Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h +0.203%

Price spread now: Coinbase International against Aster+0.582%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.582% dearer against Aster than usual: you sell high and buy low: +$58 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09642	0.0100	pay 0.0050% / 4h	5m 02s	$251K	$469K	20x
Short	Coinbase International XPL-PERP-INTX	0.09698	0.0616	get 0.0077% / 1h	5m 02s	$75K	$86K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.582%Rate

Funding earned: $108.36
Price spread: +0.582% → 0.000%: $58.18
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $148.54
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: live order book, 52 min ago; Coinbase International: no order-book sample. 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 Aster live order book, 52 min ago	4.70 bp	21.1 bp −$21	147.5 bp −$1,475	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	−0.0376%	1h	0.09625	−0.175%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09641	−0.014%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0269%	1h	0.09636	−0.061%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0132%	1h	0.09634	−0.082%	$178K	$224K	10x	as long as short
Bybit XPLUSDT	−0.0095%	4h	0.09613	−0.300%	$45.5M	$54.6M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09639	−0.027%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.479%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09640	−0.016%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0019%	4h	0.09632	−0.103%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0067%	8h	0.09635	−0.072%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPL_USDT	+0.0088%	4h	0.09630	−0.124%	$3.0M	$3.6M	75x	as long as short
Lighter XPL	+0.0096%	1h	0.09625	−0.175%	$4.4M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09632	−0.098%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09643	+0.008%	$60.9M	$46.8M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09642	long leg	$251K	$469K	20x
Pacifica XPL	+0.0100%	1h	0.09640	−0.020%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09616	−0.269%	$43.7M	$102.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09617	−0.258%	$8.3M	$49.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09625	−0.175%	$140K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09631	−0.113%	$12.4M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09639	−0.030%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09629	−0.134%	$8.7M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09626	−0.165%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09643	+0.009%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09651	+0.095%	$260K	$993K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.188%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09643	+0.013%	$126K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	−0.227%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	−0.124%	$197	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09639	−0.030%	$141K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09616	−0.271%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09630	−0.124%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09670	+0.291%	$196K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09627	−0.155%	$1.7M	$982K	75x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0616%	1h	0.09698	+0.582%	$75K	$86K	50x
Kraken Futures PF_XPLUSD	+0.3297%	1h	0.09677	+0.359%	$548K	$977K	10x	as long as short