XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.60 per $10,000 · paid last 24h −0.016%

Price spread now: Orderly against Bybit+0.031%7-day average −0.004% · you sell dearer than you buy

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)−0.475%−$48 · spread now +0.031%, 7d avg −0.004%

Together, before fees−0.590%−$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Orderly is 0.035% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XPLUSDT	0.09636	−0.0121	get 0.0060% / 4h	1h 11m	$45.6M	$56.7M	75x
Short	Orderly PERP_XPL_USDC	0.09639	−0.0001	pay 0.0000% / 4h	1h 11m	$29K	$335K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.031%Rate

Funding earned: $25.2
Price spread: +0.031% → −0.004%: $3.54
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $11.73
Costs to cover: 0.170%
Break-even: 3.7 days

Slippage unknown: Bybit: live order book, 3 min ago; Orderly: 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 Bybit live order book, 3 min ago	0.52 bp	12.1 bp −$12	40.3 bp −$403	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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
01 Exchange XPLUSD	−0.0392%	1h	0.09619	−0.176%	$559	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0272%	1h	0.09615	−0.218%	$178K	$231K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0268% / S +0.0588%	1h	0.09638	+0.026%	$106K	—	100x	as long as short
Bybit XPLUSDTlong	−0.0121%	4h	0.09636	long leg	$45.6M	$56.7M	75x
Orderly PERP_XPL_USDCshort	−0.0001%	4h	0.09639	+0.031%	$29K	$335K	10x
dYdX XPL-USD	0.0000%	1h	0.09625	−0.119%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.434%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09645	+0.093%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09640	+0.045%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0060%	4h	0.09644	+0.083%	$8.3M	$52.6M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0061%	8h	0.09622	−0.142%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09634	−0.021%	$4.4M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09620	−0.161%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09643	+0.072%	$60.5M	$48.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09631	−0.050%	$244K	$497K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09630	−0.062%	$220K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09641	+0.052%	$43.7M	$108.3M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09643	+0.077%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09631	−0.052%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09640	+0.042%	$12.5M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09624	−0.125%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09646	+0.104%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09634	−0.021%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09645	+0.089%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09611	−0.258%	$253K	$930K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	−0.166%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09636	+0.003%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	−0.270%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	+0.042%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09642	+0.062%	$145K	$263K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09639	+0.031%	$636K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09641	+0.048%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09632	−0.042%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09626	−0.104%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+0.353%	$75K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3553%	1h	0.09675	+0.407%	$549K	$1.0M	10x	as long as short