XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.017%

Price spread now: Backpack against dYdX−0.076%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Backpack is 0.076% cheaper against dYdX than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XPL-USD	0.09569	0	get 0.0000% / 1h	34m 14s	$9K	$600	5x
Short	Backpack XPL_USDC_PERP	0.09562	0.0100	get 0.0013% / 1h	34m 14s	$176K	$188K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now −0.076%Rate

Funding earned: $21
Price spread: −0.076% → 0.000%: −$7.61
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$6.61
Costs to cover: 0.200%
Break-even: 9.2 days

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 9 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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 9 min ago	1.04 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit

dYdX: 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
Lighter XPL	−0.1136%	1h	0.09552	−0.181%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09558	−0.118%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09564	−0.050%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0273%	1h	0.09563	−0.066%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0002%	4h	0.09560	−0.097%	$30K	$267K	10x	as long as short
dYdX XPL-USDlong	0.0000%	1h	0.09569	long leg	$9K	$600	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.887%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09568	−0.015%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0055%	8h	0.09562	−0.077%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09559	−0.107%	$1.2M	$2.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09570	+0.009%	$60.4M	$46.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09570	+0.013%	$253K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09570	+0.008%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09564	−0.055%	$43.3M	$97.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09564	−0.055%	$45.6M	$53.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09569	−0.003%	$7.9M	$47.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09595	+0.269%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09562	−0.076%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09565	−0.045%	$12.5M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09566	−0.034%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09569	−0.003%	$8.8M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09560	−0.097%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERPshort	+0.0100%	1h	0.09562	−0.076%	$176K	$188K	10x
Variational Omni XPL	+0.0100%	4h	0.09540	−0.308%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09580	+0.112%	$256K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09590	+0.217%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09570	+0.006%	$125K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.201%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.097%	$201	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09556	−0.139%	$132K	$215K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09558	−0.120%	$602K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09561	−0.082%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09570	+0.008%	$194K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09556	−0.139%	$1.7M	$931K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+1.554%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2855%	1h	0.09591	+0.225%	$543K	$933K	10x	as long as short