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: SunX against Aster−0.145%7-day average −0.215% · you buy dearer than you sell

Net, funding: paid 7d − costs−$361as in the Funding arb table

Net, price: spread back to 7d avg − costs−$354as in the Price arb table

costs, in and out, $10k−$3613.609% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.611%−$61 · spread now −0.145%, 7d avg −0.215%

Together, before fees−0.611%+ Points / potential airdropAster: Stage 5 · farm board−$61 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: SunX is 0.071% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.215%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09874	0.0100	pay 0.0050% / 4h	2h 58m	$255K	$514K	20x
Short	SunX XPL-USDT	0.09860	0.0100	get 0.0050% / 4h	2h 58m	$2K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.215%: $7.06
Slippage, 4 orders: −$344.87
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$353.81
Costs to cover: 3.609%
Break-even: never at this rate

Slippage from Aster: live order book, 29 min ago; SunX: live order book, 8 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, 29 min ago	4.04 bp	25.4 bp −$25	174.9 bp −$1,749	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	35.44 bp	149.2 bp −$149	doesn't fit	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
GMX XPL/USD [WBTC.b-USDC]	L −0.0064% / S +0.0475%	1h	0.09860	−0.148%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09870	−0.044%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.326%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09859	−0.155%	$49K	$17K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09862	−0.130%	$73K	—	150x	as long as short
01 Exchange XPLUSD	+0.0008%	1h	0.09872	−0.023%	$574	$582	5x	as long as short
Backpack XPL_USDC_PERP	+0.0047%	1h	0.09882	+0.078%	$184K	$285K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09858	−0.165%	$27K	$333K	10x	as long as short
Lighter XPL	+0.0096%	1h	0.09846	−0.287%	$4.5M	$4.2M	10x	as long as short
Paradex XPL-USD-PERP	+0.0099%	8h	0.09871	−0.033%	$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	0.09871	−0.033%	$1.4M	$2.6M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09874	long leg	$255K	$514K	20x
Pacifica XPL	+0.0100%	1h	0.09872	−0.023%	$224K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09848	−0.270%	$44.9M	$102.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09854	−0.206%	$47.7M	$51.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09853	−0.216%	$9.3M	$53.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+0.270%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09870	−0.044%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09873	−0.013%	$13.3M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09875	+0.007%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09862	−0.125%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09856	−0.185%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09899	+0.247%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09900	+0.260%	$268K	$765K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09910	+0.362%	$26K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09881	+0.069%	$133K	$2.7M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09860	−0.145%	$2K	$2.0M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09860	−0.145%	$208	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09863	−0.114%	$140K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09855	−0.197%	$701K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09855	−0.195%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0318%	1h	0.09912	+0.382%	$202K	$640K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09893	+0.189%	$1.8M	$1.2M	75x	as long as short
Hyperliquid XPL	+0.0398%	1h	0.09888	+0.142%	$65.3M	$45.1M	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+0.919%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3454%	1h	0.09899	+0.255%	$296K	$674K	10x	as long as short