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 MEXC+0.073%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.444% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−1.019%−$102 · spread now +0.073%, 7d avg +0.032%

Together, before fees−0.990%+ Points / potential airdropAster: Stage 5 · farm board−$99 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 0.041% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPL_USDT	0.09653	0.0100	pay 0.0050% / 4h	1h 16m	$12.6M	$7.9M	100x
Short	Aster XPLUSDT	0.09660	0.0100	get 0.0050% / 4h	1h 16m	$245K	$497K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.032%: $4.07
Slippage, 4 orders: −$36.42
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.35
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Aster: live order book, 45 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 MEXC live order book, 1 min ago	0.52 bp	3.1 bp −$3	6.4 bp −$64	83.4 bp −$8,341	226.8 bp −$113.4K
Sell Aster live order book, 45 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
01 Exchange XPLUSD	−0.0376%	1h	0.09644	−0.093%	$561	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0278%	1h	0.09657	+0.041%	$182K	$230K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0264% / S +0.0585%	1h	0.09656	+0.030%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0080%	4h	0.09642	−0.114%	$45.7M	$56.7M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0061%	1h	0.09655	+0.021%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09658	+0.048%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.572%	—	—	—	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09650	−0.031%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09658	+0.047%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0058%	4h	0.09647	−0.062%	$8.3M	$52.8M	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	+0.0063%	8h	0.09652	−0.007%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09646	−0.073%	$4.4M	$4.2M	10x	as long as short
Gate XPL_USDT	+0.0098%	4h	0.09655	+0.021%	$3.0M	$3.8M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09650	−0.026%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09672	+0.200%	$60.7M	$48.2M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09660	+0.073%	$245K	$497K	20x
Pacifica XPL	+0.0100%	1h	0.09660	+0.069%	$220K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09654	+0.010%	$43.7M	$108.5M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09610	−0.445%	$140K	$5K	10x	as long as short
MEXC XPL_USDTlong	+0.0100%	4h	0.09653	long leg	$12.6M	$7.9M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09645	−0.083%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09658	+0.052%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09649	−0.041%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09649	−0.044%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09638	−0.151%	$261K	$922K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.073%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09660	+0.075%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09630	−0.238%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	−0.031%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09659	+0.062%	$145K	$263K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09646	−0.073%	$636K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09650	−0.029%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09660	+0.073%	$196K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09649	−0.041%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+0.176%	$75K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3546%	1h	0.09694	+0.425%	$550K	$1.0M	10x	as long as short