Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against BingX+0.119%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.247%−$25 · spread now +0.119%, 7d avg +0.051%

Together, before fees−0.243%+ Points / potential airdropAster: Stage 5 · farm board−$24 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 0.068% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XPL-USDT	0.09578	0.0100	pay 0.0050% / 4h	3h 56m	—	$7.8M	—
Short	Aster XPLUSDT	0.09589	0.0100	get 0.0050% / 4h	3h 56m	$253K	$406K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.051%: $6.83
Slippage, 4 orders: −$47.99
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$59.16
Costs to cover: 0.660%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Aster: live order book, 40 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 BingX live order book, 11 min ago	5.23 bp	14.0 bp −$14	24.3 bp −$243	90.1 bp −$9,007	doesn't fit
Sell Aster live order book, 40 min ago	5.23 bp	19.3 bp −$19	124.2 bp −$1,242	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
Lighter XPL	−0.1304%	1h	0.09562	−0.167%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09564	−0.146%	$556	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0272%	1h	0.09581	+0.031%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09584	+0.057%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0196%	4h	0.09571	−0.073%	$45.5M	$53.9M	75x	as long as short
Paradex XPL-USD-PERP	−0.0061%	8h	0.09564	−0.142%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0026%	4h	0.09576	−0.021%	$30K	$277K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09579	+0.006%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.956%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09583	+0.049%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0007%	4h	0.09567	−0.115%	$7.7M	$47.6M	50x	as long as short
Backpack XPL_USDC_PERP	+0.0068%	1h	0.09583	+0.052%	$179K	$180K	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09568	−0.107%	$1.3M	$2.2M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09589	+0.119%	$253K	$406K	20x
Pacifica XPL	+0.0100%	1h	0.09585	+0.073%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09576	−0.022%	$43.4M	$97.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09555	−0.240%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09577	−0.010%	$2.9M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09579	+0.010%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09581	+0.031%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09589	+0.115%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDTlong	+0.0100%	4h	0.09578	long leg	—	$7.8M	—
Variational Omni XPL	+0.0100%	4h	0.09567	−0.113%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09556	−0.225%	$256K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09560	−0.188%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09582	+0.042%	$126K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.292%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	+0.021%	$196	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09551	−0.282%	$132K	$210K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09575	−0.031%	$595K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09575	−0.031%	$28K	$18K	3x	as long as short
Hyperliquid XPL	+0.0106%	1h	0.09598	+0.209%	$60.7M	$46.1M	10x	as long as short
Phoenix XPL	+0.0249%	1h	0.09574	−0.042%	$194K	$494K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09580	+0.021%	$1.7M	$932K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.188%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2701%	1h	0.09602	+0.252%	$542K	$940K	10x	as long as short