XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.065%

Price spread now: Bulk against Deribit0.000%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XPL_USDC-PERPETUAL	0.09615	0	get 0.0000% / 1h	33m 03s	$46K	$18K	25x
Short	Bulk XPL-USD	0.09615	0.0100	get 0.0013% / 1h	33m 03s	$140K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Deribit. 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 DeribitbpFee BulkbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $7
Costs to cover: 0.140%
Break-even: 4.7 days

Slippage unknown: Deribit: no order-book sample; Bulk: live order book, 31 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 Deribit no order-book sample	—	—	—	—	—
Sell Bulk live order book, 31 min ago	5.18 bp	11.1 bp −$11	18.8 bp −$188	46.6 bp −$4,660	doesn't fit

Deribit: 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
Backpack XPL_USDC_PERP	−0.0500%	1h	0.09621	+0.062%	$181K	$243K	10x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	0.09598	−0.177%	$558	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0253% / S +0.0579%	1h	0.09612	−0.034%	$106K	—	100x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09612	−0.031%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09589	−0.270%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.260%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUALlong	0.0000%	1h	0.09615	long leg	$46K	$18K	25x
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09610	−0.048%	$72K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0041%	4h	0.09615	0.000%	$8.3M	$53.0M	50x	as long as short
Bybit XPLUSDT	+0.0050%	4h	0.09608	−0.073%	$45.5M	$56.8M	75x	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	+0.0057%	8h	0.09605	−0.101%	$12K	$2K	5x	as long as short
Gate XPL_USDT	+0.0066%	4h	0.09613	−0.021%	$3.0M	$3.8M	75x	as long as short
Lighter XPL	+0.0088%	1h	0.09610	−0.052%	$4.3M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09609	−0.057%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09632	+0.173%	$60.5M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09618	+0.033%	$244K	$501K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09606	−0.088%	$219K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09619	+0.037%	$43.5M	$108.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09619	+0.042%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09606	−0.094%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09620	+0.052%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09615	0.000%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09612	−0.035%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09619	+0.039%	$256K	$912K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+0.156%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09618	+0.031%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09590	−0.260%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	+0.052%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09624	+0.094%	$145K	$264K	20x	as long as short
Bulk XPL-USDshort	+0.0100%	1h	0.09615	0.000%	$140K	$7K	10x
Extended XPL-USD	+0.0104%	1h	0.09612	−0.029%	$633K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09615	0.000%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09617	+0.021%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09612	−0.031%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.260%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3563%	1h	0.09647	+0.332%	$547K	$1.0M	10x	as long as short