Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Aster against dYdX+0.111%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.111% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XPL-USD	0.09757	0	get 0.0000% / 1h	9m 18s	$8K	—	5x
Short	Aster XPLUSDT	0.09768	0.0100	get 0.0050% / 4h	9m 18s	$253K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now +0.111%Rate

Funding earned: $21
Price spread: +0.111% → 0.000%: $11.14
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $14.14
Costs to cover: 0.180%
Break-even: 2.3 days

Slippage unknown: dYdX: no order-book sample; Aster: live order book, 3 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 dYdX no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	5.67 bp	17.1 bp −$17	102.3 bp −$1,023	doesn't fit	doesn't fit

dYdX: 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
Lighter XPL	−0.0512%	1h	0.09753	−0.042%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0376%	1h	0.09758	+0.009%	$567	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0159%	1h	0.09769	+0.122%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0145% / S +0.0528%	1h	0.09775	+0.181%	$113K	—	100x	as long as short
dYdX XPL-USDlong	0.0000%	1h	0.09757	long leg	$8K	—	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.411%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09773	+0.168%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0007%	8h	0.09758	+0.010%	$13K	$2K	5x	as long as short
Gate XPL_USDT	+0.0036%	4h	0.09771	+0.142%	$3.1M	$4.1M	75x	as long as short
Orderly PERP_XPL_USDC	+0.0040%	4h	0.09766	+0.091%	$29K	$335K	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	0.09767	+0.096%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09785	+0.280%	$63.1M	$48.1M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09768	+0.111%	$253K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09759	+0.023%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09769	+0.126%	$44.6M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09767	+0.101%	$47.3M	$55.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09767	+0.101%	$8.7M	$55.0M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09760	+0.029%	$142K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09769	+0.122%	$12.8M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09771	+0.142%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09771	+0.142%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09767	+0.101%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09769	+0.122%	$180K	$282K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09698	−0.605%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09730	−0.278%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	−0.381%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09776	+0.195%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09730	−0.278%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09760	+0.029%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09733	−0.247%	$141K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09757	0.000%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09775	+0.183%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09715	−0.432%	$197K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09692	−0.668%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09735	−0.227%	$72K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5088%	1h	0.09812	+0.565%	$566K	$1.0M	10x	as long as short