XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2684%/8h= +293.9% APRnext payment +$3.35 per $10,000 · paid last 24h +0.315%

Price spread now: Kraken Futures against Coinbase International−0.086%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.086% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3 hours of funding at the current rate (+$81 a day). At the pace of the last 7 days (+0.256% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.256% in total (about 13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.35 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	Coinbase International XPL-PERP-INTX	0.09676	0.0616	pay 0.0077% / 1h	14m 52s	$75K	$87K	50x
Short	Kraken Futures PF_XPLUSD	0.09668	0.3300	get 0.0412% / 1h	14m 52s	$548K	$975K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.086%Rate

Funding earned: $563.57
Price spread: −0.086% → 0.000%: −$8.59
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $534.99
Costs to cover: 0.200%
Break-even: 0.4 days

Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 38 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 38 min ago	29.70 bp	37.0 bp −$37	237.3 bp −$2,373	doesn't fit	doesn't fit

Coinbase International: 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	−0.0360%	1h	0.09634	−0.434%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0317% / S +0.0618%	1h	0.09635	−0.421%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0165%	1h	0.09631	−0.465%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0087%	4h	0.09628	−0.496%	$45.6M	$54.7M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0060%	1h	0.09633	−0.444%	$178K	$223K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09631	−0.468%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.757%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09635	−0.419%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0016%	4h	0.09627	−0.506%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0082%	8h	0.09631	−0.461%	$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
Lighter XPL	+0.0096%	1h	0.09622	−0.558%	$4.4M	$3.3M	10x	as long as short
Gate XPL_USDT	+0.0096%	4h	0.09630	−0.475%	$3.0M	$3.6M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09630	−0.481%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09647	−0.303%	$60.9M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09641	−0.358%	$251K	$469K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09638	−0.394%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09630	−0.475%	$43.7M	$103.0M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09633	−0.444%	$8.3M	$49.4M	50x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09627	−0.506%	$12.3M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09622	−0.558%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09638	−0.393%	$8.7M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09631	−0.465%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09622	−0.560%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09631	−0.463%	$267K	$997K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09640	−0.372%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09646	−0.306%	$124K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	−0.682%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	−0.579%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09599	−0.796%	$140K	$206K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09630	−0.475%	$140K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09627	−0.502%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09630	−0.475%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09627	−0.506%	$195K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09629	−0.486%	$1.7M	$984K	75x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0616%	1h	0.09676	long leg	$75K	$87K	50x
Kraken Futures PF_XPLUSDshort	+0.3300%	1h	0.09668	−0.086%	$548K	$975K	10x