Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Aevo−0.092%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.092% cheaper against Aevo than usual: you would sell low and buy high, −$9 on $10k if it 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	Aevo XPL-PERP	0.09705	0.0104	pay 0.0013% / 1h	53m 16s	$29K	$18K	3x
Short	Aster XPLUSDT	0.09696	0.0100	get 0.0050% / 4h	3h 53m	$252K	$469K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$0.84
Price spread: −0.092% → 0.000%: −$9.2
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.04
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 64 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 64 min ago	4.70 bp	17.7 bp −$18	129.6 bp −$1,296	doesn't fit	doesn't fit

Aevo: 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
01 Exchange XPLUSD	−0.0464%	1h	0.09676	−0.294%	$563	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09695	−0.096%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0156%	1h	0.09706	+0.015%	$179K	$199K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09683	−0.219%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.986%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09701	−0.036%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09695	−0.093%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0017%	4h	0.09694	−0.108%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0056%	8h	0.09681	−0.244%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09695	−0.098%	$4.4M	$3.0M	10x	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	0.09687	−0.180%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09706	+0.019%	$61.2M	$46.7M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09696	−0.092%	$252K	$469K	20x
Pacifica XPL	+0.0100%	1h	0.09687	−0.185%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09699	−0.057%	$44.0M	$102.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09697	−0.077%	$45.9M	$54.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09696	−0.088%	$8.3M	$49.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09670	−0.356%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09689	−0.160%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09698	−0.067%	$12.6M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09689	−0.160%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09708	+0.036%	$8.8M	$10.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09696	−0.088%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09661	−0.450%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09665	−0.408%	$260K	$1.0M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09690	−0.149%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09700	−0.042%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09670	−0.356%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09700	−0.046%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09677	−0.283%	$142K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09695	−0.100%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERPlong	+0.0104%	1h	0.09705	long leg	$29K	$18K	3x
Phoenix XPL	+0.0248%	1h	0.09681	−0.242%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09691	−0.139%	$1.8M	$989K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09734	+0.304%	$75K	$85K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3094%	1h	0.09736	+0.325%	$552K	$974K	10x	as long as short