Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Aster+0.042%7-day average — · you sell dearer than you buy

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

Long on Aster Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.042% dearer against Aster than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09685	0.0100	pay 0.0050% / 4h	2h 06m	$251K	$527K	20x
Short	dYdX XPL-USD	0.09689	0	get 0.0000% / 1h	6m 44s	$8K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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 AsterbpFee dYdXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$21
Price spread: +0.042% → 0.000%: $4.17
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$34.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 16 min ago; dYdX: no order-book sample. 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 Aster live order book, 16 min ago	7.13 bp	22.8 bp −$23	163.5 bp −$1,635	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 −0.0088% / S +0.0491%	1h	0.09695	+0.107%	$112K	—	100x	as long as short
Lighter XPL	−0.0080%	1h	0.09668	−0.174%	$4.4M	$4.3M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0078%	1h	0.09693	+0.084%	$177K	$283K	10x	as long as short
01 Exchange XPLUSD	−0.0064%	1h	0.09691	+0.063%	$563	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0059%	1h	0.09696	+0.115%	$46K	$18K	25x	as long as short
dYdX XPL-USDshort	0.0000%	1h	0.09689	+0.042%	$8K	—	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.831%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09697	+0.125%	$71K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09691	+0.063%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0089%	8h	0.09689	+0.043%	$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	0.09699	+0.146%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09689	+0.048%	$62.2M	$47.3M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09685	long leg	$251K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09702	+0.174%	$220K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09673	−0.123%	$43.6M	$105.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09675	−0.102%	$47.1M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09670	−0.154%	$8.9M	$53.0M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09684	−0.009%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09685	+0.001%	$12.6M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09678	−0.071%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09683	−0.019%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09676	−0.092%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	+0.118%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09704	+0.195%	$262K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.363%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09703	+0.189%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09680	−0.050%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09690	+0.053%	$199	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09703	+0.187%	$138K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09695	+0.105%	$140K	$11K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09680	−0.048%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09696	+0.120%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09693	+0.084%	$1.7M	$1.1M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09742	+0.590%	$197K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09783	+1.013%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3506%	1h	0.09752	+0.693%	$514K	$945K	10x	as long as short