Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Aster−0.024%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.309%+$31 · spread now −0.024%, 7d avg −0.034%

Together, before fees+0.285%+ Points / potential airdropAster: Stage 5 · farm board+$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09551	0.0100	pay 0.0050% / 4h	2h 41m	$247K	$430K	20x
Short	MEXC XPL_USDT	0.09549	0.0100	get 0.0050% / 4h	2h 41m	$12.5M	$6.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.034%: $1.05
Slippage, 4 orders: −$33.48
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$40.44
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; MEXC: live order book, 2 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, 6 min ago	6.27 bp	23.3 bp −$23	174.5 bp −$1,745	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.52 bp	1.2 bp −$1	5.9 bp −$59	87.2 bp −$8,720	234.4 bp −$117.2K

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
Deribit XPL_USDC-PERPETUAL	−0.0273%	1h	0.09551	−0.003%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09556	+0.044%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0208%	1h	0.09549	−0.024%	$555	$708	5x	as long as short
Lighter XPL	−0.0008%	1h	0.09540	−0.118%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09569	+0.182%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.734%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09557	+0.060%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09548	−0.034%	$29K	$320K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0059%	1h	0.09565	+0.144%	$174K	$190K	10x	as long as short
Paradex XPL-USD-PERP	+0.0064%	8h	0.09556	+0.050%	$12K	$696	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	0.09550	−0.008%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09568	+0.174%	$60.4M	$46.8M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09551	long leg	$247K	$430K	20x
Pacifica XPL	+0.0100%	1h	0.09567	+0.167%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09535	−0.171%	$43.2M	$100.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09548	−0.034%	$45.3M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09548	−0.034%	$8.1M	$48.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	+0.148%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09552	+0.007%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDTshort	+0.0100%	4h	0.09549	−0.024%	$12.5M	$6.9M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09559	+0.081%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09555	+0.039%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09550	−0.013%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09566	+0.152%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09588	+0.389%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.196%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09563	+0.127%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09530	−0.223%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09550	−0.013%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09592	+0.426%	$140K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09545	−0.065%	$636K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09549	−0.021%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09575	+0.248%	$194K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09548	−0.034%	$1.7M	$943K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.929%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2901%	1h	0.09584	+0.342%	$545K	$988K	10x	as long as short