Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against OKX+0.108%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.108%, 7d avg +0.035%

Together, before fees−0.120%+ Points / potential airdropAster: Stage 5 · farm board−$12 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 0.074% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPL-USDT-SWAP	0.09654	0.0100	pay 0.0050% / 4h	3h 13m	$8.2M	$48.6M	50x
Short	Aster XPLUSDT	0.09664	0.0100	get 0.0050% / 4h	3h 13m	$252K	$422K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.035%: $7.36
Slippage, 4 orders: −$47.65
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.29
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Aster: live order book, 39 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 OKX live order book, 5 min ago	0.52 bp	15.2 bp −$15	36.2 bp −$362	doesn't fit	doesn't fit
Sell Aster live order book, 39 min ago	5.15 bp	18.9 bp −$19	147.9 bp −$1,479	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	−0.0371%	1h	0.09656	+0.021%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0360%	1h	0.09648	−0.062%	$561	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09663	+0.089%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0053%	1h	0.09655	+0.010%	$176K	$189K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09658	+0.039%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.577%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09662	+0.085%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0010%	4h	0.09653	−0.010%	$29K	$339K	10x	as long as short
Bybit XPLUSDT	+0.0014%	4h	0.09653	−0.010%	$45.7M	$54.1M	75x	as long as short
Paradex XPL-USD-PERP	+0.0053%	8h	0.09652	−0.025%	$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
Lighter XPL	+0.0056%	1h	0.09643	−0.114%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09652	−0.021%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09671	+0.172%	$61.3M	$46.6M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09664	+0.108%	$252K	$422K	20x
Pacifica XPL	+0.0100%	1h	0.09659	+0.050%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09654	0.000%	$43.8M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAPlong	+0.0100%	4h	0.09654	long leg	$8.2M	$48.6M	50x
Bulk XPL-USD	+0.0100%	1h	0.09656	+0.021%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09658	+0.041%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09654	0.000%	$12.7M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09661	+0.073%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09667	+0.135%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09657	+0.031%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09655	+0.008%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09657	+0.029%	$260K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.269%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09668	+0.148%	$129K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09640	−0.145%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	−0.041%	$205	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09643	−0.114%	$141K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09650	−0.039%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09648	−0.064%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09681	+0.280%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09658	+0.041%	$1.8M	$961K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09708	+0.559%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3109%	1h	0.09688	+0.353%	$551K	$990K	10x	as long as short