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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Binance−0.137%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.137%, 7d avg +0.042%

Together, before fees+0.288%+ Points / potential airdropAster: Stage 5 · farm board+$29 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: Aster is 0.179% cheaper against Binance than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPLUSDT	0.09558	0.0100	pay 0.0050% / 4h	55m 09s	$43.3M	$106.1M	75x
Short	Aster XPLUSDT	0.09545	0.0100	get 0.0050% / 4h	55m 09s	$242K	$489K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → +0.042%: −$17.86
Slippage, 4 orders: −$40.77
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$76.63
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Aster: live order book, 2 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 Binance live order book, 3 min ago	1.05 bp	12.1 bp −$12	25.5 bp −$255	123.6 bp −$12.4K	doesn't fit
Sell Aster live order book, 2 min ago	4.70 bp	17.7 bp −$18	129.6 bp −$1,296	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	−0.0424%	1h	0.09522	−0.377%	$554	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0322%	1h	0.09549	−0.094%	$177K	$227K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0287% / S +0.0599%	1h	0.09541	−0.173%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0274%	1h	0.09540	−0.188%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0142%	4h	0.09562	+0.042%	$45.3M	$56.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09520	−0.396%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−20.795%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0002%	4h	0.09538	−0.209%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09542	−0.162%	$72K	—	150x	as long as short
Lighter XPL	+0.0040%	1h	0.09534	−0.251%	$4.3M	$3.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0067%	8h	0.09515	−0.447%	$12K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0080%	4h	0.09570	+0.126%	$8.2M	$50.4M	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09528	−0.309%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09561	+0.033%	$60.0M	$48.2M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09545	−0.137%	$242K	$489K	20x
Pacifica XPL	+0.0100%	1h	0.09520	−0.398%	$217K	$48K	10x	as long as short
Binance XPLUSDTlong	+0.0100%	4h	0.09558	long leg	$43.3M	$106.1M	75x
Gate XPL_USDT	+0.0100%	4h	0.09545	−0.136%	$3.0M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09545	−0.136%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09547	−0.115%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09553	−0.052%	$8.5M	$10.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09552	−0.063%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09536	−0.231%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09565	+0.074%	$262K	$941K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.126%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09541	−0.180%	$127K	$2.1M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09520	−0.398%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09540	−0.188%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09553	−0.052%	$143K	$240K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09575	+0.178%	$139K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09540	−0.184%	$647K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09537	−0.220%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09576	+0.188%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09530	−0.293%	$1.7M	$993K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09606	+0.502%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3333%	1h	0.09572	+0.149%	$542K	$978K	10x	as long as short