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 0.000%

Price spread now: Aster against KuCoin+0.085%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−1.021%−$102 · spread now +0.085%, 7d avg +0.008%

Together, before fees−1.021%+ Points / potential airdropAster: Stage 5 · farm board−$102 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 0.077% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPLUSDTM	0.09598	0.0100	pay 0.0050% / 4h	1h 41m	$2.3M	$1.5M	50x
Short	Aster XPLUSDT	0.09606	0.0100	get 0.0050% / 4h	1h 41m	$244K	$500K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.008%: $7.7
Slippage, 4 orders: −$76.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$89.12
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Aster: live order book, 21 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 KuCoin live order book, 5 min ago	11.02 bp	35.1 bp −$35	165.1 bp −$1,651	doesn't fit	doesn't fit
Sell Aster live order book, 21 min ago	5.17 bp	15.6 bp −$16	122.7 bp −$1,227	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	−0.0603%	1h	0.09621	+0.240%	$180K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0424%	1h	0.09611	+0.135%	$559	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0246% / S +0.0575%	1h	0.09625	+0.281%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0062%	1h	0.09622	+0.250%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0004%	4h	0.09616	+0.188%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09596	−0.018%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.122%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09626	+0.293%	$73K	—	150x	as long as short
Lighter XPL	+0.0024%	1h	0.09581	−0.177%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0035%	4h	0.09588	−0.104%	$8.3M	$53.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0052%	8h	0.09624	+0.276%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09619	+0.224%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09600	+0.025%	$60.3M	$48.2M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09606	+0.085%	$244K	$500K	20x
Pacifica XPL	+0.0100%	1h	0.09596	−0.016%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09588	−0.104%	$43.4M	$108.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09585	−0.135%	$45.5M	$56.8M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.604%	$139K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09592	−0.063%	$2.9M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09603	+0.052%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTMlong	+0.0100%	4h	0.09598	long leg	$2.3M	$1.5M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09594	−0.042%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09587	−0.115%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09526	−0.752%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09550	−0.500%	$258K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09580	−0.188%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09633	+0.360%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09600	+0.021%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	+0.229%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09605	+0.073%	$144K	$264K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09592	−0.068%	$632K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09615	+0.177%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	−0.260%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09590	−0.083%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.438%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3559%	1h	0.09659	+0.631%	$548K	$1.0M	10x	as long as short