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 SunX+0.540%7-day average +0.211% · you sell dearer than you buy

Net, funding: paid 7d − costs−$352as in the Funding arb table

Net, price: spread back to 7d avg − costs−$319as in the Price arb table

costs, in and out, $10k−$3523.522% of the position

Long on SunX 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 3 days (all we have)−0.134%−$13 · spread now +0.540%, 7d avg +0.211%

Together, before fees−0.134%+ Points / potential airdropAster: Stage 5 · farm board−$13 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 0.329% dearer against SunX than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.211%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPL-USDT	0.09750	0.0100	pay 0.0050% / 4h	1h 00m	$2K	$2.0M	20x
Short	Aster XPLUSDT	0.09803	0.0100	get 0.0050% / 4h	1h 00m	$254K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.540%Rate

Funding earned: $0
Price spread: +0.540% → +0.211%: $32.89
Slippage, 4 orders: −$336.24
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$319.35
Costs to cover: 3.522%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Aster: live order book, 17 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 SunX live order book, 5 min ago	36.03 bp	160.1 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 17 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	−0.0207%	1h	0.09786	+0.369%	$178K	$279K	10x	as long as short
01 Exchange XPLUSD	−0.0200%	1h	0.09792	+0.431%	$569	$708	5x	as long as short
Lighter XPL	−0.0192%	1h	0.09784	+0.349%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0120% / S +0.0512%	1h	0.09774	+0.246%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09792	+0.431%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.354%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09770	+0.205%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09773	+0.232%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0067%	4h	0.09767	+0.174%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0086%	8h	0.09792	+0.429%	$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	0.09767	+0.174%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09815	+0.664%	$63.5M	$47.8M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09803	+0.540%	$254K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09799	+0.505%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09792	+0.427%	$44.3M	$107.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09794	+0.451%	$48.1M	$54.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09789	+0.400%	$8.9M	$54.5M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09791	+0.421%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09793	+0.441%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09790	+0.410%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09800	+0.513%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09790	+0.410%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09722	−0.285%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09730	−0.205%	$259K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09760	+0.103%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09774	+0.246%	$130K	$2.7M	10x	as long as short
SunX XPL-USDTlong	+0.0100%	4h	0.09750	long leg	$2K	$2.0M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09770	+0.205%	$449	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09753	+0.031%	$138K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09790	+0.410%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09790	+0.411%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09767	+0.170%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09772	+0.226%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09734	−0.164%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09778	+0.287%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4573%	1h	0.09817	+0.685%	$565K	$1.0M	10x	as long as short