Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against ApeX Omni−0.143%89s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

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 0.143% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XPLUSDT	0.09570	0.0100	pay 0.0013% / 1h	54m 07s	$25K	$83K	50x
Short	Aster XPLUSDT	0.09556	0.0100	get 0.0050% / 4h	54m 07s	$242K	$488K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → 0.000%: −$14.34
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.34
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Aster: live order book, 3 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	4.70 bp	17.7 bp −$18	129.6 bp −$1,296	doesn't fit	doesn't fit

ApeX Omni: 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
01 Exchange XPLUSD	−0.0392%	1h	0.09552	−0.188%	$555	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0288% / S +0.0599%	1h	0.09556	−0.143%	$105K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0192%	1h	0.09556	−0.146%	$177K	$227K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0169%	1h	0.09550	−0.209%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0130%	4h	0.09550	−0.209%	$45.2M	$56.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09570	−0.003%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.892%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0002%	4h	0.09545	−0.261%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09558	−0.129%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0068%	8h	0.09560	−0.109%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0084%	4h	0.09556	−0.146%	$8.2M	$50.2M	50x	as long as short
Lighter XPL	+0.0096%	1h	0.09543	−0.282%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09559	−0.115%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09563	−0.068%	$60.0M	$47.1M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09556	−0.143%	$242K	$488K	20x
Pacifica XPL	+0.0100%	1h	0.09570	+0.001%	$218K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09553	−0.178%	$43.3M	$106.0M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09556	−0.146%	$3.0M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09551	−0.199%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09557	−0.136%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09560	−0.104%	$8.5M	$10.5M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09551	−0.199%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09536	−0.356%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09565	−0.051%	$262K	$941K	10x	as long as short
ApeX Omni XPLUSDTlong	+0.0100%	1h	0.09570	long leg	$25K	$83K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09566	−0.040%	$127K	$2.1M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09530	−0.418%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09550	−0.209%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09565	−0.052%	$143K	$238K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	−0.052%	$139K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09548	−0.226%	$647K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09545	−0.261%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09576	+0.063%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09530	−0.418%	$1.7M	$993K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09606	+0.376%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3328%	1h	0.09586	+0.168%	$543K	$978K	10x	as long as short