XPL Funding Rate — live across 17 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized XPL perpetual funding across all 17 venues Perpia tracks. Right now XPL funding is positive on 14 and negative on 2, ranging from +11.4% on Extended to -6.1% on Lighter — a spread of 17.5%. The widest delta-neutral trade is long Lighter / short Extended at 15.5% net APR.
XPL funding rate by venue
63 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended | +11.4% | 1h |
| Variational | +10.9% | 4h |
| OKX | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| BackPack | +10.9% | 1h |
| KuCoin | +10.9% | 4h |
| Pacifica | +10.9% | 1h |
| BingX | +10.9% | 4h |
| Aster | +10.6% | 4h |
| Binance | +5.4% | 8h |
| MEXC | +5.4% | 8h |
| GMTrade | +0.0% | 1h |
| Nado | -1.8% | 24h |
| Lighter | -6.1% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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XPL funding — FAQ
Is XPL funding positive right now?
XPL perpetual funding is positive on 14 of 17 venues Perpia tracks and negative on 2. The highest is +11.4% on Extended; the lowest is -6.1% on Lighter.
What is the best XPL funding arbitrage right now?
Go long Lighter and short Extended for about 15.5% net APR after fees — the widest delta-neutral XPL spread Perpia currently sees.
Which exchange has the highest XPL funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How XPL funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.