XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0251%/8h= +27.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.092%

Price spread now: Phoenix against dYdX+0.536%46s7-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 Phoenix

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

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.536% dearer against dYdX than usual: you sell high and buy low: +$54 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XPL-USD	0.09607	0	get 0.0000% / 1h	56m 02s	$9K	$600	5x
Short	Phoenix XPL	0.09658	0.0251	get 0.0031% / 1h	56m 02s	$195K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.536%Rate

Funding earned: $52.64
Price spread: +0.536% → 0.000%: $53.57
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $89.21
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Phoenix: live order book, 37 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 Phoenix live order book, 37 min ago	1.05 bp	15.1 bp −$15	48.4 bp −$484	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	−0.1032%	1h	0.09576	−0.318%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0568%	1h	0.09578	−0.297%	$557	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0479%	1h	0.09589	−0.183%	$46K	$16K	25x	as long as short
Bybit XPLUSDT	−0.0402%	4h	0.09582	−0.255%	$45.4M	$54.0M	75x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0335% / S +0.0629%	1h	0.09593	−0.137%	$106K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0137%	8h	0.09601	−0.058%	$12K	$696	5x	as long as short
OKX XPL-USDT-SWAP	−0.0097%	4h	0.09585	−0.224%	$7.7M	$47.6M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0038%	4h	0.09585	−0.224%	$30K	$220K	10x	as long as short
Extended XPL-USD	−0.0032%	1h	0.09585	−0.222%	$610K	$1.2M	25x	as long as short
dYdX XPL-USDlong	0.0000%	1h	0.09607	long leg	$9K	$600	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.192%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09656	+0.511%	$73K	—	150x	as long as short
MEXC XPL_USDT	+0.0074%	4h	0.09589	−0.183%	$13.4M	$6.4M	100x	as long as short
Binance XPLUSDT	+0.0075%	4h	0.09581	−0.266%	$44.0M	$97.7M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09592	−0.146%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09609	+0.031%	$61.0M	$45.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09594	−0.126%	$254K	$395K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09606	−0.008%	$219K	$47K	10x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09621	+0.150%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09593	−0.141%	$3.0M	$3.3M	75x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09586	−0.214%	$2.4M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09598	−0.089%	$9.0M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09592	−0.151%	—	$7.7M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09594	−0.131%	$182K	$173K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09635	+0.293%	$1.8M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09649	+0.447%	$259K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09650	+0.452%	$25K	$73K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09598	−0.089%	$126K	$1.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09570	−0.380%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09590	−0.172%	$183	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09609	+0.026%	$133K	$215K	20x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09573	−0.351%	$28K	$18K	3x	as long as short
Phoenix XPLshort	+0.0251%	1h	0.09658	+0.536%	$195K	$468K	10x
BloFin XPL-USDT	+0.0299%	4h	0.09614	+0.078%	$1.7M	$934K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0648%	1h	0.09736	+1.348%	$65K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1834%	1h	0.09617	+0.113%	$546K	$980K	10x	as long as short