XPL funding rates and arbitrage
Updated 2026-11-11 22:52 UTC
Best XPL arbitrage after every cost
No XPL pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
XPL funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| BloFin | XPL-USDT | 0.0200% | 4 h | +43.8% | +24.7% | $1.2M | 2026-11-12 00:00 |
| Extended | XPL-USD | 0.0013% | 1 h | +11.4% | −3.6% | $371.1K | 2026-11-11 23:00 |
| Pacifica | XPL | 0.0013% | 1 h | +10.9% | +11.0% | $65.2K | 2026-11-11 23:00 |
| MEXC | XPL_USDT | 0.0050% | 4 h | +10.9% | +10.8% | $4.4M | 2026-11-12 00:00 |
| WhiteBIT | XPL_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $6.3M | 2026-11-12 00:00 |
| ApeX | XPL-USDT | 0.0013% | 1 h | +10.9% | +11.0% | $14.1K | 2026-11-11 23:00 |
| Bitget | XPLUSDT | 0.0050% | 4 h | +10.9% | +0.3% | $4.7M | 2026-11-12 00:00 |
| HTX | XPL-USDT | 0.0050% | 4 h | +10.9% | +25.3% | $55.2K | 2026-11-12 00:00 |
| Nado | XPL-PERP_USDT0 | 0.0013% | 1 h | +10.9% | +10.8% | $418K | 2026-11-11 23:00 |
| LBank | XPLUSDT | 0.0050% | 4 h | +10.9% | +12.0% | — | 2026-11-12 00:00 |
| WOO X | PERP_XPL_USDT | 0.0050% | 4 h | +10.9% | +10.8% | $835 | 2026-11-12 00:00 |
| Bitunix | XPLUSDT | 0.0050% | 4 h | +10.9% | +10.8% | — | 2026-11-12 00:00 |
| GRVT | XPL_USDT_Perp | 0.0050% | 4 h | +10.9% | +11.0% | $145.3K | 2026-11-12 00:00 |
| BingX | XPL-USDT | 0.0050% | 4 h | +10.9% | +11.0% | $758K | 2026-11-12 00:00 |
| Binance | XPLUSDT | 0.0050% | 4 h | +10.9% | +10.8% | $27.3M | 2026-11-12 00:00 |
| Hyperliquid | XPL | 0.0013% | 1 h | +10.9% | +7.6% | $36.3M | 2026-11-11 23:00 |
| Variational | XPL-PERP | 0.0050% | 4 h | +10.9% | +12.0% | $599.5K | 2026-11-12 00:00 |
| Arcus | XPL-USD | 0.0013% | 1 h | +10.9% | +11.2% | $0 | 2026-11-11 23:00 |
| Lighter RH | XPL | 0.0012% | 1 h | +10.5% | +10.5% | $28.8K | 2026-11-11 23:00 |
| Lighter | XPL | 0.0012% | 1 h | +10.5% | +8.8% | $886.2K | 2026-11-11 23:00 |
| Kraken | PF_XPLUSD | 0.0011% | 1 h | +9.6% | −17.7% | $354.9K | 2026-11-11 23:00 |
| Paradex | XPL-USD-PERP | 0.0059% | 8 h | +6.4% | — | $135.9K | 2026-11-12 00:00 |
| Bybit | XPLUSDT | 0.0002% | 4 h | +0.4% | +8.5% | $17.6M | 2026-11-12 00:00 |
| Bitfinex | tXPLF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $39.4K | 2026-11-12 00:00 |
| Gate | XPL_USDT | -0.0002% | 4 h | −0.4% | +5.2% | $6.3M | 2026-11-12 00:00 |
| Crypto.com | XPLUSD-PERP | -0.0002% | 1 h | −2.1% | −20.1% | $2.1K | 2026-11-11 23:00 |
| TXFlow | XPL-USDC | -0.0003% | 1 h | −2.7% | — | $1.4M | 2026-11-11 23:00 |
| OKX | XPL-USDT-SWAP | -0.0020% | 4 h | −4.3% | +0.1% | $6.6M | 2026-11-12 00:00 |
| KuCoin | XPLUSDTM | -0.0023% | 4 h | −5.0% | +5.9% | $2.8M | 2026-11-12 00:00 |
| Aster | XPLUSDT | -0.0051% | 4 h | −11.2% | +4.9% | $186.8K | 2026-11-12 00:00 |
| Phoenix | XPL | -0.0019% | 1 h | −16.8% | −75.2% | — | 2026-11-11 23:00 |
| Backpack | XPL_USDC_PERP | -0.0072% | 1 h | −63.5% | −3.5% | $117K | 2026-11-11 23:00 |
Borrow XPL to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 9.91% | — |
| Bybit | 11.04% | — |
| OKX | 12.03% | — |
| Gate | 16.34% | $120K |
| Binance | 25.51% | — |
Cost to enter $10,000 of XPL
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Nado | XPL-PERP_USDT0 | 8.0 bp | order-book snapshot, 32 min old |
| ApeX | XPL-USDT | 139.9 bp * | order-book snapshot, 53 min old |
| MEXC | XPL_USDT | 1.0 bp | top of book only |
| Lighter | XPL | 1.9 bp | top of book only |
| Extended | XPL-USD | 3.5 bp | top of book only |
| Variational | XPL-PERP | 5.8 bp | top of book only |
| Aster | XPLUSDT | 5.9 bp | top of book only |
| OKX | XPL-USDT-SWAP | 6.0 bp | top of book only |
| Binance | XPLUSDT | 6.0 bp | top of book only |
| Bybit | XPLUSDT | 6.5 bp | top of book only |
| Bitget | XPLUSDT | 7.0 bp | top of book only |
| GRVT | XPL_USDT_Perp | 7.4 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
More on XPL
Questions
Is XPL funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no XPL pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest XPL funding rate?
BloFin at +43.8% a year (0.0200% every 4 h); the lowest is Backpack at −63.5%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.