Question 1

What is a perpetual future?

Accepted Answer

A perpetual future tracks the spot price of an asset without an expiry date. Traders post collateral to control a larger notional position and pay or receive a periodic funding fee that keeps the perpetual price aligned with spot.

Question 2

Why trade XPL on VOOI Ultra?

Accepted Answer

VOOI Ultra routes XPL orders across supported venues (Hyperliquid, Lighter, Aster, Extended, Binance, trade.xyz, and Kinetiq) from a single non-custodial interface — whether it's trading app or trading via CLI/MCP/API. You see every venue's depth and fees side by side to choose the best execution at any moment.

Question 3

How is the funding rate set?

Accepted Answer

Each venue computes its own XPL funding rate from the gap between the perpetual price and the spot index. Positive rates mean longs pay shorts; negative rates flip the direction. The funding interval differs per venue and is shown on each venue card above.

Question 4

Can I arbitrage XPL funding rates?

Accepted Answer

Use Funding Arbitrage to spot delta-neutral spreads across two supported venues. Farm the difference per venue and execute low-risk trading strategy via VOOI with historical backtests and one-click funding rate arbitrage strategy setup.

Metric	Hyperliquid-2.79%	Lighter-1.00%	Aster-2.90%	Extended-0.03%	Binance-2.79%
Mid price	$0.1075	$0.1074	$0.1073	$0.1072	$0.1073
QuoteAsset	USDC	USDC	USDT	USD	USDT
FundingAnnualized APR	+0.0013%+10.9% APR	+0.0012%+10.5% APR	-0.0029%LOWEST-25.0% APR	+0.0013%+11.4% APR	+0.0013%+10.9% APR
Open InterestUSD notional	$40.67M	$1.44M	$118.6K	$491.6K	$42.91MDEEPEST
24h Volume	$13.41M	$722.3K	$422.1K	$1.29M	$36.74MHIGHEST
Max leverage	10×	10×	20×	25×	75×HIGHEST
Next funding	—	—	—	—	—
	Trade on Hyperliquid	Trade on Lighter	Trade on Aster	Trade on Extended	Trade on Binance

XPLPerpetual Futures

XPL Perp Trading on VOOI Ultra

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