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XPL perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-09-09 13:54 UTC

XPL is quoted on 9 contracts. The highest funding rate is on Hyperliquid at +13.90% annualised over a 1h rate period, and the lowest is on Bybit at -19.59% — a gap of 33.49 points. Rate periods differ by venue, so rates are normalised to simple annualised values. Payment direction depends on whether the position is long or short.

Highest rate now
+13.90%
Hyperliquid · 1h
Lowest rate now
-19.59%
Bybit · 4h
Spread
33.49
points
Highest 30d realised APR
+15.48%
Hyperliquid

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
HyperliquidOn-chainXPL +0.0016%1h +13.90% +15.48%
Annualised · +15.48% · range -8.4% … +148.0% · 713 settlements
10x 17.4M
AsterOn-chainXPLUSDT +0.0050%4h +10.95%
no history yet
417.7K
BinanceCentralisedXPLUSDT +0.0050%4h +10.95% +7.22%
Annualised · +7.22% · range -22.3% … +11.0% · 98 settlements
75x 55.8M
BybitCentralisedXPLUSDT +0.0050%4h +10.95% +5.83%
Annualised · +5.83% · range -58.4% … +11.0% · 178 settlements
75x 32.3M
GateCentralisedXPL_USDT +0.0050%4h +10.95% +7.97%
Annualised · +7.97% · range -35.0% … +11.0% · 178 settlements
75x 1.8M
OKXCentralisedXPL-USDT-SWAP +0.0050%4h +10.95% +10.90%
Annualised · +10.90% · range +6.7% … +11.0% · 178 settlements
50x 34.3M
LighterOn-chainXPL +0.0096%8h +10.51%
no history yet
10x 2.9M
BitgetCentralisedXPLUSDT -0.0049%4h -10.73% +8.96%
Annualised · +8.96% · range -26.9% … +11.0% · 178 settlements
75x 7.4M
BybitCentralisedXPLPERP -0.0089%4h -19.59%
no history yet
50x 320.9K

XPL comparison scope and payment direction

This page retains low-turnover XPL contracts without the main ranking’s $1M threshold. Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. Contracts can use different quote currencies, settlement currencies and multipliers; check their specifications before comparing. Annualisation method · Official sources.

Rates and chart methodology

Annualised over the window sums what actually settled on that contract, then extrapolates across the hours those settlements covered — it is not today's rate projected forward. A contract listed less than 30 days ago is extrapolated from its own span. The grey line is zero: above it longs pay, below it shorts pay. Every row in that column shares one vertical scale, so their swings can be compared directly.

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Margin ladders

Hyperliquid · XPL With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 3000000 quote 5.0000% 10.00x
2 3000000 – ∞ quote 10.0000% 5.00x 150000

Binance · XPLUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 75.00x
2 5000 – 10000 quote 1.5000% 50.00x 25
3 10000 – 50000 quote 2.0000% 25.00x 75
4 50000 – 100000 quote 2.5000% 20.00x 325
5 100000 – 175000 quote 3.3300% 15.00x 1155
6 175000 – 250000 quote 5.0000% 10.00x 4077.5
7 250000 – 750000 quote 10.0000% 5.00x 16577.5
8 750000 – 1500000 quote 12.5000% 4.00x 35327.5
9 1500000 – 4500000 quote 16.6700% 3.00x 97877.5
10 4500000 – 7500000 quote 25.0000% 2.00x 472727.5
11 7500000 – 12500000 quote 50.0000% 1.00x 2347727.5

Bybit · XPLUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 75.00x
2 5000 – 25000 quote 1.5000% 50.00x 25
3 25000 – 50000 quote 1.7500% 33.00x 87.5
4 50000 – 100000 quote 2.0000% 25.00x 212.5
5 100000 – 150000 quote 2.5000% 20.00x 712.5
6 150000 – 200000 quote 2.6300% 19.00x 907.5
7 200000 – 250000 quote 2.7800% 18.00x 1207.5
8 250000 – 300000 quote 2.9400% 17.00x 1607.5
9 300000 – 350000 quote 3.1300% 16.00x 2177.5
10 350000 – 400000 quote 3.3300% 15.00x 2877.5
11 400000 – 450000 quote 3.5700% 14.00x 3837.5
12 450000 – 500000 quote 3.8500% 13.00x 5097.5
13 500000 – 550000 quote 4.1700% 12.00x 6697.5
14 550000 – 600000 quote 4.5500% 11.00x 8787.5
15 600000 – 700000 quote 5.0000% 10.00x 11487.5
16 700000 – 800000 quote 5.5600% 9.00x 15407.5
17 800000 – 900000 quote 5.8800% 8.50x 17967.5
18 900000 – 1000000 quote 6.2500% 8.00x 21297.5
19 1000000 – 1500000 quote 6.6700% 7.50x 25497.5
20 1500000 – 2000000 quote 7.1400% 7.00x 32547.5
21 2000000 – 2500000 quote 7.6900% 6.50x 43547.5
22 2500000 – 3000000 quote 8.3300% 6.00x 59547.5
23 3000000 – 3500000 quote 9.0900% 5.50x 82347.5
24 3500000 – 4000000 quote 10.0000% 5.00x 114197.5
25 4000000 – 4500000 quote 11.1100% 4.50x 158597.5
26 4500000 – 5000000 quote 12.5000% 4.00x 221147.5
27 5000000 – 6000000 quote 14.2900% 3.50x 310647.5
28 6000000 – 7000000 quote 16.6700% 3.00x 453447.5
29 7000000 – 8000000 quote 20.0000% 2.50x 686547.5
30 8000000 – ∞ quote 25.0000% 2.00x 1086547.5

