Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.048%

Price spread now: Aster against Hyperliquid−0.024%7-day average −0.092% · you buy dearer than you sell

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

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now −0.024%, 7d avg −0.092%

Together, before fees−0.160%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$16 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 0.067% dearer against Hyperliquid than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XPL	0.09763	0.0100	pay 0.0013% / 1h	3m 26s	$63.1M	$47.7M	10x
Short	Aster XPLUSDT	0.09761	0.0100	get 0.0050% / 4h	1h 03m	$252K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.092%: $6.71
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.29
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Aster: live order book, 14 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 Hyperliquid live order book, 10 min ago	0.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 14 min ago	4.12 bp	19.4 bp −$19	111.3 bp −$1,113	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
Backpack XPL_USDC_PERP	−0.0248%	1h	0.09759	−0.046%	$177K	$280K	10x	as long as short
01 Exchange XPLUSD	−0.0208%	1h	0.09745	−0.189%	$567	$708	5x	as long as short
Lighter XPL	−0.0192%	1h	0.09744	−0.200%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0118% / S +0.0511%	1h	0.09760	−0.038%	$112K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0057%	1h	0.09756	−0.077%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09759	−0.044%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.462%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09759	−0.044%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0068%	4h	0.09754	−0.097%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0086%	8h	0.09754	−0.100%	$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	0.09748	−0.164%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPLlong	+0.0100%	1h	0.09763	long leg	$63.1M	$47.7M	10x
Aster XPLUSDTshort	+0.0100%	4h	0.09761	−0.024%	$252K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09761	−0.030%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09745	−0.186%	$44.1M	$107.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09750	−0.138%	$48.0M	$54.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09746	−0.179%	$8.9M	$54.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09714	−0.504%	$142K	$9K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09754	−0.097%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09753	−0.108%	$12.6M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09753	−0.108%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09755	−0.087%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09755	−0.087%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09722	−0.423%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09730	−0.343%	$259K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09730	−0.343%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09759	−0.046%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09730	−0.343%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09750	−0.138%	$449	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09754	−0.097%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09753	−0.111%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09760	−0.036%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09730	−0.343%	$1.7M	$1.1M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09734	−0.302%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09760	−0.036%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4579%	1h	0.09805	+0.422%	$563K	$998K	10x	as long as short