XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.047%

Price spread now: Hyperliquid against Extended+0.153%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.153%, 7d avg +0.146%

Together, before fees+0.042%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPL-USD	0.09586	0.0104	pay 0.0013% / 1h	40m 08s	$632K	$1.1M	25x
Short	Hyperliquid XPL	0.09601	0.0100	get 0.0013% / 1h	40m 08s	$60.3M	$48.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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 ExtendedbpFee HyperliquidbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$0.84
Price spread: +0.153% → +0.146%: $0.71
Slippage, 4 orders: −$19.03
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$33.17
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Hyperliquid: live order book, 3 min ago.

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 Extended live order book, 3 min ago	1.56 bp	8.6 bp −$9	22.8 bp −$228	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.94 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit

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	−0.0604%	1h	0.09592	+0.060%	$181K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09589	+0.029%	$558	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0248% / S +0.0576%	1h	0.09592	+0.065%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0167%	1h	0.09592	+0.060%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09589	+0.029%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09605	+0.192%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.024%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09593	+0.073%	$72K	—	150x	as long as short
Lighter XPL	+0.0032%	1h	0.09580	−0.065%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0034%	4h	0.09589	+0.029%	$8.3M	$53.1M	50x	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	+0.0052%	8h	0.09608	+0.225%	$12K	$2K	5x	as long as short
Gate XPL_USDT	+0.0086%	4h	0.09594	+0.081%	$2.9M	$3.7M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09599	+0.128%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPLshort	+0.0100%	1h	0.09601	+0.153%	$60.3M	$48.2M	10x
Aster XPLUSDT	+0.0100%	4h	0.09605	+0.193%	$244K	$500K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09605	+0.191%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09588	+0.018%	$43.4M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09579	−0.076%	$45.4M	$56.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.482%	$139K	$7K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09589	+0.029%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09583	−0.034%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09597	+0.112%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09587	+0.008%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09587	+0.004%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09616	+0.308%	$260K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	+0.352%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09607	+0.219%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09580	−0.065%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09590	+0.039%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09580	−0.065%	$144K	$264K	20x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09586	long leg	$632K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09590	+0.039%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	−0.138%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09603	+0.175%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.561%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3569%	1h	0.09631	+0.471%	$546K	$1.0M	10x	as long as short