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: OKX against Aster−0.035%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.035%, 7d avg −0.033%

Together, before fees−0.150%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09798	0.0100	pay 0.0050% / 4h	2h 55m	$254K	$514K	20x
Short	OKX XPL-USDT-SWAP	0.09795	0.0100	get 0.0050% / 4h	2h 55m	$9.2M	$52.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.033%: −$0.13
Slippage, 4 orders: −$54.41
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.54
Costs to cover: 0.724%
Break-even: never at this rate

Slippage from Aster: live order book, 31 min ago; OKX: live order book, 3 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, 31 min ago	4.04 bp	25.4 bp −$25	174.9 bp −$1,749	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.51 bp	15.9 bp −$16	44.5 bp −$445	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
Deribit XPL_USDC-PERPETUAL	−0.0157%	1h	0.09829	+0.312%	$49K	$17K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0136%	1h	0.09808	+0.098%	$183K	$282K	10x	as long as short
Lighter XPL	−0.0128%	1h	0.09784	−0.147%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0104%	1h	0.09787	−0.116%	$569	$582	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0065% / S +0.0475%	1h	0.09828	+0.306%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09789	−0.097%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.733%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09829	+0.311%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09829	+0.312%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0097%	8h	0.09789	−0.098%	$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	0.09791	−0.078%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09799	+0.006%	$64.5M	$45.5M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09798	long leg	$254K	$514K	20x
Pacifica XPL	+0.0100%	1h	0.09794	−0.043%	$222K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09793	−0.059%	$44.6M	$102.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09791	−0.075%	$47.3M	$51.9M	75x	as long as short
OKX XPL-USDT-SWAPshort	+0.0100%	4h	0.09795	−0.035%	$9.2M	$52.8M	50x
Bulk XPL-USD	+0.0100%	1h	0.09901	+1.047%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09789	−0.096%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09791	−0.075%	$13.1M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09795	−0.035%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09802	+0.037%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09794	−0.045%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09837	+0.399%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09841	+0.437%	$267K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	+0.425%	$25K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09837	+0.396%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09810	+0.118%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09830	+0.323%	$209	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09833	+0.353%	$139K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09795	−0.039%	$697K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09837	+0.394%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0318%	1h	0.09887	+0.904%	$202K	$646K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09826	+0.282%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+1.700%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3459%	1h	0.09887	+0.900%	$296K	$673K	10x	as long as short