XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.047%

Price spread now: Extended against Hyperliquid−0.136%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.136%, 7d avg −0.146%

Together, before fees−0.059%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XPL	0.09601	0.0100	pay 0.0013% / 1h	39m 58s	$60.3M	$48.2M	10x
Short	Extended XPL-USD	0.09588	0.0104	get 0.0013% / 1h	39m 58s	$632K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0.84
Price spread: −0.136% → −0.146%: $0.98
Slippage, 4 orders: −$19.03
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.21
Costs to cover: 0.330%
Break-even: 267.1 days

Slippage from Hyperliquid: live order book, 4 min ago; Extended: live order book, 3 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 Hyperliquid live order book, 4 min ago	0.94 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	1.56 bp	8.9 bp −$9	19.5 bp −$195	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
Backpack XPL_USDC_PERP	−0.0604%	1h	0.09592	−0.093%	$181K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09589	−0.124%	$558	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0248% / S +0.0576%	1h	0.09592	−0.087%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0167%	1h	0.09592	−0.093%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09589	−0.124%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09605	+0.039%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.145%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09593	−0.079%	$72K	—	150x	as long as short
Lighter XPL	+0.0032%	1h	0.09580	−0.218%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0034%	4h	0.09588	−0.134%	$8.3M	$53.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0052%	8h	0.09608	+0.072%	$12K	$2K	5x	as long as short
Gate XPL_USDT	+0.0086%	4h	0.09594	−0.072%	$2.9M	$3.7M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09599	−0.025%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPLlong	+0.0100%	1h	0.09601	long leg	$60.3M	$48.2M	10x
Aster XPLUSDT	+0.0100%	4h	0.09599	−0.017%	$244K	$500K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09605	+0.039%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09587	−0.144%	$43.4M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09581	−0.207%	$45.5M	$56.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.634%	$139K	$7K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09589	−0.124%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09579	−0.228%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09596	−0.051%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09587	−0.145%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09587	−0.149%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09616	+0.155%	$260K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	+0.199%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09607	+0.067%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09580	−0.218%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09590	−0.114%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09580	−0.218%	$144K	$264K	20x	as long as short
Extended XPL-USDshort	+0.0104%	1h	0.09588	−0.136%	$632K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09590	−0.114%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	−0.291%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09603	+0.022%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.407%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3569%	1h	0.09631	+0.318%	$546K	$1.0M	10x	as long as short