XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0285%/8h= +31.2% APRnext payment +$1.43 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against OKX+0.042%93s7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

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

costs, in and out, $10k−$460.462% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.490%+$49 on $10k

Price spread, last 4 days (all we have)−0.369%−$37 · spread now +0.042%, 7d avg −0.027%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.069% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.027%. The two prices were read 93 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	OKX XPL-USDT-SWAP	0.09573	0.0055	pay 0.0027% / 4h	1h 05m	$8.2M	$51.4M	50x
Short	BloFin XPL-USDT	0.09577	0.0340	get 0.0170% / 4h	1h 05m	$1.7M	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.042%Rate

Funding earned: $59.88
Price spread: +0.042% → −0.027%: $6.9
Slippage, 4 orders: −$24.24
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $20.54
Costs to cover: 0.462%
Break-even: 4.6 days

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 2 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 OKX live order book, 3 min ago	0.52 bp	11.9 bp −$12	39.1 bp −$391	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.52 bp	10.0 bp −$10	17.9 bp −$179	55.6 bp −$5,559	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	−0.0400%	1h	0.09554	−0.198%	$555	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0296%	1h	0.09571	−0.021%	$178K	$224K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0272%	1h	0.09568	−0.052%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0272% / S +0.0590%	1h	0.09570	−0.027%	$105K	—	100x	as long as short
Bybit XPLUSDT	−0.0136%	4h	0.09565	−0.084%	$45.3M	$56.3M	75x	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09566	−0.073%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09578	+0.053%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.917%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09574	+0.011%	$72K	—	150x	as long as short
OKX XPL-USDT-SWAPlong	+0.0055%	4h	0.09573	long leg	$8.2M	$51.4M	50x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0061%	8h	0.09567	−0.060%	$12K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09560	−0.136%	$4.3M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09567	−0.057%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09581	+0.084%	$60.1M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09573	0.000%	$243K	$490K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09570	−0.027%	$218K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09562	−0.120%	$43.3M	$107.3M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09643	+0.736%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09565	−0.084%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09567	−0.063%	$12.4M	$8.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09564	−0.094%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09577	+0.042%	$8.5M	$10.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09569	−0.042%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09560	−0.140%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09596	+0.241%	$263K	$941K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09600	+0.282%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09577	+0.040%	$127K	$2.2M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.240%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.136%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09592	+0.198%	$144K	$254K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09568	−0.057%	$634K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09565	−0.084%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09638	+0.679%	$195K	$629K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09577	+0.042%	$1.7M	$1.0M	75x
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+1.013%	$75K	$87K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3577%	1h	0.09609	+0.376%	$545K	$1.0M	10x	as long as short