Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Aster+0.087%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 dYdX

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 pays, funding is against you. dYdX is 0.087% dearer against Aster than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09730	0.0100	pay 0.0050% / 4h	2h 54m	$252K	$515K	20x
Short	dYdX XPL-USD	0.09738	0	get 0.0000% / 1h	54m 30s	$8K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$21
Price spread: +0.087% → 0.000%: $8.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$30.26
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 33 min ago; dYdX: 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, 33 min ago	4.04 bp	25.4 bp −$25	174.9 bp −$1,749	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Lighter XPL	−0.0408%	1h	0.09718	−0.123%	$4.4M	$4.2M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0260%	1h	0.09798	+0.699%	$49K	$17K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0186%	1h	0.09793	+0.647%	$183K	$282K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0065% / S +0.0476%	1h	0.09801	+0.733%	$112K	—	100x	as long as short
dYdX XPL-USDshort	0.0000%	1h	0.09738	+0.087%	$8K	—	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.190%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09800	+0.724%	$72K	—	150x	as long as short
01 Exchange XPLUSD	+0.0016%	1h	0.09787	+0.586%	$569	$582	5x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09796	+0.678%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0096%	8h	0.09726	−0.037%	$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
Nado XPL-PERP	+0.0100%	1h	0.09717	−0.136%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09728	−0.017%	$63.4M	$46.3M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09730	long leg	$252K	$515K	20x
Pacifica XPL	+0.0100%	1h	0.09732	+0.020%	$220K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09722	−0.083%	$44.3M	$103.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09718	−0.123%	$46.9M	$52.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09724	−0.062%	$9.0M	$52.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+1.757%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09718	−0.123%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09727	−0.031%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09737	+0.072%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09740	+0.103%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09710	−0.206%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09837	+1.104%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09841	+1.143%	$267K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	+1.131%	$25K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09728	−0.022%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09780	+0.514%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09790	+0.617%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09833	+1.059%	$139K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09717	−0.133%	$668K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09802	+0.741%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0318%	1h	0.09887	+1.614%	$202K	$646K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09798	+0.699%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+2.415%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3466%	1h	0.09865	+1.383%	$310K	$691K	10x	as long as short