Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Aster−0.071%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1401.398% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 3 days (all we have)−0.350%−$35 · spread now −0.071%, 7d avg −0.067%

Together, before fees−0.176%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09771	0.0100	pay 0.0050% / 4h	2h 34m	$253K	$527K	20x
Short	HTX XPL-USDT	0.09764	0.0100	get 0.0050% / 4h	2h 34m	$138K	$245K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.067%: −$0.37
Slippage, 4 orders: −$119.81
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$140.18
Costs to cover: 1.398%
Break-even: never at this rate

Slippage from Aster: live order book, 53 min ago; HTX: live order book, 52 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, 53 min ago	4.04 bp	25.4 bp −$25	174.9 bp −$1,749	doesn't fit	doesn't fit
Sell HTX live order book, 52 min ago	10.11 bp	78.4 bp −$78	doesn't fit	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
Lighter XPL	−0.0104%	1h	0.09752	−0.194%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0074% / S +0.0482%	1h	0.09765	−0.057%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09764	−0.069%	$8K	—	5x	as long as short
01 Exchange XPLUSD	0.0000%	1h	0.09760	−0.112%	$567	$582	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.519%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09770	−0.010%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09766	−0.048%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0013%	1h	0.09768	−0.030%	$178K	$283K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09767	−0.040%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0094%	8h	0.09762	−0.089%	$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	0.09763	−0.079%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09776	+0.052%	$62.8M	$47.1M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09771	long leg	$253K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09767	−0.039%	$221K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09763	−0.080%	$44.1M	$104.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09761	−0.102%	$47.6M	$53.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09761	−0.102%	$9.0M	$53.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09822	+0.527%	$142K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09760	−0.112%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09761	−0.102%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09758	−0.132%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09763	−0.081%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09760	−0.112%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09764	−0.069%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09763	−0.082%	$264K	$786K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	+0.093%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09779	+0.084%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09750	−0.214%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09760	−0.112%	$200	$10K	10x	as long as short
HTX XPL-USDTshort	+0.0100%	4h	0.09764	−0.071%	$138K	$245K	20x
Extended XPL-USD	+0.0104%	1h	0.09760	−0.108%	$658K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09768	−0.025%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09769	−0.020%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09766	−0.051%	$197K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.748%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3486%	1h	0.09808	+0.380%	$516K	$939K	10x	as long as short