XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0242%/8h= +26.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.044%

Price spread now: Phoenix against Nado+0.205%57s7-day average +0.156% · 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−$430.430% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.274%+$27 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.205%, 7d avg +0.156%

Together, before fees+0.294%+ Points / potential airdropNado: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.049% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.156%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09274	0.0100	pay 0.0012% / 1h	8m 12s	$1.2M	$1.9M	10x
Short	Phoenix XPL	0.09293	0.0342	get 0.0043% / 1h	8m 12s	$189K	$124K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.205%Rate

Funding earned: $50.84
Price spread: +0.205% → +0.156%: $4.87
Slippage, 4 orders: −$29.02
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $12.69
Costs to cover: 0.430%
Break-even: 5.3 days

Slippage from Nado: live order book, 4 min ago; Phoenix: live order book, 55 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	1.62 bp	6.1 bp −$6	16.6 bp −$166	doesn't fit	doesn't fit
Sell Phoenix live order book, 55 min ago	1.07 bp	14.6 bp −$15	48.5 bp −$485	doesn't fit	doesn't fit

XPL on 36 exchanges

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
Coinbase International XPL-PERP-INTX	−0.0384%	1h	0.09371	+1.046%	$60K	$92K	50x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0281% / S +0.0620%	1h	0.09281	+0.071%	$109K	—	100x	as long as short
01 Exchange XPLUSD	−0.0096%	1h	0.09274	0.000%	$539	$296	5x	as long as short
Orderly PERP_XPL_USDC	−0.0007%	4h	0.09273	−0.011%	$29K	$53K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09282	+0.081%	$9K	$1K	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−18.366%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09276	+0.022%	$46K	$6K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S +0.0001%	1h	0.09280	+0.061%	$30K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0087%	8h	0.09274	+0.005%	$12K	—	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09269	−0.054%	$4.2M	$1.6M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERPlong	+0.0100%	1h	0.09274	long leg	$1.2M	$1.9M	10x
Aster XPLUSDT	+0.0100%	4h	0.09272	−0.022%	$226K	$265K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09279	+0.055%	$197K	$60K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09269	−0.050%	$43.3M	$77.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09271	−0.032%	$42.5M	$44.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09275	+0.011%	$7.3M	$40.7M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09278	+0.043%	$2.8M	$2.2M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09270	−0.043%	$13.8M	$4.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09278	+0.043%	$2.1M	$1.1M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09282	+0.086%	$8.7M	$7.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09273	−0.011%	—	$8.1M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09279	+0.054%	$161K	$152K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09271	−0.030%	$2.0M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09278	+0.042%	$252K	$842K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09290	+0.173%	$37K	$67K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09276	+0.026%	$29K	$384K	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09260	−0.151%	$2K	$940K	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09270	−0.043%	$102	$8K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09275	+0.011%	$127K	$204K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09264	−0.102%	$135K	$2K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09272	−0.019%	$640K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09282	+0.086%	$28K	$18K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09266	−0.086%	$1.8M	$748K	75x	as long as short
Phoenix XPLshort	+0.0342%	1h	0.09293	+0.205%	$189K	$124K	10x
Hyperliquid XPL	+0.0399%	1h	0.09287	+0.140%	$62.3M	$30.3M	10x	as long as short
Kraken Futures PF_XPLUSD	+0.0558%	1h	0.09286	+0.134%	$557K	$734K	10x	as long as short