Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against OKX−0.008%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$660.661% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.008%, 7d avg +0.033%
Together, before fees+0.105%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.041% cheaper against OKX than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.033%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.057% in total) that is about 5.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX XPL-USDT-SWAP0.096670.0040pay 0.0020% / 4h2h 01m$8.4M$53.6M50x
ShortAster XPLUSDT0.096660.0100get 0.0050% / 4h2h 01m$246K$499K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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

Funding earned
$12.6
Price spread: −0.008% → +0.033%
−$4.1
Slippage, 4 orders
−$48.07
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$57.57
Costs to cover
0.661%
Break-even
39.0 days
Slippage from OKX: live order book, 2 min ago; Aster: live order book, 66 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago0.52 bp12.3 bp −$1236.0 bp −$360doesn't fitdoesn't fit
Sell Aster live order book, 66 min ago3.53 bp18.3 bp −$18119.3 bp −$1,193doesn't fitdoesn't fit

XPL on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XPLUSD−0.0304%1h0.09651−0.166%$561$7085xas long as short
Backpack XPL_USDC_PERP−0.0223%1h0.09669+0.021%$179K$243K10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0209% / S +0.0569%1h0.09671+0.044%$111K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0060%1h0.096670.000%$46K$18K25xas long as short
Orderly PERP_XPL_USDC−0.0002%4h0.09664−0.031%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09657−0.101%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.686%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09672+0.049%$60K150xas long as short
OKX XPL-USDT-SWAPlong+0.0040%4h0.09667long leg$8.4M$53.6M50x
Lighter XPL+0.0040%1h0.09657−0.103%$4.4M$4.2M10xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0043%8h0.09657−0.106%$13K$2K5xas long as short
Nado XPL-PERP+0.0100%1h0.09660−0.067%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09676+0.093%$61.5M$47.5M10xas long as short
Aster XPLUSDTshort+0.0100%4h0.09666−0.008%$246K$499K20x
Pacifica XPL+0.0100%1h0.09659−0.083%$220K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09666−0.007%$43.8M$108.0M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09663−0.041%$46.5M$56.3M75xas long as short
Gate XPL_USDT+0.0100%4h0.09664−0.031%$3.0M$3.9M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09668+0.010%$12.6M$8.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09660−0.072%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09673+0.062%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.096670.000%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09664−0.028%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09649−0.187%$257K$891K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09680+0.134%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09673+0.063%$132K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09650−0.176%$3K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09660−0.072%$196$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09665−0.021%$143K$249K20xas long as short
Bulk XPL-USD+0.0100%1h0.09660−0.072%$141K$7K10xas long as short
Extended XPL-USD+0.0104%1h0.09667+0.002%$655K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09662−0.053%$29K$18K3xas long as short
Phoenix XPL+0.0328%1h0.09678+0.114%$196K$657K10xas long as short
Coinbase International XPL-PERP-INTX+0.0496%1h0.09766+1.024%$78K$95K50xas long as short
Kraken Futures PF_XPLUSD+0.4407%1h0.09705+0.390%$550K$1.0M10xas long as short