	+0.245%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.023%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09487	+0.219%	$72K	—	150x	as long as short
Gate XPL_USDT	+0.0022%	4h	0.09466	0.000%	$2.9M	$3.2M	75x	as long as short
Aevo XPL-PERP	+0.0072%	1h	0.09465	−0.011%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09456	−0.106%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09471	+0.051%	$60.0M	$42.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09470	+0.042%	$252K	$360K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09470	+0.042%	$216K	$46K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09466	0.000%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09473	+0.074%	$8.8M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09467	+0.011%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09453	−0.136%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09495	+0.308%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09500	+0.359%	$25K	$68K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09467	+0.011%	$124K	$1.2M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09450	−0.169%	$3K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09450	−0.169%	$179	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09470	+0.042%	$134K	$209K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09455	−0.116%	$138K	$5K	10x	as long as short
Phoenix XPL	+0.0166%	1h	0.09514	+0.507%	$192K	$434K	10x	as long as short
BloFin XPL-USDTshort	+0.0218%	4h	0.09471	+0.053%	$1.7M	$827K	75x
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09538	+0.761%	$64K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1349%	1h	0.09486	+0.213%	$553K	$992K	10x	as long as short