XPL funding rates

XPL perpetual funding is currently quoted across 17 venues, ranging from -5.5% to +54.3% APR. The most reliable delta-neutral pairing for XPL right now is long TxFlow / short Phoenix at +32.9% net APR (medium risk, ~0.9d to break even).

as of 2026-10-28 12:00 UTC
Best delta-neutral pairing
Long TxFlow / Short Phoenix
+32.9% net APR
Backtested (30d)
+42.2%
Stability
100%
Risk
medium
Breakeven
~0.9d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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XPL funding by exchange

ExchangeFunding APR
Kraken+54.31%
Phoenix+34.26%
Lighter+33.29%
n1xyz+14.89%
Decibel+14.02%
Aster+13.90%
Extended+11.39%
Hyperliquid+10.95%
Polymarket+10.95%
Pacifica+10.95%
Variational+10.95%
SoDEX+10.95%
Bulk+10.95%
Grvt+10.95%
Nado+10.95%
Paradex+10.93%
TxFlow-5.55%

Frequently asked

What is the XPL funding rate right now?

XPL perpetual funding ranges from -5.55% to 54.31% APR across 17 exchanges we track; the widest delta-neutral spread is long TxFlow / short Phoenix at 32.9% net APR.

Which exchange has the highest XPL funding rate?

Kraken currently has the highest at 54.31% APR. See the full ranking above.