Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Aster+0.025%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$740.740% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.296%+$30 · spread now +0.025%, 7d avg +0.002%

Together, before fees+0.206%+ Points / potential airdropAster: Stage 5 · farm board+$21 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: Bitget is 0.023% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09788	0.0100	pay 0.0050% / 4h	4m 18s	$254K	$527K	20x
Short	Bitget XPLUSDT	0.09790	0.0100	get 0.0050% / 4h	4m 18s	$8.8M	$11.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.002%: $2.28
Slippage, 4 orders: −$54.04
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.77
Costs to cover: 0.740%
Break-even: never at this rate

Slippage from Aster: live order book, 8 min ago; Bitget: live order book, 4 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, 8 min ago	5.67 bp	20.1 bp −$20	168.8 bp −$1,688	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.61 bp	19.9 bp −$20	47.5 bp −$475	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	−0.0536%	1h	0.09762	−0.262%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0376%	1h	0.09785	−0.027%	$569	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0159%	1h	0.09773	−0.149%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0147% / S +0.0530%	1h	0.09778	−0.098%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09779	−0.092%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.653%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09783	−0.045%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0012%	8h	0.09774	−0.138%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0036%	4h	0.09780	−0.078%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0040%	4h	0.09780	−0.078%	$3.1M	$4.1M	75x	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	0.09776	−0.113%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09796	+0.091%	$63.2M	$48.1M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09788	long leg	$254K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09781	−0.065%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09783	−0.044%	$44.6M	$108.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09783	−0.047%	$47.4M	$55.7M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09784	−0.037%	$8.7M	$55.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09760	−0.282%	$142K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09781	−0.067%	$12.8M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09781	−0.067%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDTshort	+0.0100%	4h	0.09790	+0.025%	$8.8M	$11.1M	75x
BingX XPL-USDT	+0.0100%	4h	0.09784	−0.037%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09773	−0.149%	$181K	$282K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09760	−0.280%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09750	−0.384%	$258K	$814K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09770	−0.180%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09792	+0.043%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09750	−0.384%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09770	−0.180%	$199	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09768	−0.200%	$142K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09776	−0.118%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09787	−0.006%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09782	−0.057%	$198K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09766	−0.221%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09735	−0.537%	$72K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5085%	1h	0.09818	+0.309%	$567K	$1.0M	10x	as long as short