Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Nado against Aster0.000%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$610.610% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.352%+$35 · spread now 0.000%, 7d avg −0.041%

Together, before fees+0.350%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$35 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: Nado is 0.041% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09840	0.0100	pay 0.0050% / 4h	2h 57m	$255K	$514K	20x
Short	Nado XPL-PERP	0.09840	0.0100	get 0.0012% / 1h	57m 30s	$1.4M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.041%: $4.05
Slippage, 4 orders: −$45.99
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$56.94
Costs to cover: 0.610%
Break-even: never at this rate

Slippage from Aster: live order book, 30 min ago; Nado: live order book, 1 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, 30 min ago	4.04 bp	25.4 bp −$25	174.9 bp −$1,749	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	2.03 bp	7.5 bp −$8	19.1 bp −$191	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	−0.0072%	1h	0.09835	−0.051%	$4.4M	$4.2M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0064% / S +0.0475%	1h	0.09860	+0.200%	$113K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0051%	1h	0.09852	+0.122%	$184K	$285K	10x	as long as short
01 Exchange XPLUSD	−0.0016%	1h	0.09836	−0.041%	$572	$582	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09836	−0.041%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.059%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09859	+0.193%	$49K	$17K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09862	+0.219%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09858	+0.183%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0099%	8h	0.09823	−0.174%	$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-PERPshort	+0.0100%	1h	0.09840	0.000%	$1.4M	$2.6M	10x
Aster XPLUSDTlong	+0.0100%	4h	0.09840	long leg	$255K	$514K	20x
Pacifica XPL	+0.0100%	1h	0.09840	0.000%	$223K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09839	−0.010%	$44.8M	$102.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09840	0.000%	$47.6M	$51.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09840	0.000%	$9.2M	$53.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+0.620%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09821	−0.193%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09823	−0.173%	$13.2M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09831	−0.091%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09847	+0.071%	$8.7M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09830	−0.102%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09899	+0.596%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09866	+0.266%	$268K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09890	+0.508%	$26K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09852	+0.124%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09860	+0.203%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09860	+0.203%	$208	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09863	+0.234%	$140K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09829	−0.108%	$701K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09855	+0.152%	$38K	$5K	3x	as long as short
Hyperliquid XPL	+0.0198%	1h	0.09854	+0.146%	$65.1M	$45.2M	10x	as long as short
Phoenix XPL	+0.0318%	1h	0.09912	+0.732%	$202K	$640K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09893	+0.539%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+1.270%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3454%	1h	0.09899	+0.604%	$296K	$674K	10x	as long as short