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% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Aster+0.058%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+2.080%+$208 · spread now +0.058%, 7d avg +0.106%

Together, before fees+2.032%+ Points / potential airdropAster: Stage 5 · farm board+$203 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: Polymarket Perps is 0.048% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09638	0.0100	pay 0.0050% / 4h	4m 49s	$251K	$469K	20x
Short	Polymarket Perps XPL-USD	0.09643	0.0100	get 0.0013% / 1h	4m 49s	$126K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.106%: −$4.81
Slippage, 4 orders: −$37.63
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$58.44
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from Aster: live order book, 53 min ago; Polymarket Perps: live order book, 4 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, 53 min ago	4.70 bp	21.1 bp −$21	147.5 bp −$1,475	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.76 bp	9.0 bp −$9	9.7 bp −$97	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
01 Exchange XPLUSD	−0.0376%	1h	0.09625	−0.131%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09641	+0.031%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0269%	1h	0.09636	−0.017%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0132%	1h	0.09634	−0.038%	$178K	$224K	10x	as long as short
Bybit XPLUSDT	−0.0095%	4h	0.09619	−0.193%	$45.5M	$54.6M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09639	+0.017%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.444%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09640	+0.029%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0019%	4h	0.09632	−0.058%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0067%	8h	0.09635	−0.028%	$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
Gate XPL_USDT	+0.0088%	4h	0.09621	−0.173%	$3.0M	$3.6M	75x	as long as short
Lighter XPL	+0.0096%	1h	0.09625	−0.131%	$4.4M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09632	−0.053%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09635	−0.027%	$60.8M	$46.8M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09638	long leg	$251K	$469K	20x
Pacifica XPL	+0.0100%	1h	0.09640	+0.025%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09621	−0.173%	$43.7M	$102.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09619	−0.193%	$8.3M	$49.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09625	−0.131%	$140K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09631	−0.069%	$12.4M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09613	−0.256%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09631	−0.069%	$8.7M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09620	−0.183%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09643	+0.054%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09651	+0.139%	$260K	$993K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.232%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USDshort	+0.0100%	1h	0.09643	+0.058%	$126K	$2.0M	10x
SunX XPL-USDT	+0.0100%	4h	0.09620	−0.183%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	−0.079%	$197	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09639	+0.014%	$141K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09616	−0.227%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09630	−0.079%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09670	+0.336%	$196K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09627	−0.110%	$1.7M	$982K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09698	+0.626%	$75K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3297%	1h	0.09677	+0.404%	$548K	$977K	10x	as long as short