Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Aster+0.057%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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. gTrade (Gains Network) is 0.057% dearer against Aster than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09734	0.0100	pay 0.0050% / 4h	2h 51m	$252K	$527K	20x
Short	gTrade (Gains Network) XPL/USD	0.09740	L +0.0005% / S −0.0004%	get 0.0000% / 1h	51m 46s	$72K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.057%Rate

Funding earned: −$20.18
Price spread: +0.057% → 0.000%: $5.7
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$32.48
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 35 min ago; gTrade (Gains Network): 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, 35 min ago	4.04 bp	25.4 bp −$25	174.9 bp −$1,749	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0277%	1h	0.09740	+0.062%	$180K	$283K	10x	as long as short
Lighter XPL	−0.0240%	1h	0.09722	−0.123%	$4.4M	$4.2M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0067% / S +0.0477%	1h	0.09741	+0.073%	$112K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0058%	1h	0.09741	+0.072%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09723	−0.115%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.223%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0004%	1h	0.09740	+0.057%	$72K	—	150x
Orderly PERP_XPL_USDC	+0.0079%	4h	0.09734	0.000%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0096%	8h	0.09716	−0.182%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09738	+0.044%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09728	−0.058%	$63.0M	$46.7M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09734	long leg	$252K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09719	−0.151%	$220K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09722	−0.123%	$44.3M	$103.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09719	−0.154%	$47.0M	$52.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09728	−0.062%	$9.0M	$52.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+1.716%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09733	−0.010%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09726	−0.082%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09723	−0.113%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09732	−0.021%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09723	−0.113%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09837	+1.063%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09760	+0.266%	$265K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	+1.089%	$25K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09745	+0.111%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09720	−0.144%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09730	−0.041%	$199	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09702	−0.329%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09725	−0.092%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09742	+0.080%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09717	−0.175%	$1.8M	$1.2M	75x	as long as short
01 Exchange XPLUSD	+0.0448%	1h	0.09714	−0.205%	$565	$582	5x	as long as short
Phoenix XPL	+0.0485%	1h	0.09742	+0.082%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+2.373%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3475%	1h	0.09842	+1.107%	$469K	$878K	10x	as long as short