Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.201%

Price spread now: Aster against Coinbase International−0.656%54s7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

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 −$8 a day on $10k at the current rate, and Aster is 0.656% cheaper against Coinbase International than usual: you would sell low and buy high (−$66 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XPL-PERP-INTX	0.09980	0.0376	pay 0.0047% / 1h	21m 19s	$74K	$97K	50x
Short	Aster XPLUSDT	0.09915	0.0100	get 0.0050% / 4h	3h 21m	$257K	$534K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.656%Rate

Funding earned: −$57.96
Price spread: −0.656% → 0.000%: −$65.56
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$141.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 51 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 51 min ago	5.67 bp	17.1 bp −$17	102.3 bp −$1,023	doesn't fit	doesn't fit

Coinbase International: 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	−0.0254%	1h	0.09918	−0.621%	$48K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0169% / S +0.0544%	1h	0.09922	−0.576%	$114K	—	100x	as long as short
01 Exchange XPLUSD	−0.0152%	1h	0.09904	−0.762%	$576	$708	5x	as long as short
Lighter XPL	0.0000%	1h	0.09900	−0.802%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09911	−0.688%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−24.142%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09922	−0.577%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0024%	4h	0.09917	−0.631%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0047%	8h	0.09906	−0.741%	$13K	$2K	5x	as long as short
Backpack XPL_USDC_PERP	+0.0085%	1h	0.09925	−0.551%	$186K	$271K	10x	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	0.09910	−0.696%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09915	−0.656%	$257K	$534K	20x
Pacifica XPL	+0.0100%	1h	0.09912	−0.682%	$226K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09914	−0.660%	$45.4M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09916	−0.641%	$48.3M	$56.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09912	−0.681%	$8.8M	$56.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09880	−1.002%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09910	−0.701%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09906	−0.741%	$13.1M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09910	−0.701%	$2.5M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09921	−0.591%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09915	−0.651%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09915	−0.653%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09940	−0.401%	$263K	$828K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09930	−0.501%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09918	−0.618%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09900	−0.802%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09910	−0.701%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09880	−1.002%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09912	−0.679%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09954	−0.261%	$30K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09941	−0.391%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0229%	1h	0.09925	−0.554%	$64.4M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09915	−0.651%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0376%	1h	0.09980	long leg	$74K	$97K	50x
Kraken Futures PF_XPLUSD	+0.4993%	1h	0.09965	−0.154%	$576K	$1.0M	10x	as long as short