XPL funding rates

XPL perpetual funding across 14 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
13.7%long Lighter, short Variational · net 13.7%
Highest funding now
11.4%Extended
Lowest funding now
−37.1%Polymarket
Listed on
14 venues

Funding by venue

7d chartFlagsOpen
ExtendedXPL-USD11.4%6.9%1.4%8.2%0.4%68%1h04:000.08735$429k$885kExExtended
HyperliquidXPL10.9%9.8%8.6%16.5%8.4%93%1h—0.08747$58.9M$3.5MHyHyperliquid
BitgetCEXXPLUSDT10.9%10.9%9.0%8.8%8.7%90%4h04:000.08752$8.5M$2.4MBgBitget
VariationalXPL10.9%10.9%10.9%10.9%10.9%100%4h—0.08733$1.9M$1.2MVaVariational
NadoXPL-PERP_USDT010.9%−6.2%4.0%9.2%5.7%73%1h04:000.08753$684k$176kNaNado
GRVTXPL_USDT_Perp10.3%6.5%6.7%9.8%6.7%82%4h04:000.08745$213k$84kGrGRVT
BybitCEXXPLUSDT10.1%−0.4%4.3%4.0%5.1%75%4h04:000.08747$32.6M$12.1MByBybit
LighterXPL7.9%−9.1%−2.7%−5.3%−1.6%65%1h04:000.08751$5.3M$1.2MLiLighter
AsterXPLUSDT6.4%8.5%9.9%10.2%10.1%98%4h04:000.08743$381k$51kAsAster
BinanceCEXXPLUSDT1.4%6.8%5.4%7.6%5.1%79%4h04:000.08748$37.7M$25.4MBnBinance
MEXCCEXXPL_USDT1.1%6.3%5.8%7.7%5.7%79%4h04:000.08733$15.6M$5.8MMxMEXC
GateCEXXPL_USDT−3.7%1.9%4.8%4.2%5.3%71%4h04:000.08748$22.4M$1.3MGtGate
RWA PerpPERP_XPL_USDC−8.0%−2.0%−1.3%−0.5%−1.2%36%4h04:000.08737$22k$1kRwRWA Perp
PolymarketXPL-USD−37.1%−14.4%−8.9%3.9%−8.0%55%1h04:000.08742$51k$173kPmPolymarket

