XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.2729%/8h= +298.9% APRnext payment +$3.41 per $10,000 · paid last 24h +0.624%

Price spread now: Kraken Futures against Extended+0.395%7-day average +0.141% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$640.638% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.413%+$41 on $10k

Price spread, last 4 days (all we have)−0.495%−$50 · spread now +0.395%, 7d avg +0.141%

Together, before fees−0.082%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$82 a day on $10k at the current rate, and Kraken Futures is 0.254% dearer against Extended than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.141%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.413% in total (about 21.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPL-USD	0.09625	0.0104	pay 0.0013% / 1h	50m 11s	$606K	$1.2M	25x
Short	Kraken Futures PF_XPLUSD	0.09663	0.2833	get 0.0354% / 1h	50m 11s	$549K	$954K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.395%Rate

Funding earned: $573.16
Price spread: +0.395% → +0.141%: $25.37
Slippage, 4 orders: −$48.82
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $534.71
Costs to cover: 0.638%
Break-even: 0.5 days

Slippage from Extended: live order book, 3 min ago; Kraken Futures: live order book, 53 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	0.52 bp	4.3 bp −$4	21.4 bp −$214	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 53 min ago	11.46 bp	29.6 bp −$30	508.4 bp −$5,084	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
Lighter XPL	−0.0568%	1h	0.09619	−0.067%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0456%	1h	0.09629	+0.037%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09636	+0.108%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0269%	1h	0.09631	+0.058%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0023%	1h	0.09636	+0.110%	$178K	$190K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09628	+0.030%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.346%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0002%	4h	0.09627	+0.016%	$30K	$280K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09636	+0.105%	$73K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0052%	8h	0.09628	+0.024%	$13K	$696	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09622	−0.036%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09645	+0.208%	$60.9M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09636	+0.113%	$254K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09630	+0.047%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09627	+0.013%	$43.6M	$97.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09621	−0.046%	$45.6M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09619	−0.067%	$8.0M	$48.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09620	−0.057%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09631	+0.058%	$3.1M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09632	+0.068%	$12.6M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09623	−0.025%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09641	+0.162%	$8.9M	$9.5M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09632	+0.068%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09621	−0.047%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09624	−0.012%	$255K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+0.047%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09640	+0.152%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	−0.160%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	+0.047%	$202	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09612	−0.140%	$133K	$215K	20x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09625	long leg	$606K	$1.2M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09625	−0.008%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09625	−0.005%	$195K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09605	−0.212%	$1.7M	$937K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+0.962%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSDshort	+0.2833%	1h	0.09663	+0.395%	$549K	$954K	10x