XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0468%/8h= +51.2% APRnext payment +$0.58 per $10,000 · paid last 24h +0.202%

Price spread now: Coinbase International against Pacifica+0.153%7-day average +0.678% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)+0.459%+$46 · spread now +0.153%, 7d avg +0.678%

Together, before fees+0.433%+ Points / potential airdropPacifica: Active · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.525% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.153% now, against its 7-day average of +0.678%). If the spread goes back, that is −$52 on $10k: about 3.7 days of funding at the current rate (+$14 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09810	0.0100	pay 0.0013% / 1h	50m 12s	$223K	$46K	10x
Short	Coinbase International XPL-PERP-INTX	0.09825	0.0568	get 0.0071% / 1h	50m 12s	$72K	$97K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Pacifica. 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 PacificabpFee Coinbase InternationalbpOrdersPrice spread, now +0.153%Rate

Funding earned: $98.28
Price spread: +0.153% → +0.678%: −$52.49
Slippage, 4 orders: −$71.23
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$43.44
Costs to cover: 0.892%
Break-even: 10.1 days

Slippage from Pacifica: live order book, 28 min ago; Coinbase International: live order book, 27 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 Pacifica live order book, 28 min ago	10.29 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 27 min ago	17.51 bp	23.4 bp −$23	166.8 bp −$1,668	doesn't fit	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
Lighter XPL	−0.0352%	1h	0.09793	−0.173%	$4.4M	$4.1M	10x	as long as short
01 Exchange XPLUSD	−0.0256%	1h	0.09805	−0.051%	$570	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0125% / S +0.0515%	1h	0.09810	+0.005%	$113K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0056%	1h	0.09808	−0.020%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09809	−0.013%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.829%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09810	+0.002%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0064%	4h	0.09804	−0.061%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0082%	8h	0.09801	−0.097%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09805	−0.051%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09821	+0.113%	$63.5M	$47.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09812	+0.018%	$254K	$527K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09810	long leg	$223K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09803	−0.071%	$44.4M	$107.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09805	−0.051%	$48.1M	$55.0M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09801	−0.092%	$8.9M	$54.6M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09809	−0.010%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09804	−0.061%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09797	−0.133%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09813	+0.031%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09804	−0.061%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09811	+0.010%	$178K	$279K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09800	−0.099%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09812	+0.018%	$261K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09820	+0.102%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09817	+0.070%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09790	−0.204%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09800	−0.102%	$451	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09801	−0.092%	$139K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09800	−0.103%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09803	−0.070%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09806	−0.046%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09824	+0.143%	$199K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09799	−0.112%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0568%	1h	0.09825	+0.153%	$72K	$97K	50x
Kraken Futures PF_XPLUSD	+0.5066%	1h	0.09855	+0.458%	$567K	$1.0M	10x	as long as short