Gate · XPL_USDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 0.8333% 75.00x
2 5000 – 10000 quote 1.0000% 50.00x 8.335
3 10000 – 20000 quote 1.5000% 40.00x 58.335
4 20000 – 50000 quote 2.0000% 30.00x 158.335
5 50000 – 70000 quote 2.5000% 25.00x 408.335
6 70000 – 100000 quote 3.0000% 20.00x 758.335
7 100000 – 200000 quote 4.0000% 16.00x 1758.335
8 200000 – 300000 quote 5.0000% 14.00x 3758.335
9 300000 – 500000 quote 6.0000% 12.00x 6758.335
10 500000 – 700000 quote 8.0000% 10.00x 16758.335
11 700000 – 1000000 quote 10.0000% 8.00x 30758.335
12 1000000 – 1500000 quote 12.0000% 6.00x 50758.335
13 1500000 – 2000000 quote 15.0000% 5.00x 95758.335
14 2000000 – 2500000 quote 20.0000% 4.00x 195758.335
15 2500000 – 3000000 quote 30.0000% 3.00x 445758.335
16 3000000 – 4000000 quote 45.0000% 2.00x 895758.335
17 4000000 – 5000000 quote 60.0000% 1.50x 1495758.335
18 5000000 – ∞ quote 90.0000% 1.05x 2995758.335

Lighter · XPL No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – ∞ quote 6.0000% 10.00x

Bitget · XPLUSDT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 75.00x
2 5000 – 10000 quote 1.5000% 50.00x
3 10000 – 50000 quote 2.0000% 25.00x
4 50000 – 100000 quote 2.5000% 20.00x
5 100000 – 250000 quote 5.0000% 10.00x
6 250000 – 750000 quote 10.0000% 5.00x
7 750000 – 1500000 quote 12.5000% 4.00x
8 1500000 – 7500000 quote 30.0000% 2.00x
9 7500000 – ∞ quote 60.0000% 1.00x

Bybit · XPLPERP With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 0.8000% 50.00x
2 5000 – 25000 quote 1.1100% 45.00x 15.5
3 25000 – 50000 quote 1.2500% 40.00x 50.5
4 50000 – 75000 quote 1.4300% 35.00x 140.5
5 75000 – 100000 quote 1.6700% 30.00x 320.5
6 100000 – 125000 quote 2.0000% 25.00x 650.5
7 125000 – 150000 quote 2.5000% 20.00x 1275.5
8 150000 – 175000 quote 3.0000% 16.67x 2025.5
9 175000 – 200000 quote 3.5000% 14.29x 2900.5
10 200000 – 225000 quote 4.0000% 12.50x 3900.5
11 225000 – 250000 quote 4.5000% 11.11x 5025.5
12 250000 – 275000 quote 5.0000% 10.00x 6275.5
13 275000 – 300000 quote 5.5000% 9.09x 7650.5
14 300000 – 350000 quote 6.0000% 8.33x 9150.5
15 350000 – 375000 quote 6.5000% 7.69x 10900.5
16 375000 – 850000 quote 7.0000% 7.14x 12775.5
17 850000 – 950000 quote 7.5000% 6.67x 17025.5
18 950000 – 1050000 quote 8.0000% 6.25x 21775.5
19 1050000 – 1150000 quote 8.5000% 5.88x 27025.5
20 1150000 – 1250000 quote 9.0000% 5.56x 32775.5
21 1250000 – 1350000 quote 11.0000% 4.55x 57775.5
22 1350000 – 1450000 quote 13.0000% 3.85x 84775.5
23 1450000 – 1550000 quote 15.0000% 3.33x 113775.5
24 1550000 – 1650000 quote 17.0000% 2.94x 144775.5
25 1650000 – 1750000 quote 19.0000% 2.63x 177775.5
26 1750000 – 1850000 quote 21.0000% 2.38x 212775.5
27 1850000 – 1950000 quote 23.0000% 2.17x 249775.5
28 1950000 – 2050000 quote 25.0000% 2.00x 288775.5
29 2050000 – 2150000 quote 33.0000% 1.50x 452775.5
30 2150000 – ∞ quote 60.0000% 1.00x 1033275.5