Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Pacifica+0.015%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$820.824% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.015%, 7d avg +0.006%

Together, before fees−0.018%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09586	0.0100	pay 0.0013% / 1h	39m 27s	$219K	$48K	10x
Short	Aster XPLUSDT	0.09588	0.0100	get 0.0050% / 4h	1h 39m	$244K	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.006%: $0.85
Slippage, 4 orders: −$66.4
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$81.55
Costs to cover: 0.824%
Break-even: never at this rate

Slippage from Pacifica: live order book, 24 min ago; Aster: live order book, 23 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 Pacifica live order book, 24 min ago	10.35 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 23 min ago	5.17 bp	15.6 bp −$16	122.7 bp −$1,227	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
Backpack XPL_USDC_PERP	−0.0604%	1h	0.09592	+0.062%	$181K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09571	−0.158%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0248% / S +0.0576%	1h	0.09580	−0.059%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0167%	1h	0.09592	+0.062%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09589	+0.030%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09583	−0.030%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.024%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09581	−0.048%	$72K	—	150x	as long as short
Lighter XPL	+0.0032%	1h	0.09579	−0.074%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0033%	4h	0.09579	−0.074%	$8.2M	$53.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0053%	8h	0.09577	−0.090%	$12K	$2K	5x	as long as short
Gate XPL_USDT	+0.0080%	4h	0.09578	−0.084%	$2.9M	$3.7M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09578	−0.082%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09592	+0.063%	$60.3M	$48.1M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09588	+0.015%	$244K	$501K	20x
Pacifica XPLlong	+0.0100%	1h	0.09586	long leg	$219K	$48K	10x
Binance XPLUSDT	+0.0100%	4h	0.09579	−0.074%	$43.3M	$108.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09576	−0.105%	$45.4M	$56.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.481%	$139K	$7K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09577	−0.095%	$12.3M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09581	−0.053%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09583	−0.032%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09573	−0.137%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09587	+0.006%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09616	+0.310%	$260K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	+0.354%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09589	+0.026%	$127K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09580	−0.064%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09590	+0.041%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09580	−0.064%	$144K	$264K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09578	−0.081%	$633K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09590	+0.041%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09608	+0.228%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09603	+0.176%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.562%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3569%	1h	0.09631	+0.473%	$546K	$1.0M	10x	as long as short