XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.21 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.041%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.041%, 7d avg −0.024%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPL-USDT-SWAP	0.09672	0.0057	pay 0.0029% / 4h	2h 20m	$8.4M	$54.9M	50x
Short	Bybit XPLUSDT	0.09668	0.0100	get 0.0050% / 4h	2h 20m	$46.6M	$57.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.041%Rate

Funding earned: $8.97
Price spread: −0.041% → −0.024%: −$1.72
Slippage, 4 orders: −$33.71
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.46
Costs to cover: 0.547%
Break-even: 44.1 days

Slippage from OKX: live order book, 3 min ago; Bybit: 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 OKX live order book, 3 min ago	0.52 bp	14.1 bp −$14	38.9 bp −$389	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.52 bp	15.3 bp −$15	42.5 bp −$425	doesn't fit	doesn't fit

XPL on 35 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	−0.0224%	1h	0.09665	−0.072%	$562	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0199% / S +0.0563%	1h	0.09669	−0.034%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0153%	1h	0.09670	−0.021%	$179K	$244K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0060%	1h	0.09671	−0.010%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09667	−0.051%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.725%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0001%	4h	0.09668	−0.041%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09669	−0.026%	$60K	—	150x	as long as short
OKX XPL-USDT-SWAPlong	+0.0057%	4h	0.09672	long leg	$8.4M	$54.9M	50x
Paradex XPL-USD-PERP	+0.0064%	8h	0.09670	−0.022%	$13K	$2K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09657	−0.155%	$4.4M	$4.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09681	+0.097%	$61.8M	$47.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09670	−0.018%	$246K	$513K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09670	−0.017%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09668	−0.041%	$43.9M	$110.0M	75x	as long as short
Bybit XPLUSDTshort	+0.0100%	4h	0.09668	−0.041%	$46.6M	$57.7M	75x
Bulk XPL-USD	+0.0100%	1h	0.09675	+0.034%	$141K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09667	−0.052%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09668	−0.041%	$12.7M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09660	−0.124%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09668	−0.041%	$8.6M	$11.3M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09663	−0.093%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09664	−0.086%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09673	+0.007%	$264K	$877K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.083%	$25K	$83K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09668	−0.036%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09680	+0.087%	$130K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09650	−0.227%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.021%	$194	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09676	+0.041%	$143K	$258K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09663	−0.091%	$655K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09673	+0.013%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09686	+0.145%	$196K	$657K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09766	+0.972%	$78K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4405%	1h	0.09710	+0.397%	$551K	$1.0M	10x	as long as short