XPL Funding Rate Today
Current XPL funding across major exchanges, including advertised APR, model-adjusted apr, and Mirage context.
XPL funding is currently positive across tracked venues, but model-adjusted APR remains materially below the headline annualized signal.
Current XPL funding by exchange
Mirage is material, so model-adjusted APR remains notably below the advertised annualized funding signal.
Advertised APR is annualized from current funding. Model-Adjusted APR is a public estimate after Mirage and execution-aware adjustments.
See Bybit funding indexFunding rate is the periodic transfer between longs and shorts in perpetual futures. A positive annualized rate can still degrade materially once fees, decay, and crowding are applied.
Read methodologyReview funding rate riskValidation status for this public metric.
Supported means stronger observed coverage. Calibration and exploratory indicate weaker empirical depth.
XPL Funding Rate FAQ
What is the current XPL funding rate?
The average XPL funding rate across major exchanges is 912.5% advertised APR. After model adjustments for execution reality, the model-adjusted APR is approximately 350.5%.
Which exchange has the best XPL funding rate?
Currently, Bybit offers the best model-adjusted APR for XPL perpetual futures funding. This accounts for execution costs, decay, and crowding effects that reduce headline yields.
How much of XPL funding yield actually survives?
The current Mirage for XPL is 61.6%, meaning approximately 38.4% of the headline annualized funding survives execution reality. Mirage accounts for fees, basis drag, decay, and crowding.
When is the next XPL funding payment?
Funding payments occur at fixed intervals: Bybit: 4h, OKX: 4h, Binance: 8h. The exact next payment time depends on the exchange, but perpetual futures funding typically settles every 8 hours on most venues.
What factors affect XPL perpetual futures funding?
XPL funding rates are driven by the balance between long and short positions, spot-perpetual basis, market sentiment, and leverage demand. High positive funding indicates bullish crowding; negative funding suggests bearish pressure.