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 +0.003%

Price spread now: Aster against Gate+0.074%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)−0.683%−$68 · spread now +0.074%, 7d avg +0.023%

Together, before fees−0.507%+ Points / potential airdropAster: Stage 5 · farm board−$51 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 0.051% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09628	0.0100	pay 0.0050% / 4h	32m 29s	$3.0M	$3.6M	75x
Short	Aster XPLUSDT	0.09635	0.0100	get 0.0050% / 4h	32m 29s	$242K	$460K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.023%: $5.05
Slippage, 4 orders: −$65.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$83.74
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Aster: live order book, 25 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 Gate live order book, 6 min ago	2.10 bp	24.7 bp −$25	153.1 bp −$1,531	doesn't fit	doesn't fit
Sell Aster live order book, 25 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	−0.0400%	1h	0.09622	−0.062%	$559	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0303% / S +0.0609%	1h	0.09613	−0.156%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0166%	1h	0.09616	−0.125%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0112%	4h	0.09629	+0.010%	$45.6M	$54.8M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09625	−0.034%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.368%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09611	−0.174%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0011%	4h	0.09610	−0.187%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0077%	8h	0.09625	−0.030%	$13K	$2K	5x	as long as short
Backpack XPL_USDC_PERP	+0.0087%	1h	0.09634	+0.062%	$179K	$221K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09619	−0.093%	$4.4M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09622	−0.057%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09641	+0.136%	$60.7M	$46.8M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09635	+0.074%	$242K	$460K	20x
Pacifica XPL	+0.0100%	1h	0.09630	+0.021%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09627	−0.010%	$43.7M	$103.0M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09629	+0.010%	$8.3M	$49.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09550	−0.810%	$139K	$5K	10x	as long as short
Gate XPL_USDTlong	+0.0100%	4h	0.09628	long leg	$3.0M	$3.6M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09626	−0.021%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09616	−0.125%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09634	+0.062%	$8.6M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09631	+0.031%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09520	−1.123%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09551	−0.802%	$259K	$975K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	−0.602%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09642	+0.141%	$128K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09590	−0.395%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	+0.021%	$193	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09543	−0.883%	$140K	$209K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09628	0.000%	$649K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09615	−0.135%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09585	−0.447%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09619	−0.093%	$1.7M	$983K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09571	−0.592%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3304%	1h	0.09655	+0.281%	$547K	$975K	10x	as long as short