XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0158%/8h= +17.3% APRnext payment +$0.20 per $10,000 · paid last 24h +0.097%

Price spread now: Phoenix against gTrade (Gains Network)−0.211%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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. Phoenix is 0.211% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.211% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 4.5 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XPL/USD	0.09883	L +0.0005% / S −0.0003%	pay 0.0001% / 1h	27m 22s	$77K	—	150x
Short	Phoenix XPL	0.09862	0.0163	get 0.0020% / 1h	27m 22s	$200K	$655K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now −0.211%Rate

Funding earned: $33.1
Price spread: −0.211% → 0.000%: −$21.12
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$5.02
Costs to cover: 0.170%
Break-even: 8.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 46 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 46 min ago	1.03 bp	14.9 bp −$15	48.2 bp −$482	doesn't fit	doesn't fit

gTrade (Gains Network): 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
GMX XPL/USD [WBTC.b-USDC]	L −0.0166% / S +0.0542%	1h	0.09883	+0.001%	$114K	—	100x	as long as short
01 Exchange XPLUSD	−0.0136%	1h	0.09879	−0.039%	$574	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0054%	1h	0.09881	−0.019%	$47K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0031%	1h	0.09873	−0.100%	$184K	$273K	10x	as long as short
Lighter XPL	−0.0008%	1h	0.09868	−0.150%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09878	−0.048%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−23.398%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDlong	L +0.0005% / S −0.0003%	1h	0.09883	long leg	$77K	—	150x
Orderly PERP_XPL_USDC	+0.0026%	4h	0.09878	−0.049%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0045%	8h	0.09869	−0.136%	$13K	$2K	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	0.09878	−0.049%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09885	+0.018%	$256K	$535K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09875	−0.075%	$225K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09877	−0.059%	$45.2M	$108.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09879	−0.039%	$48.0M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09874	−0.090%	$8.8M	$55.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09880	−0.029%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09880	−0.029%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09877	−0.059%	$13.0M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09883	+0.001%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09884	+0.011%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09879	−0.039%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09857	−0.262%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09872	−0.112%	$261K	$840K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09860	−0.231%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09889	+0.061%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09870	−0.130%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09880	−0.029%	$201	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09845	−0.383%	$143K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09876	−0.068%	$669K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09881	−0.023%	$29K	$18K	3x	as long as short
Phoenix XPLshort	+0.0163%	1h	0.09862	−0.211%	$200K	$655K	10x
Hyperliquid XPL	+0.0237%	1h	0.09896	+0.132%	$64.1M	$47.3M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09873	−0.100%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09903	+0.204%	$74K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5013%	1h	0.09924	+0.419%	$574K	$1.0M	10x	as long as short