XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0670%/8h= −73.3% APRnext payment −$0.84 per $10,000 · paid last 24h −0.168%

Price spread now: GMX against Polymarket Perps−0.002%7-day average −0.066% · you buy dearer than you sell

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

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.246%−$25 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.002%, 7d avg −0.066%

Together, before fees−0.286%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.064% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.066%): +$6 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.246% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XPL-USD	0.09547	0.0100	pay 0.0013% / 1h	19m 36s	$125K	$1.8M	10x
Short	GMX XPL/USD [WBTC.b-USDC]	0.09547	L −0.0234% / S +0.0570%	pay 0.0071% / 1h	19m 36s	$105K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$140.62
Price spread: −0.002% → −0.066%: $6.36
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$154.26
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 4 min ago; GMX: 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 Polymarket Perps live order book, 4 min ago	3.15 bp	7.1 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1448%	1h	0.09532	−0.157%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0512%	1h	0.09558	+0.115%	$556	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]short	L −0.0234% / S +0.0570%	1h	0.09547	−0.002%	$105K	—	100x
Deribit XPL_USDC-PERPETUAL	−0.0169%	1h	0.09543	−0.042%	$46K	$18K	25x	as long as short
Paradex XPL-USD-PERP	−0.0041%	8h	0.09547	−0.002%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0028%	4h	0.09536	−0.115%	$30K	$283K	10x	as long as short
Bybit XPLUSDT	−0.0024%	4h	0.09549	+0.021%	$45.5M	$54.0M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09547	−0.003%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.700%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09547	0.000%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPL-USD	+0.0056%	1h	0.09550	+0.031%	$598K	$1.2M	25x	as long as short
OKX XPL-USDT-SWAP	+0.0060%	4h	0.09548	+0.010%	$7.7M	$47.8M	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09529	−0.189%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09561	+0.150%	$60.3M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09556	+0.096%	$252K	$419K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09556	+0.089%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09548	+0.012%	$43.2M	$97.9M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09551	+0.042%	$2.9M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09550	+0.031%	$12.4M	$6.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09543	−0.042%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09561	+0.147%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09553	+0.063%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09548	+0.010%	$179K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09516	−0.326%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09517	−0.310%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09530	−0.178%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USDlong	+0.0100%	1h	0.09547	long leg	$125K	$1.8M	10x
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.388%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09540	−0.073%	$194	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09524	−0.241%	$131K	$212K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09555	+0.084%	$139K	$0	10x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09540	−0.073%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09543	−0.042%	$193K	$495K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09519	−0.293%	$1.7M	$921K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09620	+0.765%	$65K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2725%	1h	0.09626	+0.828%	$544K	$937K	10x	as long as short