XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.4489%/8h= −491.5% APRnext payment −$5.61 per $10,000 · paid last 24h −0.287%

Price spread now: Nado against Kraken Futures−0.445%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1161.162% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.143%−$14 on $10k

Price spread, last 3 days (all we have)+0.577%+$58 · spread now −0.445%, 7d avg −0.081%

Together, before fees+0.435%+ Points / potential airdropNado: Active · farm board+$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$135 a day on $10k at the current rate, and Nado is 0.364% cheaper against Kraken Futures than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.143% in total (about -16.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.61 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	Kraken Futures PF_XPLUSD	0.09783	0.4589	pay 0.0574% / 1h	44m 39s	$515K	$952K	10x
Short	Nado XPL-PERP	0.09739	0.0100	get 0.0013% / 1h	44m 39s	$1.4M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.445%Rate

Funding earned: −$942.62
Price spread: −0.445% → −0.081%: −$36.44
Slippage, 4 orders: −$99.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$1,095.22
Costs to cover: 1.162%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 39 min ago; Nado: live order book, 4 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 Kraken Futures live order book, 39 min ago	28.43 bp	51.1 bp −$51	3766.9 bp −$37.7K	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	1.54 bp	8.8 bp −$9	18.6 bp −$186	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	−0.0357%	1h	0.09739	−0.450%	$177K	$281K	10x	as long as short
01 Exchange XPLUSD	−0.0216%	1h	0.09732	−0.522%	$566	$708	5x	as long as short
Lighter XPL	−0.0184%	1h	0.09721	−0.634%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0098% / S +0.0498%	1h	0.09741	−0.435%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09741	−0.435%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.613%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09739	−0.450%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09744	−0.395%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0078%	4h	0.09738	−0.460%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0090%	8h	0.09726	−0.588%	$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
Hyperliquid XPL	+0.0100%	1h	0.09750	−0.333%	$62.8M	$47.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09737	−0.470%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09738	−0.455%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09734	−0.496%	$43.7M	$106.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09735	−0.491%	$47.4M	$53.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09733	−0.512%	$8.9M	$53.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09695	−0.900%	$140K	$8K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09732	−0.522%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09734	−0.501%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09738	−0.460%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09742	−0.420%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09733	−0.512%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09719	−0.659%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09719	−0.658%	$261K	$789K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	−0.644%	$25K	$87K	50x	as long as short
Nado XPL-PERPshort	+0.0100%	1h	0.09739	−0.445%	$1.4M	$2.7M	10x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09749	−0.350%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09730	−0.542%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09740	−0.440%	$206	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09714	−0.706%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09733	−0.510%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09741	−0.432%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09739	−0.450%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09751	−0.328%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09734	−0.501%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.4589%	1h	0.09783	long leg	$515K	$952K	10x