XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Variational Omni−0.484%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.484% cheaper against Variational Omni than usual: you would sell low and buy high (−$48 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPL	0.09579	0.0100	pay 0.0050% / 4h	2h 33m	$1.7M	$1.9M	—
Short	gTrade (Gains Network) XPL/USD	0.09533	L +0.0005% / S −0.0004%	get 0.0000% / 1h	33m 09s	$72K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Variational Omni. 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 Variational OmnibpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.484%Rate

Funding earned: −$20.17
Price spread: −0.484% → 0.000%: −$48.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$78.61
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; gTrade (Gains Network): 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 Variational Omni RFQ quote, 1 min ago	4.19 bp	doesn't fit	64.0 bp −$640	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09531	−0.500%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0224%	1h	0.09520	−0.616%	$553	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0169%	1h	0.09533	−0.480%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09548	−0.328%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.963%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0004%	1h	0.09533	−0.484%	$72K	—	150x
Lighter XPL	+0.0008%	1h	0.09525	−0.564%	$4.3M	$3.0M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09525	−0.564%	$29K	$320K	10x	as long as short
Paradex XPL-USD-PERP	+0.0065%	8h	0.09541	−0.396%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09521	−0.600%	$1.2M	$2.4M	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	0.09550	−0.299%	$60.4M	$46.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09547	−0.332%	$251K	$429K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09544	−0.368%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09541	−0.397%	$43.3M	$100.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09542	−0.386%	$45.2M	$54.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09539	−0.418%	$8.1M	$48.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	−0.142%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09536	−0.449%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09535	−0.459%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09535	−0.459%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09547	−0.334%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09537	−0.439%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09538	−0.428%	$173K	$190K	10x	as long as short
Variational Omni XPLlong	+0.0100%	4h	0.09579	long leg	$1.7M	$1.9M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09577	−0.026%	$254K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09610	+0.323%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09535	−0.457%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09520	−0.616%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09530	−0.512%	$204	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09555	−0.251%	$139K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09529	−0.518%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09528	−0.529%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09544	−0.366%	$193K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09536	−0.449%	$1.7M	$941K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.637%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2908%	1h	0.09561	−0.191%	$543K	$989K	10x	as long as short