XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.3227%/8h= +353.4% APRnext payment +$4.03 per $10,000 · paid last 24h +0.517%

Price spread now: Kraken Futures against Nado+0.470%46s7-day average +0.109% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$890.893% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.420%+$42 on $10k

Price spread, last 4 days (all we have)−0.684%−$68 · spread now +0.470%, 7d avg +0.109%

Together, before fees−0.264%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$97 a day on $10k at the current rate, and Kraken Futures is 0.360% dearer against Nado than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.109%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.420% in total (about 45.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.03 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	Nado XPL-PERP	0.09544	0.0100	pay 0.0012% / 1h	39m 23s	$1.2M	$2.7M	10x
Short	Kraken Futures PF_XPLUSD	0.09588	0.3327	get 0.0416% / 1h	39m 23s	$543K	$975K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Nado. 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 NadobpFee Kraken FuturesbpOrdersPrice spread, now +0.470%Rate

Funding earned: $677.67
Price spread: +0.470% → +0.109%: $36.03
Slippage, 4 orders: −$72.33
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $624.37
Costs to cover: 0.893%
Break-even: 0.6 days

Slippage from Nado: live order book, 4 min ago; Kraken Futures: live order book, 14 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 Nado live order book, 4 min ago	1.57 bp	9.2 bp −$9	21.6 bp −$216	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 14 min ago	29.70 bp	37.0 bp −$37	237.3 bp −$2,373	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
01 Exchange XPLUSD	−0.0344%	1h	0.09528	−0.162%	$554	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0298% / S +0.0607%	1h	0.09549	+0.060%	$105K	—	100x	as long as short
Bybit XPLUSDT	−0.0092%	4h	0.09536	−0.079%	$45.1M	$55.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09547	+0.040%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.672%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09565	+0.225%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09548	+0.048%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0009%	4h	0.09538	−0.058%	$29K	$339K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0039%	1h	0.09564	+0.215%	$178K	$225K	10x	as long as short
Paradex XPL-USD-PERP	+0.0076%	8h	0.09533	−0.107%	$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	0.09543	−0.005%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERPlong	+0.0100%	1h	0.09544	long leg	$1.2M	$2.7M	10x
Hyperliquid XPL	+0.0100%	1h	0.09553	+0.101%	$59.8M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09539	−0.042%	$240K	$463K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09552	+0.091%	$218K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09543	−0.001%	$43.3M	$103.0M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09540	−0.037%	$8.3M	$49.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09530	−0.141%	$139K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09542	−0.016%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09545	+0.016%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09550	+0.068%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09551	+0.079%	$8.5M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09542	−0.016%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09545	+0.013%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09574	+0.316%	$256K	$962K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.278%	$25K	$79K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09553	+0.101%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	+0.068%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.173%	$191	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09579	+0.372%	$140K	$217K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09532	−0.125%	$646K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09562	+0.193%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09570	+0.278%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09555	+0.121%	$1.7M	$981K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09583	+0.414%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSDshort	+0.3327%	1h	0.09588	+0.470%	$543K	$975K	10x