Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0163%/8h= −17.8% APRpaid last 24h −0.065%

Price spread now: Deribit against Aster−0.008%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09587	0.0100	pay 0.0050% / 4h	1h 44m	$244K	$500K	20x
Short	Deribit XPL_USDC-PERPETUAL	0.09586	−0.0063	pay 0.0008% / 1h	44m 04s	$46K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$34.2
Price spread: −0.008% → 0.000%: −$0.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$49.95
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 18 min ago; Deribit: 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, 18 min ago	5.17 bp	23.5 bp −$23	157.5 bp −$1,575	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Backpack XPL_USDC_PERP	−0.0679%	1h	0.09593	+0.065%	$180K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0424%	1h	0.09567	−0.206%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0245% / S +0.0574%	1h	0.09582	−0.047%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUALshort	−0.0063%	1h	0.09586	−0.008%	$46K	$18K	25x
Orderly PERP_XPL_USDC	−0.0004%	4h	0.09581	−0.060%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09564	−0.239%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.029%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09583	−0.038%	$72K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09577	−0.101%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0033%	4h	0.09590	+0.034%	$8.3M	$53.2M	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	+0.0050%	8h	0.09567	−0.210%	$12K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09577	−0.104%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09597	+0.104%	$60.4M	$48.1M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09587	long leg	$244K	$500K	20x
Pacifica XPL	+0.0100%	1h	0.09570	−0.174%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09587	+0.008%	$43.5M	$108.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09582	−0.049%	$45.5M	$56.8M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.487%	$139K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09585	−0.018%	$2.9M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09587	+0.003%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09574	−0.133%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09591	+0.045%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09586	−0.008%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09526	−0.635%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09550	−0.383%	$258K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09550	−0.383%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09582	−0.049%	$127K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09570	−0.174%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	−0.070%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09574	−0.133%	$144K	$264K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09583	−0.034%	$632K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09578	−0.087%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	−0.143%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09561	−0.268%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09586	−0.008%	$74K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3575%	1h	0.09615	+0.293%	$545K	$1.0M	10x	as long as short