XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2635%/8h= −288.5% APRnext payment −$3.29 per $10,000 · paid last 24h −0.652%

Price spread now: Pacifica against Kraken Futures−0.607%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1451.445% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.418%−$42 on $10k

Price spread, last 4 days (all we have)+0.703%+$70 · spread now −0.607%, 7d avg −0.069%

Together, before fees+0.285%+ Points / potential airdropPacifica: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$79 a day on $10k at the current rate, and Pacifica is 0.537% cheaper against Kraken Futures than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.418% in total (about -21.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.29 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	0.09593	0.2735	pay 0.0342% / 1h	20m 22s	$542K	$937K	10x
Short	Pacifica XPL	0.09534	0.0100	get 0.0013% / 1h	20m 22s	$218K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.607%Rate

Funding earned: −$553.28
Price spread: −0.607% → −0.069%: −$53.71
Slippage, 4 orders: −$126.52
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$751.51
Costs to cover: 1.445%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 13 min ago; Pacifica: live order book, 18 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, 13 min ago	28.69 bp	33.8 bp −$34	410.9 bp −$4,109	doesn't fit	doesn't fit
Sell Pacifica live order book, 18 min ago	10.47 bp	25.8 bp −$26	doesn't fit	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
Lighter XPL	−0.1464%	1h	0.09512	−0.841%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0520%	1h	0.09527	−0.685%	$554	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0275%	1h	0.09521	−0.747%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09526	−0.693%	$105K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0043%	8h	0.09529	−0.665%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0028%	4h	0.09536	−0.591%	$30K	$283K	10x	as long as short
Bybit XPLUSDT	−0.0024%	4h	0.09536	−0.591%	$45.4M	$54.0M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09530	−0.658%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.078%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09528	−0.678%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPL-USD	+0.0056%	1h	0.09529	−0.664%	$598K	$1.2M	25x	as long as short
OKX XPL-USDT-SWAP	+0.0060%	4h	0.09537	−0.580%	$7.7M	$47.7M	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09529	−0.664%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09551	−0.440%	$60.3M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09545	−0.496%	$252K	$419K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09534	−0.607%	$218K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09537	−0.580%	$43.1M	$97.9M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09548	−0.464%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09536	−0.591%	$2.9M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09534	−0.612%	$12.4M	$6.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09531	−0.643%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09546	−0.487%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09537	−0.580%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09526	−0.695%	$178K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09516	−0.801%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09517	−0.784%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09530	−0.653%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09547	−0.476%	$125K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.862%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09520	−0.758%	$193	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09524	−0.716%	$131K	$212K	20x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09540	−0.549%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09543	−0.518%	$193K	$495K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09519	−0.768%	$1.7M	$921K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09620	+0.285%	$65K	$92K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.2735%	1h	0.09593	long leg	$542K	$937K	10x