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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Aster+0.024%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.024%, 7d avg −0.042%

Together, before fees−0.175%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.065% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09556	0.0100	pay 0.0050% / 4h	1h 45m	$243K	$500K	20x
Short	Binance XPLUSDT	0.09558	0.0100	get 0.0050% / 4h	1h 45m	$43.4M	$108.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → −0.042%: $6.52
Slippage, 4 orders: −$42.72
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.21
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from Aster: live order book, 17 min ago; Binance: live order book, 12 min ago.

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 Aster live order book, 17 min ago	5.17 bp	23.5 bp −$23	157.5 bp −$1,575	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.52 bp	9.7 bp −$10	23.7 bp −$237	104.1 bp −$10.4K	doesn't fit

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
Backpack XPL_USDC_PERP	−0.0732%	1h	0.09551	−0.050%	$179K	$243K	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09552	−0.039%	$555	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0244% / S +0.0574%	1h	0.09563	+0.071%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0168%	1h	0.09567	+0.118%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0003%	4h	0.09562	+0.065%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09548	−0.083%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.774%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09561	+0.059%	$72K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09537	−0.196%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0035%	4h	0.09565	+0.097%	$8.2M	$53.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0048%	8h	0.09552	−0.044%	$12K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09560	+0.044%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09568	+0.127%	$60.2M	$48.1M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09556	long leg	$243K	$500K	20x
Pacifica XPL	+0.0100%	1h	0.09552	−0.042%	$218K	$47K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09558	+0.024%	$43.4M	$108.5M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09557	+0.013%	$45.4M	$56.8M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.165%	$139K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09557	+0.013%	$2.9M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09555	−0.008%	$12.3M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09551	−0.050%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09568	+0.128%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09558	+0.024%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09526	−0.313%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09550	−0.060%	$258K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09550	−0.060%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09568	+0.127%	$127K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.060%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.044%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09558	+0.024%	$144K	$264K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09563	+0.074%	$629K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09559	+0.034%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	+0.181%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09561	+0.055%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09574	+0.191%	$74K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3584%	1h	0.09592	+0.381%	$544K	$1.0M	10x	as long as short