Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against HTX−0.179%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1331.332% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 3 days (all we have)+0.600%+$60 · spread now −0.179%, 7d avg +0.067%

Together, before fees+0.426%+ Points / potential airdropAster: Stage 5 · farm board+$43 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 0.246% cheaper against HTX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPL-USDT	0.09774	0.0100	pay 0.0050% / 4h	2h 18m	$139K	$245K	20x
Short	Aster XPLUSDT	0.09757	0.0100	get 0.0050% / 4h	2h 18m	$252K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → +0.067%: −$24.61
Slippage, 4 orders: −$113.23
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$157.83
Costs to cover: 1.332%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Aster: live order book, 4 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 HTX live order book, 4 min ago	15.83 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	7.13 bp	18.3 bp −$18	126.2 bp −$1,262	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
Deribit XPL_USDC-PERPETUAL	−0.0364%	1h	0.09759	−0.153%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0082% / S +0.0487%	1h	0.09761	−0.129%	$113K	—	100x	as long as short
Lighter XPL	−0.0080%	1h	0.09739	−0.358%	$4.4M	$4.3M	10x	as long as short
01 Exchange XPLUSD	−0.0040%	1h	0.09791	+0.174%	$569	$582	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09804	+0.305%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.544%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09760	−0.140%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0011%	1h	0.09745	−0.297%	$178K	$283K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09756	−0.184%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0093%	8h	0.09787	+0.131%	$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
Nado XPL-PERP	+0.0100%	1h	0.09786	+0.123%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09751	−0.239%	$62.7M	$47.1M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09757	−0.179%	$252K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09796	+0.226%	$222K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09739	−0.358%	$43.9M	$104.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09735	−0.399%	$47.5M	$53.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09738	−0.368%	$9.1M	$53.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09815	+0.419%	$141K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09745	−0.297%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09739	−0.358%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09744	−0.307%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09744	−0.307%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09739	−0.358%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09808	+0.353%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09790	+0.164%	$265K	$786K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09810	+0.368%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09792	+0.180%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09730	−0.450%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09750	−0.246%	$204	$10K	10x	as long as short
HTX XPL-USDTlong	+0.0100%	4h	0.09774	long leg	$139K	$245K	20x
Extended XPL-USD	+0.0104%	1h	0.09738	−0.367%	$661K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09759	−0.150%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09806	+0.327%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09836	+0.634%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09767	−0.072%	$74K	$102K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3486%	1h	0.09810	+0.367%	$517K	$942K	10x	as long as short