XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0417%/8h= +45.6% APRnext payment +$0.52 per $10,000 · paid last 24h +0.057%

Price spread now: Extended against GMX−0.104%7-day average −0.055% · you buy dearer than you sell

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.104%, 7d avg −0.055%

Together, before fees−0.050%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.049% cheaper against GMX than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.055%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 3 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.052% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 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	GMX XPL/USD [WBTC.b-USDC]	0.09629	L −0.0313% / S +0.0615%	get 0.0039% / 1h	2m 22s	$106K	—	100x
Short	Extended XPL-USD	0.09619	0.0104	get 0.0013% / 1h	2m 22s	$604K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. 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 GMXbpFee ExtendedbpOrdersPrice spread, now −0.104%Rate

Funding earned: $87.49
Price spread: −0.104% → −0.055%: −$4.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $65.56
Costs to cover: 0.170%
Break-even: 1.8 days

Slippage unknown: GMX: no order-book sample; Extended: live order book, 1 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 GMX no order-book sample	—	—	—	—	—
Sell Extended live order book, 1 min ago	0.52 bp	7.7 bp −$8	23.3 bp −$233	doesn't fit	doesn't fit

GMX: 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	−0.1144%	1h	0.09609	−0.207%	$4.3M	$3.2M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]long	L −0.0313% / S +0.0615%	1h	0.09629	long leg	$106K	—	100x
01 Exchange XPLUSD	−0.0312%	1h	0.09620	−0.092%	$559	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0269%	1h	0.09625	−0.041%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0009%	4h	0.09621	−0.082%	$30K	$246K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09630	+0.007%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.374%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09630	+0.014%	$73K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09621	−0.078%	$13K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09621	−0.082%	$1.3M	$2.2M	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	0.09645	+0.167%	$61.0M	$46.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09631	+0.022%	$254K	$420K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09632	+0.036%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09621	−0.085%	$43.8M	$97.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09622	−0.072%	$45.9M	$53.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09620	−0.092%	$7.8M	$47.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09655	+0.271%	$141K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09627	−0.020%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09624	−0.051%	$12.6M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09629	+0.001%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09630	+0.011%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09622	−0.072%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09626	−0.030%	$180K	$187K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09647	+0.186%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09635	+0.068%	$263K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09650	+0.219%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09635	+0.065%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	−0.196%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	−0.092%	$198	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09607	−0.227%	$133K	$213K	20x	as long as short
Extended XPL-USDshort	+0.0104%	1h	0.09619	−0.104%	$604K	$1.2M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09620	−0.087%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09660	+0.323%	$196K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09620	−0.092%	$1.7M	$934K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+0.925%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2835%	1h	0.09657	+0.294%	$548K	$932K	10x	as long as short