XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0314%/8h= +34.4% APRnext payment +$1.57 per $10,000 · paid last 24h +0.088%

Price spread now: BloFin against Orderly+0.112%112s7-day average +0.022% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.653%+$65 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.112%, 7d avg +0.022%

Together, before fees+0.567%+$57 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 0.090% dearer against Orderly than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.022%. The two prices were read 112 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	Orderly PERP_XPL_USDC	0.09852	0.0026	pay 0.0013% / 4h	3h 29m	$30K	$335K	10x
Short	BloFin XPL-USDT	0.09863	0.0340	get 0.0170% / 4h	3h 29m	$1.8M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee BloFinbpOrdersPrice spread, now +0.112%Rate

Funding earned: $65.89
Price spread: +0.112% → +0.022%: $8.97
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $56.85
Costs to cover: 0.180%
Break-even: 1.0 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 3 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	4.07 bp	11.2 bp −$11	23.7 bp −$237	66.8 bp −$6,681	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit XPL_USDC-PERPETUAL	−0.0562%	1h	0.09842	−0.102%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0165% / S +0.0541%	1h	0.09856	+0.043%	$113K	—	100x	as long as short
01 Exchange XPLUSD	−0.0128%	1h	0.09849	−0.030%	$573	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0067%	1h	0.09845	−0.071%	$184K	$273K	10x	as long as short
Lighter XPL	−0.0040%	1h	0.09844	−0.081%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09859	+0.073%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−23.158%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09855	+0.026%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDClong	+0.0026%	4h	0.09852	long leg	$30K	$335K	10x
Paradex XPL-USD-PERP	+0.0045%	8h	0.09857	+0.050%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09838	−0.140%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09859	+0.068%	$255K	$534K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09858	+0.063%	$224K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09852	0.000%	$45.0M	$108.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09852	0.000%	$47.9M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09851	−0.010%	$8.7M	$55.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09765	−0.881%	$142K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09848	−0.041%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09849	−0.030%	$13.0M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09851	−0.010%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09851	−0.010%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09849	−0.030%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09857	+0.050%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09872	+0.201%	$261K	$840K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	−0.122%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09850	−0.015%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09830	−0.223%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09840	−0.122%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09841	−0.112%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09847	−0.052%	$669K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09846	−0.060%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09844	−0.081%	$199K	$655K	10x	as long as short
Hyperliquid XPL	+0.0246%	1h	0.09855	+0.027%	$63.8M	$47.3M	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09863	+0.112%	$1.8M	$1.2M	75x
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09864	+0.122%	$73K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5031%	1h	0.09889	+0.375%	$572K	$1.0M	10x	as long as short