XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.014%

Price spread now: Gate against Orderly−0.021%7-day average +0.044% · you buy dearer than you sell

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

Long on Orderly Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.021%, 7d avg +0.044%

Together, before fees+0.231%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.065% cheaper against Orderly than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.044%). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.058% in total) that is about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XPL_USDC	0.09557	0.0009	pay 0.0004% / 4h	3h 00m	$29K	$332K	10x
Short	Gate XPL_USDT	0.09555	0.0100	get 0.0050% / 4h	3h 00m	$3.1M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Orderly. 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 OrderlybpFee GatebpOrdersPrice spread, now −0.021%Rate

Funding earned: $19.12
Price spread: −0.021% → +0.044%: −$6.48
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$8.36
Costs to cover: 0.210%
Break-even: 10.1 days

Slippage unknown: Orderly: no order-book sample; Gate: 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 Gate live order book, 3 min ago	2.09 bp	19.4 bp −$19	133.8 bp −$1,338	doesn't fit	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
01 Exchange XPLUSD	−0.0360%	1h	0.09552	−0.052%	$555	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09561	+0.042%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0168%	1h	0.09561	+0.042%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0077%	1h	0.09563	+0.063%	$174K	$190K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09559	+0.019%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.783%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09563	+0.059%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDClong	+0.0009%	4h	0.09557	long leg	$29K	$332K	10x
Lighter XPL	+0.0016%	1h	0.09546	−0.115%	$4.3M	$3.0M	10x	as long as short
Bybit XPLUSDT	+0.0040%	4h	0.09551	−0.063%	$45.2M	$54.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0052%	8h	0.09551	−0.067%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09568	+0.112%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09561	+0.045%	$60.4M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09561	+0.040%	$249K	$426K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09558	+0.012%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09552	−0.052%	$43.4M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09553	−0.042%	$8.1M	$48.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09601	+0.456%	$140K	$5K	10x	as long as short
Gate XPL_USDTshort	+0.0100%	4h	0.09555	−0.021%	$3.1M	$3.5M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09551	−0.063%	$12.6M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09547	−0.105%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09561	+0.042%	$9.0M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09555	−0.021%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09553	−0.044%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09613	+0.588%	$259K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09610	+0.555%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09571	+0.146%	$127K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09540	−0.178%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.031%	$197	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09611	+0.565%	$141K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09552	−0.048%	$650K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09551	−0.060%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09584	+0.283%	$194K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09563	+0.063%	$1.7M	$945K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09596	+0.408%	$73K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3139%	1h	0.09594	+0.382%	$545K	$988K	10x	as long as short