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
PolymarketVariational48.0%25.4%19.9%7.1%17.8%26.7%1.5dsteady$51k1h/4hinvite onlyspread not incl.PmVacalc
PolymarketAster43.5%23.0%18.8%6.3%14.7%22.0%3.1dsteady$51k1h/4hinvite onlyPmAscalc
LighterVariational3.1%20.1%13.7%16.2%13.7%20.5%<0.1dsteady$1.9M1h/4hspread not incl.LiVacalc
PolymarketHyperliquid48.0%24.3%17.5%12.6%13.1%19.6%3.5dsteady$51kinvite onlyPmHycalc
PolymarketBitgetCEX48.0%25.4%17.9%4.9%12.7%19.0%4.1dsteady$51k1h/4hinvite onlyPmBgcalc
PolymarketMEXCCEX38.2%20.8%14.7%3.9%11.6%17.3%3.0dsteady$51k1h/4hinvite onlyPmMxcalc
PolymarketGRVT47.4%20.9%15.6%5.9%11.2%16.8%4.0dsteady$51k1h/4hinvite onlyPmGrcalc
LighterAster−1.5%17.6%12.6%15.4%10.5%15.8%2.3dcooling$381k1h/4hLiAscalc
PolymarketNado48.0%8.3%13.0%5.4%9.1%13.6%4.2dsteady$51kinvite onlyPmNacalc
LighterHyperliquid3.1%18.9%11.3%21.7%9.0%13.4%2.9dsteady$5.3MLiHycalc
LighterBitgetCEX3.1%20.1%11.7%14.0%8.6%12.8%3.7dsteady$5.3M1h/4hLiBgcalc
PolymarketBybitCEX47.2%14.0%13.2%0.2%8.3%12.4%5.2dsteady$51k1h/4hinvite onlyPmBycalc
PolymarketGateCEX33.3%16.3%13.7%0.4%7.7%11.6%6.1dsteady$51k1h/4hinvite onlyPmGtcalc
LighterMEXCCEX−6.8%15.4%8.5%13.0%7.4%11.1%1.7dcooling$5.3M1h/4hLiMxcalc
LighterGRVT2.4%15.6%9.4%15.0%7.1%10.6%3.5dsteady$213k1h/4hLiGrcalc
PolymarketExtended48.5%21.4%10.3%4.3%6.9%10.4%4.6dsteady$51kinvite onlyPmExcalc
PolymarketBinanceCEX38.5%21.3%17.6%4.2%12.9%19.4%3.7dsteady$51k1h/4hinvite onlyPmBncalc
LighterNado3.1%2.9%6.7%14.5%4.9%7.4%3.8dsteady$684kLiNacalc
MEXCCEXVariational9.9%4.6%5.2%3.2%4.2%6.2%2.8dsteady$1.9Mspread not incl.MxVacalc
ExtendedVariational−0.4%4.0%9.6%2.8%8.3%12.4%1.9dmixed$429k1h/4hspread not incl.ExVacalc
LighterBybitCEX2.2%8.7%7.0%9.3%4.1%6.2%5.7dsteady$5.3M1h/4hLiBycalc
LighterBinanceCEX−6.5%15.9%10.2%13.6%7.6%11.4%3.6dmixed$5.3M1h/4hLiBncalc
BybitCEXVariational0.9%11.4%6.6%6.9%3.8%5.7%6.0dsteady$1.9Mspread not incl.ByVacalc
LighterGateCEX−11.6%11.0%7.5%9.5%3.6%5.4%7.3dcooling$5.3M1h/4hLiGtcalc
BinanceCEXVariational9.6%4.1%5.6%3.3%3.0%4.5%6.5dsteady$1.9Mspread not incl.BnVacalc
ExtendedAster−5.0%1.6%8.5%2.0%5.2%7.7%5.6dmixed$381k1h/4hExAscalc
GateCEXVariational14.7%9.1%6.2%6.7%2.3%3.4%8.9dsteady$1.9Mspread not incl.GtVacalc
PolymarketLighter45.0%5.3%6.2%−9.1%4.1%6.2%4.7dsteady$51kinvite onlyPmLicalc
GRVTVariational0.7%4.5%4.3%1.2%1.9%2.9%7.7dweak$213kspread not incl.GrVacalc
ExtendedHyperliquid−0.4%2.9%7.2%8.3%3.6%5.4%7.1dmixed$429kExHycalc
ExtendedBitgetCEX−0.4%4.0%7.6%0.6%3.2%4.8%8.1dmixed$429k1h/4hExBgcalc
LighterExtended3.5%16.0%4.1%13.4%2.8%4.1%4.5dspike ×7.7$429kLiExcalc
NadoVariational0.0%17.1%6.9%1.7%5.1%7.6%3.7dspike ×3.3$684k1h/4hspread not incl.NaVacalc
ExtendedMEXCCEX−10.3%−0.6%4.4%−0.4%2.0%3.1%7.5dmixed$429k1h/4hExMxcalc
MEXCCEXAster5.3%2.2%4.2%2.4%1.0%1.5%11dweak$381kMxAscalc
NadoAster−4.5%14.7%5.9%0.9%2.0%2.9%9.3dmixed$381k1h/4hNaAscalc
