Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.001%

Price spread now: Paradex against Aster−0.064%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.064% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09803	0.0100	pay 0.0050% / 4h	2h 47m	$254K	$527K	20x
Short	Paradex XPL-USD-PERP	0.09797	0.0096	get 0.0096% / 8h	2h 47m	$13K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$0.94
Price spread: −0.064% → 0.000%: −$6.36
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.3
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 40 min ago; Paradex: no order-book sample. Net counts fees only.

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, 40 min ago	4.04 bp	25.4 bp −$25	174.9 bp −$1,749	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0296%	1h	0.09799	−0.044%	$4.4M	$4.3M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0254%	1h	0.09778	−0.258%	$181K	$281K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0068% / S +0.0478%	1h	0.09824	+0.207%	$113K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0055%	1h	0.09823	+0.201%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09786	−0.171%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.773%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09824	+0.212%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09820	+0.170%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERPshort	+0.0096%	8h	0.09797	−0.064%	$13K	$2K	5x
Nado XPL-PERP	+0.0100%	1h	0.09802	−0.013%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09819	+0.159%	$63.2M	$47.1M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09803	long leg	$254K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09796	−0.071%	$222K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09820	+0.170%	$44.5M	$104.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09819	+0.160%	$47.7M	$52.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09817	+0.140%	$9.0M	$53.3M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09819	+0.160%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09822	+0.191%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09800	−0.034%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09823	+0.201%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09819	+0.160%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09735	−0.701%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09720	−0.850%	$264K	$769K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09740	−0.646%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09818	+0.151%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09800	−0.034%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09810	+0.068%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09740	−0.646%	$138K	$245K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09730	−0.748%	$140K	$11K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09820	+0.172%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09825	+0.221%	$38K	$5K	3x	as long as short
01 Exchange XPLUSD	+0.0128%	1h	0.09801	−0.024%	$570	$582	5x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09812	+0.089%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09731	−0.738%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.415%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3474%	1h	0.09844	+0.419%	$518K	$939K	10x	as long as short