Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Aster+0.082%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$650.648% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.433%+$43 on $10k
Price spread, last 3 days (all we have)−0.255%−$25 · spread now +0.082%, 7d avg −0.060%
Together, before fees+0.178%+ Points / potential airdropAster: Stage 5 · farm board+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.142% dearer against Aster than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XPLUSDT0.097450.0100pay 0.0050% / 4h1h 23m$252K$526K20x
ShortBloFin XPL-USDT0.097530.0340get 0.0170% / 4h1h 23m$1.7M$1.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$50.4
Price spread: +0.082% → −0.060%
$14.19
Slippage, 4 orders
−$44.76
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$0.17
Costs to cover
0.648%
Break-even
7.0 days
Slippage from Aster: live order book, 59 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 59 min ago7.13 bp22.8 bp −$23163.5 bp −$1,635doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago1.55 bp14.3 bp −$1423.5 bp −$23579.1 bp −$7,913doesn't fit

XPL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack XPL_USDC_PERP−0.0304%1h0.09740−0.051%$177K$282K10xas long as short
Lighter XPL−0.0248%1h0.09727−0.185%$4.4M$4.1M10xas long as short
01 Exchange XPLUSD−0.0216%1h0.09739−0.062%$566$7085xas long as short
Deribit XPL_USDC-PERPETUAL−0.0161%1h0.09740−0.051%$47K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0109% / S +0.0505%1h0.09742−0.027%$112K100xas long as short
dYdX XPL-USD0.0000%1h0.09747+0.019%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07570−22.314%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09743−0.018%$72K150xas long as short
Orderly PERP_XPL_USDC+0.0072%4h0.09735−0.103%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0082%8h0.09742−0.030%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09742−0.036%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09753+0.085%$63.1M$47.7M10xas long as short
Aster XPLUSDTlong+0.0100%4h0.09745long leg$252K$526K20x
Pacifica XPL+0.0100%1h0.09749+0.043%$222K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09734−0.112%$43.9M$106.8M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09736−0.092%$48.0M$54.8M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09729−0.164%$8.9M$53.9M50xas long as short
Bulk XPL-USD+0.0100%1h0.09688−0.583%$141K$10K10xas long as short
Gate XPL_USDT+0.0100%4h0.09740−0.051%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09735−0.103%$12.6M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09741−0.041%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09744−0.010%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09734−0.113%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09689−0.572%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09766+0.215%$260K$787K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09780+0.359%$25K$87K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09752+0.068%$129K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09730−0.154%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09740−0.051%$448$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09763+0.185%$138K$246K20xas long as short
Extended XPL-USD+0.0104%1h0.09734−0.114%$660K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09740−0.051%$38K$5K3xas long as short
BloFin XPL-USDTshort+0.0340%4h0.09753+0.082%$1.7M$1.2M75x
Phoenix XPL+0.0412%1h0.09703−0.431%$196K$652K10xas long as short
Coinbase International XPL-PERP-INTX+0.0792%1h0.09760+0.154%$72K$104K50xas long as short
Kraken Futures PF_XPLUSD+0.4579%1h0.09803+0.600%$563K$994K10xas long as short