ExtendedGRVT−1.1%−0.5%5.3%1.6%1.7%2.5%9.6dmixed$213k1h/4hExGrcalc
BybitCEXAster−3.7%9.0%5.6%6.1%0.7%1.0%12dcooling$381kByAscalc
NadoHyperliquid0.0%16.0%4.6%7.2%0.4%0.6%13dspike ×6.1$684kNaHycalc
ExtendedBinanceCEX−10.0%−0.1%4.1%−0.7%0.1%0.2%14dmixed$429k1h/4hExBncalc
HyperliquidVariational0.0%1.1%2.4%−5.5%0.0%0.0%14dweak$1.9M1h/4hspread not incl.HyVacalc
NadoBitgetCEX0.0%17.1%4.9%−0.5%0.0%0.0%14dspike ×5.9$684k1h/4hNaBgcalc
BinanceCEXAster5.0%1.7%4.4%2.5%−0.3%−0.5%15dweak$381kBnAscalc
MEXCCEXHyperliquid9.9%3.5%2.8%8.7%−0.6%−0.8%17dweak$15.6M4h/1hMxHycalc
GateCEXAster10.1%6.6%5.1%5.9%−0.9%−1.3%16dweak$381kGtAscalc
ExtendedNado−0.4%−13.1%2.7%1.1%−0.4%−0.7%16dmixed$429kExNacalc
BybitCEXHyperliquid0.9%10.3%4.3%12.4%−0.9%−1.4%17dweak$32.6M4h/1hByHycalc
MEXCCEXBitgetCEX9.9%4.6%3.2%1.0%−0.9%−1.4%18dweak$8.5MMxBgcalc
AsterVariational4.5%2.4%1.0%0.8%−1.0%−1.6%28dweak$381kspread not incl.AsVacalc
BitgetCEXVariational0.0%0.0%2.0%2.2%−1.2%−1.7%22dweak$1.9Mspread not incl.BgVacalc
GRVTAster−3.9%2.1%3.2%0.4%−1.2%−1.8%19dweak$213kGrAscalc
BybitCEXBitgetCEX0.9%11.4%4.7%4.7%−1.3%−2.0%18dweak$8.5MByBgcalc
BinanceCEXHyperliquid9.6%3.0%2.9%9.2%−2.1%−3.1%24dweak$37.7M4h/1hBnHycalc
NadoMEXCCEX−9.9%12.5%1.7%−1.5%−1.2%−1.7%23dmixed$684k1h/4hNaMxcalc
BinanceCEXBitgetCEX9.6%4.1%3.3%1.0%−2.4%−3.7%24dweak$8.5MBnBgcalc
MEXCCEXGRVT9.2%0.1%0.9%2.0%−2.5%−3.7%51dweak$213kMxGrcalc
GateCEXHyperliquid14.7%7.9%3.8%12.2%−2.5%−3.7%23dweak$22.4M4h/1hGtHycalc
ExtendedBybitCEX−1.3%−7.4%2.9%−4.1%−1.2%−1.8%20dmixed$429k1h/4hExBycalc
GRVTHyperliquid0.7%3.4%1.9%6.7%−2.8%−4.2%35dweak$213k4h/1hGrHycalc
BybitCEXGRVT0.2%6.9%2.4%5.7%−2.8%−4.2%30dweak$213kByGrcalc
GateCEXBitgetCEX14.7%9.1%4.2%4.5%−2.8%−4.3%24dweak$8.5MGtBgcalc
NadoGRVT−0.7%12.6%2.7%0.5%−1.5%−2.3%22dmixed$213k1h/4hNaGrcalc
HyperliquidAster−4.5%−1.3%1.3%−6.3%−3.1%−4.7%47dweak$381k1h/4hHyAscalc
GRVTBitgetCEX0.7%4.5%2.3%−1.0%−3.2%−4.8%34dweak$213kGrBgcalc
ExtendedGateCEX−15.1%−5.0%3.4%−3.9%−1.8%−2.7%21dmixed$429k1h/4hExGtcalc
BinanceCEXMEXCCEX−0.3%−0.5%0.0%0.0%−3.6%−5.5%>999dweak$15.6MBnMxcalc
BinanceCEXGRVT8.9%−0.4%1.0%2.1%−3.9%−5.9%66dweak$213kBnGrcalc
NadoBinanceCEX−9.6%13.0%2.5%−1.4%−2.0%−2.9%25dmixed$684k1h/4hNaBncalc
BitgetCEXAster−4.5%−2.4%0.9%1.4%−4.3%−6.4%79dweak$381kBgAscalc
GateCEXGRVT14.0%4.6%1.9%5.5%−4.3%−6.5%46dweak$213kGtGrcalc
MEXCCEXNado9.9%−12.5%−1.7%1.5%−4.6%−6.9%—weak$684k4h/1hMxNacalc
BybitCEXMEXCCEX−9.0%6.7%1.5%3.7%−2.5%−3.7%38dmixed$15.6MByMxcalc
BybitCEXNado0.9%−5.8%−0.3%5.2%−5.0%−7.4%—weak$684k4h/1hByNacalc
HyperliquidBitgetCEX0.0%1.1%0.4%−7.7%−5.1%−7.6%198dweak$8.5M1h/4hHyBgcalc
MEXCCEXBybitCEX9.0%−6.7%−1.5%−3.7%−5.4%−8.0%—weak$15.6MMxBycalc
AsterHyperliquid4.5%1.3%−1.3%6.3%−5.7%−8.6%—weak$381k4h/1hAsHycalc
NadoExtended0.4%13.1%−2.7%−1.1%−5.8%−8.7%—weak$429kNaExcalc
AsterBitgetCEX4.5%2.4%−0.9%−1.4%−6.1%−9.2%—weak$381kAsBgcalc
BybitCEXGateCEX−13.8%2.3%0.5%0.2%−6.3%−9.4%196dweak$22.4MByGtcalc
