Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0460%/8h= −50.4% APRpaid last 24h −0.055%

Price spread now: 01 Exchange against Aster−0.170%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 01 Exchange

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and 01 Exchange is 0.170% cheaper against Aster than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09664	0.0100	pay 0.0050% / 4h	3h 13m	$252K	$422K	20x
Short	01 Exchange XPLUSD	0.09648	−0.0360	pay 0.0045% / 1h	13m 22s	$561	$708	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.170%Rate

Funding earned: −$96.6
Price spread: −0.170% → 0.000%: −$17.02
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$128.62
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 39 min ago; 01 Exchange: 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, 39 min ago	5.15 bp	21.5 bp −$21	160.3 bp −$1,603	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Deribit XPL_USDC-PERPETUAL	−0.0371%	1h	0.09656	−0.087%	$46K	$18K	25x	as long as short
01 Exchange XPLUSDshort	−0.0360%	1h	0.09648	−0.170%	$561	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09663	−0.019%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0053%	1h	0.09655	−0.098%	$176K	$189K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09658	−0.069%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.662%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09662	−0.023%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0010%	4h	0.09653	−0.118%	$29K	$339K	10x	as long as short
Bybit XPLUSDT	+0.0014%	4h	0.09653	−0.118%	$45.7M	$54.1M	75x	as long as short
Paradex XPL-USD-PERP	+0.0053%	8h	0.09652	−0.133%	$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
Lighter XPL	+0.0056%	1h	0.09643	−0.222%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09652	−0.129%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09671	+0.064%	$61.3M	$46.6M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09664	long leg	$252K	$422K	20x
Pacifica XPL	+0.0100%	1h	0.09659	−0.058%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09654	−0.108%	$43.8M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09654	−0.108%	$8.2M	$48.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09656	−0.087%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09658	−0.067%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09654	−0.108%	$12.7M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09661	−0.036%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09667	+0.026%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09657	−0.077%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09655	−0.100%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09657	−0.079%	$260K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.161%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09668	+0.040%	$129K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09640	−0.253%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	−0.150%	$205	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09643	−0.222%	$141K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09650	−0.147%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09648	−0.172%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09681	+0.171%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09658	−0.067%	$1.8M	$961K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09708	+0.451%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3109%	1h	0.09688	+0.244%	$551K	$990K	10x	as long as short