XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0282%/8h= −30.9% APRnext payment −$0.35 per $10,000 · paid last 24h −0.136%

Price spread now: Phoenix against Coinbase International−0.136%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.407%+$41 on $10k

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 −$8 a day on $10k at the current rate, and Phoenix is 0.136% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.407%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XPL-PERP-INTX	0.09583	0.0616	pay 0.0077% / 1h	40m 33s	$74K	$86K	50x
Short	Phoenix XPL	0.09570	0.0334	get 0.0042% / 1h	40m 33s	$194K	$617K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$59.24
Price spread: −0.136% → 0.000%: −$13.57
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$89.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Phoenix: live order book, 17 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 Phoenix live order book, 17 min ago	1.05 bp	15.0 bp −$15	48.1 bp −$481	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	−0.0336%	1h	0.09574	−0.094%	$557	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0296% / S +0.0606%	1h	0.09557	−0.267%	$105K	—	100x	as long as short
Bybit XPLUSDT	−0.0093%	4h	0.09571	−0.125%	$45.3M	$55.1M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0005%	1h	0.09570	−0.136%	$178K	$225K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09581	−0.024%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.999%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09562	−0.219%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09558	−0.266%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0007%	4h	0.09558	−0.261%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0075%	8h	0.09578	−0.049%	$12K	$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	0.09569	−0.146%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09582	−0.010%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09591	+0.082%	$60.1M	$47.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09585	+0.018%	$241K	$463K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09583	+0.002%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09581	−0.024%	$43.4M	$103.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09576	−0.073%	$8.3M	$49.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09530	−0.553%	$139K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09576	−0.073%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09578	−0.052%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09566	−0.177%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09580	−0.031%	$8.5M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09576	−0.073%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09545	−0.399%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09530	−0.553%	$253K	$955K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09520	−0.657%	$25K	$79K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09587	+0.038%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.344%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.240%	$194	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09520	−0.657%	$139K	$220K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09574	−0.093%	$646K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09560	−0.240%	$28K	$18K	3x	as long as short
Phoenix XPLshort	+0.0334%	1h	0.09570	−0.136%	$194K	$617K	10x
BloFin XPL-USDT	+0.0340%	4h	0.09555	−0.292%	$1.7M	$981K	75x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0616%	1h	0.09583	long leg	$74K	$86K	50x
Kraken Futures PF_XPLUSD	+0.3324%	1h	0.09598	+0.156%	$544K	$975K	10x	as long as short