Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against Aster−0.056%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 4 days (all we have)+0.665%+$66 · spread now −0.056%, 7d avg −0.023%

Together, before fees+0.489%+ Points / potential airdropAster: Stage 5 · farm board+$49 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.033% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09635	0.0100	pay 0.0050% / 4h	32m 15s	$242K	$460K	20x
Short	Gate XPL_USDT	0.09630	0.0100	get 0.0050% / 4h	32m 15s	$3.0M	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.023%: −$3.26
Slippage, 4 orders: −$65.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.05
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from Aster: live order book, 25 min ago; Gate: live order book, 6 min ago.

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, 25 min ago	4.70 bp	21.1 bp −$21	147.5 bp −$1,475	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	2.10 bp	25.3 bp −$25	139.0 bp −$1,390	doesn't fit	doesn't fit

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	−0.0400%	1h	0.09622	−0.139%	$559	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0303% / S +0.0610%	1h	0.09633	−0.024%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0269%	1h	0.09630	−0.056%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0112%	4h	0.09629	−0.066%	$45.6M	$54.7M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09625	−0.111%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.428%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0005%	1h	0.09633	−0.024%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0012%	4h	0.09628	−0.077%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0077%	8h	0.09625	−0.106%	$13K	$2K	5x	as long as short
Backpack XPL_USDC_PERP	+0.0087%	1h	0.09634	−0.014%	$179K	$221K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09630	−0.056%	$4.4M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09622	−0.134%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09641	+0.059%	$60.7M	$46.8M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09635	long leg	$242K	$460K	20x
Pacifica XPL	+0.0100%	1h	0.09630	−0.056%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09629	−0.066%	$43.7M	$103.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09631	−0.045%	$8.3M	$49.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09550	−0.886%	$139K	$5K	10x	as long as short
Gate XPL_USDTshort	+0.0100%	4h	0.09630	−0.056%	$3.0M	$3.6M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09628	−0.077%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09614	−0.222%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09648	+0.131%	$8.6M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09631	−0.045%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09520	−1.199%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09551	−0.877%	$259K	$975K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	−0.678%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09642	+0.065%	$128K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	−0.160%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	+0.048%	$194	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09627	−0.087%	$141K	$208K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09631	−0.040%	$649K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09635	−0.004%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09585	−0.523%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09619	−0.170%	$1.7M	$983K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09571	−0.668%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3299%	1h	0.09668	+0.343%	$548K	$975K	10x	as long as short