XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1843%/8h= +201.8% APRnext payment +$2.30 per $10,000 · paid last 24h +0.840%

Price spread now: Kraken Futures against Deribit+0.230%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and Kraken Futures is 0.230% dearer against Deribit than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XPL_USDC-PERPETUAL	0.09439	−0.0491	get 0.0061% / 1h	51m 03s	$46K	$18K	25x
Short	Kraken Futures PF_XPLUSD	0.09461	0.1352	get 0.0169% / 1h	51m 03s	$554K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.230%Rate

Funding earned: $387.11
Price spread: +0.230% → 0.000%: $22.96
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $393.07
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 60 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 Kraken Futures live order book, 60 min ago	18.33 bp	56.4 bp −$56	277.6 bp −$2,776	doesn't fit	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 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	−0.0616%	1h	0.09435	−0.042%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0616%	1h	0.09434	−0.053%	$548	$873	5x	as long as short
Deribit XPL_USDC-PERPETUALlong	−0.0491%	1h	0.09439	long leg	$46K	$18K	25x
GMX XPL/USD [WBTC.b-USDC]	L −0.0420% / S +0.0679%	1h	0.09442	+0.028%	$104K	—	100x	as long as short
Bybit XPLUSDT	−0.0291%	4h	0.09434	−0.053%	$44.7M	$52.6M	75x	as long as short
Extended XPL-USD	−0.0152%	1h	0.09432	−0.076%	$596K	$1.1M	25x	as long as short
Paradex XPL-USD-PERP	−0.0124%	8h	0.09452	+0.136%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0091%	4h	0.09434	−0.053%	$30K	$185K	10x	as long as short
OKX XPL-USDT-SWAP	−0.0048%	4h	0.09438	−0.011%	$7.3M	$46.5M	50x	as long as short
Binance XPLUSDT	−0.0032%	4h	0.09433	−0.064%	$43.4M	$95.9M	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	−0.0032%	4h	0.09434	−0.053%	$13.2M	$6.4M	100x	as long as short
Backpack XPL_USDC_PERP	−0.0005%	1h	0.09443	+0.042%	$180K	$171K	10x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−19.793%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09452	+0.137%	$71K	—	150x	as long as short
Gate XPL_USDT	+0.0006%	4h	0.09443	+0.042%	$2.9M	$3.2M	75x	as long as short
Aevo XPL-PERP	+0.0072%	1h	0.09435	−0.042%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09448	+0.093%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09451	+0.124%	$59.9M	$41.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09442	+0.032%	$252K	$361K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09444	+0.050%	$216K	$46K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09444	+0.053%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09445	+0.064%	$8.8M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09438	−0.011%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09453	+0.149%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09447	+0.081%	$258K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09460	+0.222%	$25K	$68K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09455	+0.164%	$124K	$1.2M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09420	−0.201%	$3K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09440	+0.011%	$178	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09448	+0.095%	$134K	$215K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09455	+0.170%	$138K	$5K	10x	as long as short
BloFin XPL-USDT	+0.0208%	4h	0.09439	0.000%	$1.7M	$840K	75x	as long as short
Phoenix XPL	+0.0252%	1h	0.09456	+0.180%	$191K	$435K	10x	as long as short
dYdX XPL-USD	+0.0474%	1h	0.09449	+0.105%	$9K	$1K	5x	as long as short
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09538	+1.049%	$64K	$91K	50x	as long as short
Kraken Futures PF_XPLUSDshort	+0.1352%	1h	0.09461	+0.230%	$554K	$1.0M	10x