Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Aevo−0.073%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.073% cheaper against Aevo than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XPL-PERP	0.09705	0.0104	pay 0.0013% / 1h	11m 23s	$38K	$5K	3x
Short	Aster XPLUSDT	0.09698	0.0100	get 0.0050% / 4h	11m 23s	$251K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee AsterbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$0.84
Price spread: −0.073% → 0.000%: −$7.35
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.19
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 66 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 66 min ago	4.12 bp	19.4 bp −$19	111.3 bp −$1,113	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.0504%	1h	0.09685	−0.206%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0384%	1h	0.09688	−0.175%	$563	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0144% / S +0.0528%	1h	0.09705	+0.001%	$112K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0059%	1h	0.09708	+0.031%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09707	+0.023%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−21.995%	—	—	—	as long as short
Paradex XPL-USD-PERP	+0.0004%	8h	0.09690	−0.154%	$13K	$2K	5x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09706	+0.009%	$76K	—	150x	as long as short
Gate XPL_USDT	+0.0034%	4h	0.09697	−0.082%	$3.0M	$4.1M	75x	as long as short
Orderly PERP_XPL_USDC	+0.0040%	4h	0.09700	−0.052%	$29K	$335K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09698	−0.075%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09712	+0.067%	$62.6M	$48.2M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09698	−0.073%	$251K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09704	−0.006%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09697	−0.082%	$44.2M	$108.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09702	−0.031%	$47.1M	$55.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09701	−0.041%	$8.7M	$54.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09711	+0.063%	$141K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09697	−0.082%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09705	0.000%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09709	+0.041%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09700	−0.052%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09703	−0.021%	$179K	$282K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09698	−0.071%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09702	−0.029%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.155%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09707	+0.018%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09680	−0.258%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09700	−0.052%	$199	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09703	−0.021%	$138K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09700	−0.055%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERPlong	+0.0104%	1h	0.09705	long leg	$38K	$5K	3x
Phoenix XPL	+0.0327%	1h	0.09715	+0.103%	$197K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09702	−0.031%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09735	+0.309%	$72K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5120%	1h	0.09750	+0.460%	$563K	$1.0M	10x	as long as short