XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h +0.048%

Price spread now: Hyperliquid against Pacifica+0.145%7-day average +0.099% · you sell dearer than you buy

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

Long on Pacifica Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.145%, 7d avg +0.099%

Together, before fees+0.032%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.045% dearer against Pacifica than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09745	0.0100	pay 0.0013% / 1h	53m 44s	$222K	$46K	10x
Short	Hyperliquid XPL	0.09759	0.0109	get 0.0014% / 1h	53m 44s	$62.9M	$47.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.145%Rate

Funding earned: $1.86
Price spread: +0.145% → +0.099%: $4.54
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$10.59
Costs to cover: 0.170%
Break-even: 46.8 days

Slippage unknown: Pacifica: live order book, 29 min ago; Hyperliquid: live order book, 10 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 Pacifica live order book, 29 min ago	5.10 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.05 bp	doesn't fit	doesn't fit	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
Deribit XPL_USDC-PERPETUAL	−0.0467%	1h	0.09751	+0.062%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0112%	1h	0.09758	+0.133%	$567	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0094% / S +0.0495%	1h	0.09760	+0.158%	$112K	—	100x	as long as short
Lighter XPL	−0.0056%	1h	0.09729	−0.164%	$4.4M	$4.1M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09751	+0.062%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.312%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09758	+0.138%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09752	+0.072%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0090%	8h	0.09735	−0.107%	$13K	$2K	5x	as long as short
Backpack XPL_USDC_PERP	+0.0093%	1h	0.09754	+0.092%	$178K	$281K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPLUSDT	+0.0100%	4h	0.09752	+0.075%	$252K	$527K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09745	long leg	$222K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09733	−0.122%	$43.7M	$105.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09737	−0.082%	$47.6M	$53.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09730	−0.154%	$9.0M	$53.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	−0.460%	$140K	$10K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09743	−0.021%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09743	−0.021%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09736	−0.092%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09736	−0.092%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09727	−0.185%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09767	+0.227%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09751	+0.059%	$264K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09750	+0.051%	$25K	$87K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09760	+0.154%	$1.4M	$2.7M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09773	+0.288%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09750	+0.051%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09750	+0.051%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09771	+0.267%	$139K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09730	−0.149%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09754	+0.092%	$38K	$5K	3x	as long as short
Hyperliquid XPLshort	+0.0109%	1h	0.09759	+0.145%	$62.9M	$47.4M	10x
BloFin XPL-USDT	+0.0340%	4h	0.09770	+0.257%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09726	−0.195%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09794	+0.503%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4583%	1h	0.09794	+0.506%	$517K	$952K	10x	as long as short