XPL funding rates and arbitrage

XPL perpetuals trade on 20 contracts across 19 venues, forming 189 cross-venue arbitrage pairs. By net APR the current best pair is long Coinbase against short Bybit, netting +550.24%, though note the legs settle on different cadences (1h / 4h)。

XPL perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Binance	XPLUSDT	USDT	4h	0.0050%	+10.95%	+3.85%	$32.6M	0.07571
OKX	XPL-USDT-SWAP	USDT	4h	0.0050%	+10.95%	+9.40%	$20.1M	0.07575
Bybit	XPLUSDT	USDT	4h	0.0050%	+10.95%	+8.84%	$14.2M	0.07573
Hyperliquid	XPL	USDC	1h	0.0013%	+10.95%	+10.45%	$12.6M	0.07577
BingX	XPL-USDT	USDT	4h	0.0050%	+10.95%	+10.80%	$7.4M	0.07572
MEXC	XPL_USDT	USDT	4h	0.0050%	+10.95%	+3.83%	$5.4M	0.07569
Lighter	XPL	USDC	1h	0.0069%	+60.44%	+9.54%	$3.7M	0.07585
WhiteBIT	XPL_PERP	USDT	4h	0.0050%	+10.95%	+10.95%	$3.4M	0.07572
Bitget	XPLUSDT	USDT	4h	-0.0017%	-3.72%	+1.93%	$3.1M	0.07571
LBank	XPLUSDT	USDT	4h	0.0050%	+10.95%	+3.88%	$2.7M	0.07571
Gate	XPL_USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$1.7M	0.07573
Bybit	XPLPERP	USDC	4h	0.0309%	+67.57%	+156.96%	$610K	0.07581
KuCoin	XPLUSDTM	USDT	4h	0.0050%	+10.95%	+10.95%	$351K	0.07571
Kraken	PF_XPLUSD	USD	1h	0.0035%	+30.35%	+14.84%	$218K	0.07571
Aster	XPLUSDT	USDT	4h	0.0050%	+10.95%	+5.02%	$145K	0.07577
Deribit	XPL_USDC-PERPETUAL	USDC	8h	-0.0000%	-0.05%	-2.10%	$85K	0.07568
HTX	XPL-USDT	USDT	4h	0.0050%	+10.95%	+9.08%	$73K	0.07554
Bitfinex	tXPLF0:USTF0	USDT	8h	0.0000%	0.00%	+3.01%	$15K	0.07575
Coinbase	XPL-PERP	USDC	1h	-0.0551%	-482.68%	-482.68%	$0	0.09642
Crypto.com	XPLUSD-PERP	USD	4h	0.0044%	+9.58%	+0.05%	$0	0.07572

XPL cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Coinbase USDC	Bybit USDC	+550.24%	1.5075%	+639.63%	1h / 4h	$0
Coinbase USDC	Lighter USDC	+543.12%	1.4880%	+492.22%	1h matched	$0
Coinbase USDC	Kraken USD	+513.03%	1.4056%	+497.51%	1h matched	$0
Coinbase USDC	Aster USDT	+493.63%	1.3524%	+487.70%	1h / 4h	$0
Coinbase USDC	Binance USDT	+493.63%	1.3524%	+486.53%	1h / 4h	$0
Coinbase USDC	BingX USDT	+493.63%	1.3524%	+493.48%	1h / 4h	$0
Coinbase USDC	Bybit USDT	+493.63%	1.3524%	+491.52%	1h / 4h	$0
Coinbase USDC	Gate USDT	+493.63%	1.3524%	+493.63%	1h / 4h	$0
Coinbase USDC	HTX USDT	+493.63%	1.3524%	+491.75%	1h / 4h	$0
Coinbase USDC	Hyperliquid USDC	+493.63%	1.3524%	+493.12%	1h matched	$0
Coinbase USDC	KuCoin USDT	+493.63%	1.3524%	+493.63%	1h / 4h	$0
Coinbase USDC	LBank USDT	+493.63%	1.3524%	+486.55%	1h / 4h	$0

Plasma project profile

Website Whitepaper X (Twitter)

Key facts

Total: 10.00B
Max supply: unlimited
Type: Coin
Market cap rank: #127

Smart Contract PlatformBNB Chain EcosystemLayer 1 (L1)Binance HODLer AirdropsNeobankEcho Launchpad

Block explorers

plasmascan.to

About

Plasma is the layer 1 blockchain building the stablecoin infrastructure for a new global financial system. It is purpose-built for global stablecoin payments, offering zero-fee USD₮ transfers and custom gas tokens to help realise the stablecoin promise of permissionless access to financial services for everyone, everywhere. Plasma’s global payments coverage and inbound suite of products position it as the native chain for stablecoin payments.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

INJ+959.5%NOT+92.5%PAXG+58.1%PENDLE+900.9%TRUMP+974.7%VIRTUAL+89.8%ASTER+690.1%AVNT+888.5%JTO+828.3%JUP+964.1%LDO+957.0%POPCAT+39.4%

Snapshot taken 2026-10-19 18:18 UTC; the page regenerates every minute. For live data, history charts and filters, open the live dashboard, or browse All coins.