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: BingX against Aster+0.074%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$680.677% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.839%+$84 · spread now +0.074%, 7d avg −0.048%

Together, before fees+0.834%+ Points / potential airdropAster: Stage 5 · farm board+$83 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: BingX is 0.122% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09545	0.0100	pay 0.0050% / 4h	55m 00s	$242K	$489K	20x
Short	BingX XPL-USDT	0.09552	0.0100	get 0.0050% / 4h	55m 00s	—	$7.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → −0.048%: $12.22
Slippage, 4 orders: −$49.74
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$55.53
Costs to cover: 0.677%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; BingX: live order book, 13 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, 2 min ago	4.70 bp	21.1 bp −$21	147.5 bp −$1,475	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	5.22 bp	13.5 bp −$13	23.7 bp −$237	80.7 bp −$8,067	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
01 Exchange XPLUSD	−0.0424%	1h	0.09522	−0.240%	$554	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0322%	1h	0.09549	+0.043%	$177K	$227K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0287% / S +0.0599%	1h	0.09541	−0.036%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0274%	1h	0.09540	−0.051%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0142%	4h	0.09562	+0.179%	$45.3M	$56.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09520	−0.259%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−20.686%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0002%	4h	0.09538	−0.072%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09542	−0.025%	$72K	—	150x	as long as short
Lighter XPL	+0.0040%	1h	0.09534	−0.114%	$4.3M	$3.3M	10x	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	+0.0067%	8h	0.09515	−0.310%	$12K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0080%	4h	0.09570	+0.263%	$8.2M	$50.4M	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09528	−0.172%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09561	+0.171%	$60.0M	$48.2M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09545	long leg	$242K	$489K	20x
Pacifica XPL	+0.0100%	1h	0.09520	−0.261%	$217K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09558	+0.137%	$43.3M	$106.1M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09545	+0.001%	$3.0M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09545	+0.001%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09547	+0.022%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09553	+0.085%	$8.5M	$10.6M	75x	as long as short
BingX XPL-USDTshort	+0.0100%	4h	0.09552	+0.074%	—	$7.9M	—
Variational Omni XPL	+0.0100%	4h	0.09536	−0.094%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09565	+0.212%	$262K	$941K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.263%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09541	−0.043%	$127K	$2.1M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09520	−0.261%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09540	−0.051%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09553	+0.085%	$143K	$240K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09575	+0.315%	$139K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09540	−0.047%	$647K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09537	−0.083%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09576	+0.326%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09530	−0.156%	$1.7M	$993K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09606	+0.640%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3333%	1h	0.09572	+0.286%	$542K	$978K	10x	as long as short