XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Gate+0.072%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.640%+$64 on $10k

Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.072%, 7d avg −0.024%

Together, before fees+0.487%+$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.096% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09762	0.0100	pay 0.0050% / 4h	42m 40s	$3.0M	$4.0M	75x
Short	BloFin XPL-USDT	0.09769	0.0340	get 0.0170% / 4h	42m 40s	$1.8M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.072%Rate

Funding earned: $50.4
Price spread: +0.072% → −0.024%: $9.57
Slippage, 4 orders: −$43.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.45
Costs to cover: 0.704%
Break-even: 8.5 days

Slippage from Gate: live order book, 6 min ago; BloFin: live order book, 5 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 Gate live order book, 6 min ago	3.57 bp	30.4 bp −$30	152.9 bp −$1,529	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	1.02 bp	8.7 bp −$9	13.1 bp −$131	44.3 bp −$4,434	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	−0.0632%	1h	0.09751	−0.113%	$4.4M	$4.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0465%	1h	0.09777	+0.154%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0328%	1h	0.09746	−0.164%	$567	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0129% / S +0.0517%	1h	0.09787	+0.252%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09771	+0.089%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.451%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09788	+0.270%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0047%	8h	0.09763	+0.006%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0060%	4h	0.09779	+0.174%	$29K	$335K	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09780	+0.179%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09785	+0.234%	$63.3M	$48.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09779	+0.175%	$253K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09770	+0.082%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09760	−0.020%	$44.3M	$107.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09762	0.000%	$47.8M	$55.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09760	−0.020%	$8.9M	$54.4M	50x	as long as short
Gate XPL_USDTlong	+0.0100%	4h	0.09762	long leg	$3.0M	$4.0M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09761	−0.010%	$12.7M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09771	+0.092%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09768	+0.061%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09760	−0.020%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09779	+0.174%	$180K	$280K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09803	+0.423%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09781	+0.197%	$262K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09790	+0.287%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09792	+0.304%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09760	−0.020%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09770	+0.082%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09770	+0.082%	$139K	$241K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09800	+0.389%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09756	−0.058%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09778	+0.165%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09796	+0.348%	$198K	$651K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09769	+0.072%	$1.8M	$1.2M	75x
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+0.645%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5077%	1h	0.09833	+0.731%	$566K	$1.0M	10x	as long as short