XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.3105%/8h= −340.0% APRnext payment −$3.88 per $10,000 · paid last 24h −0.690%

Price spread now: Deribit against Kraken Futures−0.365%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$93 a day on $10k at the current rate, and Deribit is 0.365% cheaper against Kraken Futures than usual: you would sell low and buy high (−$36 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XPLUSD	0.09656	0.2835	pay 0.0354% / 1h	48m 48s	$548K	$954K	10x
Short	Deribit XPL_USDC-PERPETUAL	0.09621	−0.0269	pay 0.0034% / 1h	48m 48s	$46K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now −0.365%Rate

Funding earned: −$652.03
Price spread: −0.365% → 0.000%: −$36.48
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$705.51
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 55 min ago; Deribit: no order-book sample. 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 Kraken Futures live order book, 55 min ago	11.46 bp	22.4 bp −$22	241.4 bp −$2,414	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0824%	1h	0.09608	−0.499%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09621	−0.365%	$559	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09627	−0.305%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUALshort	−0.0269%	1h	0.09621	−0.365%	$46K	$18K	25x
dYdX XPL-USD	0.0000%	1h	0.09627	−0.302%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.596%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0002%	4h	0.09618	−0.396%	$30K	$280K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09628	−0.295%	$73K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0028%	1h	0.09627	−0.303%	$178K	$189K	10x	as long as short
Paradex XPL-USD-PERP	+0.0051%	8h	0.09614	−0.439%	$12K	$696	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	0.09622	−0.354%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09634	−0.226%	$60.9M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09630	−0.267%	$254K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09624	−0.339%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09621	−0.365%	$43.6M	$97.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09621	−0.365%	$45.6M	$52.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09620	−0.375%	$8.0M	$47.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09620	−0.375%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09624	−0.334%	$3.0M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09620	−0.375%	$12.6M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09624	−0.334%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09630	−0.272%	$8.9M	$9.5M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09622	−0.354%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09621	−0.366%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09627	−0.304%	$263K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	−0.272%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09628	−0.289%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09600	−0.582%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	−0.375%	$198	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09612	−0.458%	$133K	$215K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09619	−0.381%	$606K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09615	−0.430%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09625	−0.323%	$195K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09615	−0.427%	$1.7M	$938K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+0.640%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.2835%	1h	0.09656	long leg	$548K	$954K	10x