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 0.000%

Price spread now: KuCoin against Aster−0.070%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+1.005%+$101 · spread now −0.070%, 7d avg −0.008%

Together, before fees+1.005%+ Points / potential airdropAster: Stage 5 · farm board+$101 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: KuCoin is 0.062% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09600	0.0100	pay 0.0050% / 4h	1h 41m	$244K	$500K	20x
Short	KuCoin XPLUSDTM	0.09593	0.0100	get 0.0050% / 4h	1h 41m	$2.3M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.008%: −$6.19
Slippage, 4 orders: −$76.82
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from Aster: live order book, 21 min ago; KuCoin: live order book, 5 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, 21 min ago	5.17 bp	23.5 bp −$23	157.5 bp −$1,575	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	11.02 bp	22.6 bp −$23	153.8 bp −$1,538	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
Backpack XPL_USDC_PERP	−0.0606%	1h	0.09594	−0.059%	$181K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09586	−0.143%	$557	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0271%	1h	0.09592	−0.080%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0247% / S +0.0576%	1h	0.09602	+0.027%	$106K	—	100x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09592	−0.080%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09596	−0.036%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.136%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09602	+0.029%	$72K	—	150x	as long as short
Lighter XPL	+0.0024%	1h	0.09584	−0.163%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0034%	4h	0.09599	−0.007%	$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	+0.0052%	8h	0.09590	−0.098%	$12K	$2K	5x	as long as short
Gate XPL_USDT	+0.0098%	4h	0.09594	−0.059%	$2.9M	$3.7M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09599	−0.005%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09603	+0.030%	$60.4M	$48.2M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09600	long leg	$244K	$500K	20x
Pacifica XPL	+0.0100%	1h	0.09596	−0.033%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09599	−0.007%	$43.4M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09593	−0.070%	$45.5M	$56.8M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.622%	$139K	$7K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09593	−0.070%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTMshort	+0.0100%	4h	0.09593	−0.070%	$2.3M	$1.5M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09601	+0.014%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09592	−0.080%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09587	−0.136%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09616	+0.168%	$260K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	+0.212%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09610	+0.106%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09580	−0.205%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09590	−0.101%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09605	+0.055%	$144K	$264K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09588	−0.120%	$632K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09590	−0.101%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	−0.278%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09603	+0.035%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.420%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3569%	1h	0.09631	+0.325%	$546K	$1.0M	10x	as long as short