XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h −0.125%

Price spread now: Lighter against GMX+0.069%7-day average −0.075% · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.290%−$29 on $10k

Price spread, last 3 days (all we have)−0.219%−$22 · spread now +0.069%, 7d avg −0.075%

Together, before fees−0.509%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.144% dearer against GMX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.075%. Mind the row above: over the last 3 days funding on this pair cost −0.290%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XPL/USD [WBTC.b-USDC]	0.09856	L −0.0165% / S +0.0541%	get 0.0021% / 1h	28m 45s	$113K	—	100x
Short	Lighter XPL	0.09863	−0.0040	pay 0.0005% / 1h	28m 45s	$4.5M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.069%Rate

Funding earned: $26.18
Price spread: +0.069% → −0.075%: $14.39
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $28.57
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 4 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 Lighter live order book, 4 min ago	4.07 bp	11.5 bp −$11	32.9 bp −$329	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
Deribit XPL_USDC-PERPETUAL	−0.0257%	1h	0.09853	−0.032%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]long	L −0.0165% / S +0.0541%	1h	0.09856	long leg	$113K	—	100x
01 Exchange XPLUSD	−0.0128%	1h	0.09849	−0.073%	$573	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0054%	1h	0.09853	−0.032%	$184K	$272K	10x	as long as short
Lighter XPLshort	−0.0040%	1h	0.09863	+0.069%	$4.5M	$4.2M	10x
dYdX XPL-USD	0.0000%	1h	0.09870	+0.139%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−23.191%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09855	−0.017%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0026%	4h	0.09852	−0.043%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0044%	8h	0.09878	+0.226%	$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	0.09838	−0.182%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09852	−0.043%	$255K	$534K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09881	+0.251%	$225K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09878	+0.218%	$45.2M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09886	+0.302%	$48.0M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09878	+0.221%	$8.7M	$55.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09765	−0.923%	$142K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09847	−0.093%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09870	+0.140%	$13.0M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09873	+0.170%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09886	+0.302%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09881	+0.252%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09857	+0.008%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09872	+0.158%	$261K	$840K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	−0.164%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09850	−0.058%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09830	−0.266%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09850	−0.063%	$195	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09841	−0.154%	$143K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09878	+0.225%	$669K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09851	−0.050%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09844	−0.124%	$199K	$655K	10x	as long as short
Hyperliquid XPL	+0.0242%	1h	0.09891	+0.350%	$64.0M	$47.3M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09853	−0.032%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09864	+0.079%	$73K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5026%	1h	0.09898	+0.422%	$572K	$1.0M	10x	as long as short