XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.062%

Price spread now: SoDEX against Phoenix−0.011%70s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 70 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	Phoenix XPL	0.09511	0.0251	pay 0.0031% / 1h	27m 51s	$192K	$494K	10x
Short	SoDEX XPL-USD	0.09510	0.0100	get 0.0013% / 1h	27m 51s	$190	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phoenix. 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 PhoenixbpFee SoDEXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$31.64
Price spread: −0.011% → 0.000%: −$1.05
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$47.69
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 5 min ago; SoDEX: no order-book sample. 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 Phoenix live order book, 5 min ago	1.05 bp	15.1 bp −$15	56.1 bp −$561	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Lighter XPL	−0.1192%	1h	0.09497	−0.147%	$4.3M	$3.2M	10x	as long as short
Bybit XPLUSDT	−0.0476%	4h	0.09510	−0.011%	$45.1M	$54.3M	75x	as long as short
01 Exchange XPLUSD	−0.0424%	1h	0.09476	−0.368%	$551	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09503	−0.079%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0276%	1h	0.09509	−0.021%	$46K	$18K	25x	as long as short
Gate XPL_USDT	−0.0122%	4h	0.09513	+0.021%	$2.9M	$3.3M	75x	as long as short
Paradex XPL-USD-PERP	−0.0117%	8h	0.09496	−0.159%	$12K	$696	5x	as long as short
Backpack XPL_USDC_PERP	−0.0075%	1h	0.09517	+0.063%	$178K	$180K	10x	as long as short
OKX XPL-USDT-SWAP	−0.0052%	4h	0.09507	−0.042%	$7.5M	$47.5M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0030%	4h	0.09503	−0.084%	$30K	$246K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XPL-USD	0.0000%	1h	0.09501	−0.109%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.399%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09503	−0.087%	$72K	—	150x	as long as short
Extended XPL-USD	+0.0072%	1h	0.09512	+0.014%	$613K	$1.2M	25x	as long as short
Binance XPLUSDT	+0.0096%	4h	0.09512	+0.011%	$43.4M	$98.2M	75x	as long as short
MEXC XPL_USDT	+0.0096%	4h	0.09514	+0.032%	$12.6M	$6.5M	100x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09529	+0.189%	$60.3M	$45.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09518	+0.076%	$252K	$402K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09500	−0.119%	$217K	$47K	10x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09479	−0.334%	$138K	$0	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09507	−0.042%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09520	+0.095%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09509	−0.021%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09478	−0.348%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09478	−0.350%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09490	−0.221%	$25K	$73K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09487	−0.247%	$1.2M	$2.2M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09500	−0.116%	$124K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09490	−0.221%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USDshort	+0.0100%	1h	0.09510	−0.011%	$190	$9K	10x
HTX XPL-USDT	+0.0100%	4h	0.09501	−0.105%	$132K	$214K	20x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09513	+0.026%	$28K	$18K	3x	as long as short
Phoenix XPLlong	+0.0251%	1h	0.09511	long leg	$192K	$494K	10x
BloFin XPL-USDT	+0.0337%	4h	0.09497	−0.147%	$1.7M	$936K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.894%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2721%	1h	0.09533	+0.231%	$541K	$957K	10x	as long as short