Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.068%

Price spread now: Aster against 01 Exchange+0.048%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Aster is 0.048% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XPLUSD	0.09548	−0.0224	get 0.0028% / 1h	32m 23s	$555	$708	5x
Short	Aster XPLUSDT	0.09553	0.0100	get 0.0050% / 4h	2h 32m	$251K	$429K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now +0.048%Rate

Funding earned: $68.04
Price spread: +0.048% → 0.000%: $4.76
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $57.8
Costs to cover: 0.150%
Break-even: 1.1 days

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 15 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 15 min ago	6.27 bp	14.3 bp −$14	119.3 bp −$1,193	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09549	+0.016%	$105K	—	100x	as long as short
01 Exchange XPLUSDlong	−0.0224%	1h	0.09548	long leg	$555	$708	5x
Deribit XPL_USDC-PERPETUAL	−0.0169%	1h	0.09533	−0.157%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09553	+0.052%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.707%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09549	+0.006%	$72K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09540	−0.084%	$4.3M	$3.0M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09540	−0.084%	$29K	$320K	10x	as long as short
Paradex XPL-USD-PERP	+0.0066%	8h	0.09553	+0.053%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09551	+0.031%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09555	+0.074%	$60.4M	$46.5M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09553	+0.048%	$251K	$429K	20x
Pacifica XPL	+0.0100%	1h	0.09554	+0.061%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09544	−0.045%	$43.3M	$100.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09541	−0.073%	$45.2M	$54.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09542	−0.063%	$8.1M	$48.1M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09551	+0.031%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09544	−0.042%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09542	−0.063%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09554	+0.063%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09544	−0.042%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09538	−0.105%	$173K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09579	+0.325%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09577	+0.299%	$254K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09610	+0.649%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09560	+0.125%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09520	−0.293%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09530	−0.189%	$204	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09555	+0.073%	$139K	$185K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.084%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09547	−0.011%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09539	−0.094%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09544	−0.042%	$193K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09536	−0.126%	$1.7M	$941K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.964%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2908%	1h	0.09561	+0.134%	$543K	$989K	10x	as long as short