BinanceCEXBybitCEX8.7%−7.2%−1.0%−3.2%−6.5%−9.7%—weak$32.6MBnBycalc
GateCEXNado14.7%−8.1%−0.7%5.0%−6.5%−9.7%—weak$684k4h/1hGtNacalc
MEXCCEXExtended10.3%0.6%−4.4%0.4%−6.7%−10.1%—weak$429k4h/1hMxExcalc
GRVTNado0.7%−12.6%−2.7%−0.5%−6.8%−10.2%—weak$213k4h/1hGrNacalc
BybitCEXExtended1.3%7.4%−2.9%4.1%−7.1%−10.7%—weak$429k4h/1hByExcalc
GateCEXBybitCEX13.8%−2.3%−0.5%−0.2%−7.3%−10.9%—weak$22.4MGtBycalc
MEXCCEXBinanceCEX0.3%0.5%0.0%0.0%−3.7%−5.5%—mixed$15.6MMxBncalc
BinanceCEXExtended10.0%0.1%−4.1%0.7%−8.0%−11.9%—weak$429k4h/1hBnExcalc
GateCEXMEXCCEX4.8%4.4%1.0%3.5%−4.0%−6.0%71dmixed$15.6MGtMxcalc
GateCEXExtended15.1%5.0%−3.4%3.9%−8.6%−13.0%—weak$429k4h/1hGtExcalc
NadoBybitCEX−0.9%5.8%0.3%−5.2%−4.4%−6.6%252dmixed$684k1h/4hNaBycalc
GRVTExtended1.1%0.5%−5.3%−1.6%−9.0%−13.5%—weak$213k4h/1hGrExcalc
BybitCEXBinanceCEX−8.7%7.2%1.0%3.2%−4.5%−6.7%78dmixed$32.6MByBncalc
NadoGateCEX−14.7%8.1%0.7%−5.0%−5.0%−7.5%108dmixed$684k1h/4hNaGtcalc
GateCEXBinanceCEX5.1%4.9%1.3%3.8%−5.2%−7.8%70dmixed$22.4MGtBncalc
AsterBybitCEX3.7%−9.0%−5.6%−6.1%−10.6%−15.8%—weak$381kAsBycalc
HyperliquidExtended0.4%−2.9%−7.2%−8.3%−10.9%−16.3%—weak$429kHyExcalc
BinanceCEXNado9.6%−13.0%−2.5%1.4%−6.9%−10.4%—mixed$684k4h/1hBnNacalc
AsterGRVT3.9%−2.1%−3.2%−0.4%−7.6%−11.5%—mixed$213kAsGrcalc
MEXCCEXLighter6.8%−15.4%−8.5%−13.0%−9.5%−14.3%—mixed$5.3M4h/1hMxLicalc
AsterNado4.5%−14.7%−5.9%−0.9%−9.8%−14.7%—mixed$381k4h/1hAsNacalc
VariationalExtended0.4%−4.0%−9.6%−2.8%−10.9%−16.3%—mixed$429k4h/1hspread not incl.VaExcalc
GateCEXLighter11.6%−11.0%−7.5%−9.5%−11.4%−17.1%—mixed$5.3M4h/1hGtLicalc
AsterExtended5.0%−1.6%−8.5%−2.0%−11.9%−17.9%—mixed$381k4h/1hAsExcalc
BitgetCEXExtended0.4%−4.0%−7.6%−0.6%−12.1%−18.1%—mixed$429k4h/1hBgExcalc
BinanceCEXLighter6.5%−15.9%−10.2%−13.6%−12.8%−19.2%—mixed$5.3M4h/1hBnLicalc
AsterLighter1.5%−17.6%−12.6%−15.4%−14.7%−22.1%—mixed$381k4h/1hAsLicalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:10 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

No two venues give a usable spread right now.

XPL: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →MEXC0.08733
MEXC0.08733—
All quotes (14)
VenueBidAskQualityAgeVol 24hFlags
MEXCCEX0.087330.08733mark8m$5.8Mno FX
Aster0.087430.08743mark13m$51kstaleno FX
BinanceCEX0.087480.08748mark12m$25.4Mstaleno FX
BitgetCEX0.087520.08752mark12m$2.4Mstaleno FX
BybitCEX0.087470.08747mark12m$12.1Mstaleno FX
Extended0.08735460.0873546mark13m$885kstale
GateCEX0.087480.08748mark12m$1.3Mstaleno FX
GRVT0.08745330.0874533mark13m$84kstaleno FX
Hyperliquid0.0874690.087469mark13m$3.5Mstale
Lighter0.0875150.087515mark13m$1.2Mstale
Nado0.08753380.0875338mark13m$176kstaleno FX
Polymarket0.0874190.087419mark13m$173kstale
RWA Perp0.087370.08737mark13m$1kstale
Variational0.08733290.0873329mark13m$1.2Mstale

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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