XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0381%/8h= −41.7% APRnext payment −$0.48 per $10,000 · paid last 24h −0.042%

Price spread now: Deribit against dYdX+0.299%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.299% dearer against dYdX than usual: you sell high and buy low (spread +0.299% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XPL-USD	0.09482	0	get 0.0000% / 1h	33m 44s	$9K	$600	5x
Short	Deribit XPL_USDC-PERPETUAL	0.09510	−0.0381	pay 0.0048% / 1h	33m 44s	$46K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.299%Rate

Funding earned: −$79.91
Price spread: +0.299% → 0.000%: $29.92
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$66.99
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample	—	—	—	—	—

dYdX and 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
Lighter XPL	−0.1248%	1h	0.09466	−0.165%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0416%	1h	0.09469	−0.133%	$551	$873	5x	as long as short
Bybit XPLUSDT	−0.0383%	4h	0.09475	−0.070%	$45.0M	$54.3M	75x	as long as short
Deribit XPL_USDC-PERPETUALshort	−0.0381%	1h	0.09510	+0.299%	$46K	$18K	25x
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09504	+0.237%	$105K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0113%	8h	0.09467	−0.149%	$12K	$696	5x	as long as short
Gate XPL_USDT	−0.0074%	4h	0.09477	−0.049%	$2.9M	$3.3M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0059%	1h	0.09502	+0.215%	$178K	$180K	10x	as long as short
OKX XPL-USDT-SWAP	−0.0034%	4h	0.09468	−0.144%	$7.6M	$47.2M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0027%	4h	0.09510	+0.299%	$30K	$254K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XPL-USDlong	0.0000%	1h	0.09482	long leg	$9K	$600	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.153%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09506	+0.256%	$72K	—	150x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09514	+0.338%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09488	+0.071%	$60.0M	$45.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09486	+0.050%	$251K	$402K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09486	+0.050%	$217K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09474	−0.082%	$43.2M	$98.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09510	+0.299%	$139K	$0	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09477	−0.049%	$12.4M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09472	−0.102%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09478	−0.038%	$8.9M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09472	−0.102%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09502	+0.214%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09509	+0.288%	$254K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09510	+0.299%	$25K	$73K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09505	+0.246%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09480	−0.017%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09500	+0.194%	$186	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09500	+0.194%	$131K	$212K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09473	−0.093%	$585K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09516	+0.368%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09520	+0.405%	$193K	$494K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09495	+0.141%	$1.7M	$928K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+1.206%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2721%	1h	0.09532	+0.530%	$541K	$957K	10x	as long as short