XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Polymarket Perps−0.166%7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days+0.289%+$29 · spread now −0.166%, 7d avg −0.145%

Together, before fees+0.300%+ Points / potential airdropExtended: Active · farm board+$30 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: Extended is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XPL-USD	0.09691	0.0100	pay 0.0013% / 1h	57m 28s	$127K	$1.8M	10x
Short	Extended XPL-USD	0.09675	0.0104	get 0.0013% / 1h	57m 28s	$609K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Polymarket Perps. 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 Polymarket PerpsbpFee ExtendedbpOrdersPrice spread, now −0.166%Rate

Funding earned: $0.84
Price spread: −0.166% → −0.145%: −$2.15
Slippage, 4 orders: −$18.52
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$32.83
Costs to cover: 0.315%
Break-even: 280.6 days

Slippage from Polymarket Perps: live order book, 1 min ago; Extended: live order book, 1 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 Polymarket Perps live order book, 1 min ago	2.47 bp	6.5 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	2.07 bp	8.1 bp −$8	18.7 bp −$187	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
01 Exchange XPLUSD	−0.0408%	1h	0.09668	−0.235%	$562	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0369%	1h	0.09685	−0.060%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09685	−0.062%	$107K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09691	−0.002%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.875%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0005%	4h	0.09675	−0.163%	$29K	$278K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09685	−0.059%	$73K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0056%	8h	0.09693	+0.020%	$13K	$696	5x	as long as short
Lighter XPL	+0.0072%	1h	0.09680	−0.111%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09679	−0.122%	$1.2M	$2.2M	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	0.09698	+0.070%	$61.4M	$46.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09690	−0.008%	$255K	$426K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09691	−0.002%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09681	−0.101%	$43.9M	$97.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09675	−0.163%	$45.9M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09674	−0.173%	$8.0M	$48.6M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09686	−0.050%	$3.1M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09677	−0.142%	$12.7M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09675	−0.163%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09686	−0.050%	$8.9M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09679	−0.122%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09687	−0.039%	$176K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09671	−0.207%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09670	−0.215%	$260K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	−0.111%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USDlong	+0.0100%	1h	0.09691	long leg	$127K	$1.8M	10x
SunX XPL-USDT	+0.0100%	4h	0.09670	−0.215%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09680	−0.111%	$198	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09669	−0.225%	$138K	$186K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09676	−0.153%	$141K	$0	10x	as long as short
Extended XPL-USDshort	+0.0104%	1h	0.09675	−0.166%	$609K	$1.2M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09675	−0.167%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09693	+0.023%	$196K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09674	−0.173%	$1.7M	$942K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+0.281%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2817%	1h	0.09720	+0.306%	$552K	$953K	10x	as long as short