Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Aster−0.236%7-day average −0.214% · you buy dearer than you sell

Net, funding: paid 7d − costs−$347as in the Funding arb table

Net, price: spread back to 7d avg − costs−$349as in the Price arb table

costs, in and out, $10k−$3473.470% of the position

Long on Aster Short on SunX

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)−0.049%−$5 · spread now −0.236%, 7d avg −0.214%

Together, before fees−0.049%+ Points / potential airdropAster: Stage 5 · farm board−$5 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: SunX is 0.022% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.214%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09843	0.0100	pay 0.0050% / 4h	3h 34m	$254K	$533K	20x
Short	SunX XPL-USDT	0.09820	0.0100	get 0.0050% / 4h	3h 34m	$3K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.236%Rate

Funding earned: $0
Price spread: −0.236% → −0.214%: −$2.2
Slippage, 4 orders: −$330.96
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$349.17
Costs to cover: 3.470%
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; SunX: live order book, 1 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 Aster live order book, 38 min ago	5.67 bp	20.1 bp −$20	168.8 bp −$1,688	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	35.62 bp	151.5 bp −$152	doesn't fit	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
GMX XPL/USD [WBTC.b-USDC]	L −0.0162% / S +0.0539%	1h	0.09833	−0.103%	$113K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0146%	1h	0.09835	−0.084%	$182K	$272K	10x	as long as short
01 Exchange XPLUSD	−0.0136%	1h	0.09847	+0.038%	$573	$708	5x	as long as short
Lighter XPL	−0.0104%	1h	0.09833	−0.104%	$4.4M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09839	−0.039%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−23.090%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09835	−0.084%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09832	−0.110%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0030%	4h	0.09830	−0.135%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0042%	8h	0.09842	−0.013%	$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	0.09838	−0.048%	$1.4M	$2.6M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09843	long leg	$254K	$533K	20x
Pacifica XPL	+0.0100%	1h	0.09845	+0.021%	$224K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09842	−0.013%	$45.0M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09839	−0.043%	$47.6M	$55.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09838	−0.053%	$8.7M	$55.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09765	−0.793%	$142K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09842	−0.013%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09844	+0.008%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09842	−0.013%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09847	+0.038%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09841	−0.023%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09825	−0.186%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09768	−0.767%	$258K	$840K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09820	−0.236%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09843	0.000%	$132K	$2.7M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09820	−0.236%	$3K	$2.0M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09830	−0.135%	$198	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09790	−0.541%	$142K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09841	−0.028%	$665K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09831	−0.129%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09823	−0.206%	$199K	$655K	10x	as long as short
Hyperliquid XPL	+0.0171%	1h	0.09871	+0.277%	$63.8M	$47.2M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09830	−0.135%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09845	+0.018%	$73K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5040%	1h	0.09871	+0.281%	$572K	$1.0M	10x	as long as short