XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.3327%/8h= −364.3% APRnext payment −$4.16 per $10,000 · paid last 24h −0.548%

Price spread now: dYdX against Kraken Futures−0.080%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 dYdX

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 −$100 a day on $10k at the current rate, and dYdX is 0.080% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 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	0.09588	0.3327	pay 0.0416% / 1h	40m 15s	$543K	$975K	10x
Short	dYdX XPL-USD	0.09581	0	get 0.0000% / 1h	40m 15s	$8K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$698.67
Price spread: −0.080% → 0.000%: −$7.96
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$726.63
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 13 min ago; dYdX: 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, 13 min ago	29.70 bp	36.0 bp −$36	379.0 bp −$3,790	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
01 Exchange XPLUSD	−0.0336%	1h	0.09574	−0.149%	$557	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0297% / S +0.0606%	1h	0.09575	−0.142%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0093%	4h	0.09557	−0.327%	$45.2M	$55.1M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0005%	1h	0.09570	−0.191%	$178K	$225K	10x	as long as short
dYdX XPL-USDshort	0.0000%	1h	0.09581	−0.080%	$8K	—	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.043%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09565	−0.243%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09569	−0.203%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0007%	4h	0.09562	−0.274%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0075%	8h	0.09578	−0.104%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09550	−0.400%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09582	−0.066%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09591	+0.027%	$60.1M	$47.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09583	−0.055%	$241K	$463K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09583	−0.053%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09565	−0.241%	$43.4M	$103.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09565	−0.243%	$8.3M	$49.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09530	−0.608%	$139K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09580	−0.087%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09578	−0.108%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09566	−0.233%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09568	−0.212%	$8.5M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09565	−0.243%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09545	−0.454%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09530	−0.608%	$253K	$955K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09520	−0.712%	$25K	$79K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09587	−0.018%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.400%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.295%	$191	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09579	−0.097%	$140K	$217K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09562	−0.277%	$646K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09562	−0.275%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09570	−0.191%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09555	−0.347%	$1.7M	$981K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09583	−0.055%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.3327%	1h	0.09588	long leg	$543K	$975K	10x