# XPL funding rates and arbitrage

Updated 2026-11-11 23:53 UTC · https://afterfees.xyz/coin/XPL

## 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](https://afterfees.xyz/venues/blofin) | XPL-USDT | 0.0200% | 4 h | +43.8% | +24.5% | $1.2M | 2026-11-12 00:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_XPLUSD | 0.0015% | 1 h | +12.8% | −17.5% | $356.6K | 2026-11-12 00:00 |
| [Extended](https://afterfees.xyz/venues/extended) | XPL-USD | 0.0013% | 1 h | +11.4% | −3.6% | $370.7K | 2026-11-12 00:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | XPL | 0.0013% | 1 h | +10.9% | +11.0% | $65.5K | 2026-11-12 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | XPL_USDT | 0.0050% | 4 h | +10.9% | +10.8% | $4.4M | 2026-11-12 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | XPL_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $6.3M | 2026-11-12 00:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | XPL-USDT | 0.0013% | 1 h | +10.9% | +11.0% | $14.2K | 2026-11-12 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | XPLUSDT | 0.0050% | 4 h | +10.9% | +0.3% | $4.8M | 2026-11-12 00:00 |
| [HTX](https://afterfees.xyz/venues/htx) | XPL-USDT | 0.0050% | 4 h | +10.9% | +25.1% | $53.2K | 2026-11-12 00:00 |
| [Nado](https://afterfees.xyz/venues/nado) | XPL-PERP_USDT0 | 0.0013% | 1 h | +10.9% | +10.8% | $415.6K | 2026-11-12 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | XPLUSDT | 0.0050% | 4 h | +10.9% | +11.0% | — | 2026-11-12 00:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_XPL_USDT | 0.0050% | 4 h | +10.9% | +10.8% | $839 | 2026-11-12 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | XPLUSDT | 0.0050% | 4 h | +10.9% | +10.7% | — | 2026-11-12 00:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | XPL_USDT_Perp | 0.0050% | 4 h | +10.9% | +10.9% | $139.6K | 2026-11-12 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | XPL-USDT | 0.0050% | 4 h | +10.9% | +10.9% | $782.1K | 2026-11-12 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | XPLUSDT | 0.0050% | 4 h | +10.9% | +10.8% | $27.3M | 2026-11-12 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | XPL | 0.0013% | 1 h | +10.9% | +7.6% | $36.8M | 2026-11-12 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | XPL-PERP | 0.0050% | 4 h | +10.9% | +11.0% | $598.5K | 2026-11-12 00:00 |
| [Arcus](https://afterfees.xyz/venues/arcus) | XPL-USD | 0.0013% | 1 h | +10.9% | +11.0% | $0 | 2026-11-12 00:00 |
| [Lighter RH](https://afterfees.xyz/venues/lighterrh) | XPL | 0.0012% | 1 h | +10.5% | +10.5% | $26K | 2026-11-12 00:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | XPL | 0.0012% | 1 h | +10.5% | +8.8% | $892.4K | 2026-11-12 00:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | XPL-USD-PERP | 0.0054% | 8 h | +5.9% | — | $136.4K | 2026-11-12 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | XPLUSDT | 0.0015% | 4 h | +3.2% | +4.9% | $187.2K | 2026-11-12 00:00 |
| [Bitfinex](https://afterfees.xyz/venues/bitfinex) | tXPLF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $39.5K | 2026-11-12 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | XPLUSD-PERP | -0.0002% | 1 h | −2.1% | −19.7% | $2.1K | 2026-11-12 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | XPL_USDT | -0.0011% | 4 h | −2.4% | +5.2% | $6.2M | 2026-11-12 00:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | XPL-USDC | -0.0003% | 1 h | −2.7% | — | $1.5M | 2026-11-12 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | XPL-USDT-SWAP | -0.0019% | 4 h | −4.2% | +0.1% | $6.6M | 2026-11-12 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | XPLUSDT | -0.0086% | 4 h | −18.9% | +8.5% | $17.6M | 2026-11-12 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | XPLUSDTM | -0.0229% | 4 h | −50.2% | +5.9% | $2.8M | 2026-11-12 00:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | XPL | -0.0058% | 1 h | −51.1% | −75.4% | — | 2026-11-12 00:00 |
| [Backpack](https://afterfees.xyz/venues/backpack) | XPL_USDC_PERP | -0.0089% | 1 h | −77.7% | −4.5% | $118.4K | 2026-11-12 00:00 |

## Borrow XPL to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 9.71% | — |
| Bybit | 11.02% | — |
| OKX | 11.96% | — |
| Gate | 16.18% | $120K |
| Binance | 25.51% | — |

## Cost to enter $10,000 of XPL

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Nado | XPL-PERP_USDT0 | 11.7 bp | order-book snapshot, 37 min old |
| ApeX | XPL-USDT | 117.1 bp * | order-book snapshot, 58 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 |
| BingX | XPL-USDT | 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 |
| OKX | XPL-USDT-SWAP | 6.9 bp | top of book only |
| Bitget | XPLUSDT | 7.0 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

- [Borrow XPL: rates on every exchange](https://afterfees.xyz/borrow/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 −77.7%. 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._