XPL/USDT
Last updated: 9/16/2026, 4:52:00 AM
Moderate leverage or liquidation pressure
Pulse signals— velocity & rarity composite
What's moving fast right now. Independent from the static stress score.
Stress-score timeline
Recent track record
23/40 correctThis pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Of the ~500 Hyperliquid accounts we track, 17 hold XPL: $3.23M long across 3 positions and $10.53M short across 14 positions — net $7.30M short. No tracked liquidation level sits within 60% of the $0.08110 Hyperliquid mark. That is the 2026-09-16 23:59 UTC whale sweep; the interactive panel below reloads it on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $0.08051 | $0.0805 | $0.08051 |
| OI (USD) | $32.34M | $32.91M | $2.10M |
| OI share | 48.0% | 48.9% | 3.1% |
| OI (tokens) | 401,647,225 | 408,788,042 | 26,137,556 |
| Funding rate | 0.0021% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other BTC-trackers
XPL sits in the BTC-trackers cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way XPL's does:
- BIRB0.37-10.0%
- DOT0.37-4.2%
- RAYSOL0.37-6.4%
- PUNDIX0.37+5.7%
- ENS0.36-5.9%
- XRP0.43-9.1%
- VTHO0.50+14.3%
- PYTH0.07-5.8%
Stress score (0–1) and 24h price change, from the same daily sync as this page.
XPL perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
What are XPL's current liquidation levels?
Across the exchanges we aggregate, $267.0K of XPL positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for XPLUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.
How much open interest does XPL have right now?
Aggregated open interest in XPL perpetuals is $67.35M: $32.34M on Binance (48%), $32.91M on Bybit (49%) and $2.10M on KuCoin (3%). That position base is -2.2% over 24 hours and -18.2% over the last week. Open interest is 1.71× the pair's 24-hour volume, so positions are being held rather than churned.
What is XPL's funding rate?
Binance settles XPLUSDT funding at 0.0021% every 8 hours, which annualises to roughly 2.3%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $0.64 a day to stay open.
Are whales long or short XPL?
Among the ~500 largest Hyperliquid accounts we track, 17 hold positions of $100k or more in XPL: $3.23M long across 3 and $10.53M short across 14 — a net $7.30M short. At the start of the tracked week that net figure was $7.52M short. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and XPL is one of them.
Is XPL over-leveraged right now?
XPL's leverage-stress score is 0.365 out of 1.0, which we band as medium risk. It blends three readings: how big the perp book is next to the token itself ($168.79M of market cap against $67.35M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($267.0K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.
Has XPL seen heavy liquidations lately?
Over the last 30 complete days, 80% of the XPL notional that got liquidated was long positions and 20% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 92nd percentile of the last 90 days, meaning today is unusually heavy for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.
XPL/USDT (XPLUSDT) perpetual futures shows a leverage-stress score of 0.365 out of 1.0 (medium risk), $67.35M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0021% as of Sep 16, 2026. These are diagnostic readings of market conditions, not a trade signal.