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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Aster+0.034%52s7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$650.654% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.438%+$44 on $10k
Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.034%, 7d avg −0.075%
Together, before fees+0.232%+ Points / potential airdropAster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.108% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.075%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XPLUSDT0.096870.0100pay 0.0050% / 4h3h 50m$252K$470K20x
ShortBloFin XPL-USDT0.096900.0340get 0.0170% / 4h3h 50m$1.8M$978K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$50.4
Price spread: +0.034% → −0.075%
$10.82
Slippage, 4 orders
−$45.39
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$4.18
Costs to cover
0.654%
Break-even
7.6 days
Slippage from Aster: live order book, 2 min ago; BloFin: live order book, 2 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 Aster live order book, 2 min ago5.15 bp21.5 bp −$21160.3 bp −$1,603doesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago4.12 bp13.1 bp −$1323.0 bp −$23068.5 bp −$6,847doesn't fit

XPL on 36 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−0.0424%1h0.09666−0.214%$562$7085xas long as short
Deribit XPL_USDC-PERPETUAL−0.0370%1h0.09672−0.152%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0304% / S +0.0610%1h0.09679−0.081%$107K100xas long as short
Backpack XPL_USDC_PERP−0.0024%1h0.09688+0.013%$179K$199K10xas long as short
dYdX XPL-USD0.0000%1h0.09686−0.004%$9K$5855xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.843%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09679−0.076%$73K150xas long as short
Orderly PERP_XPL_USDC+0.0018%4h0.09670−0.173%$29K$339K10xas long as short
Gate XPL_USDT+0.0038%4h0.09675−0.121%$3.0M$3.4M75xas long as short
Paradex XPL-USD-PERP+0.0056%8h0.09674−0.134%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0096%1h0.09675−0.121%$4.4M$3.0M10xas long as short
Nado XPL-PERP+0.0100%1h0.09680−0.075%$1.2M$2.5M10xas long as short
Hyperliquid XPL+0.0100%1h0.09690+0.037%$61.1M$46.7M10xas long as short
Aster XPLUSDTlong+0.0100%4h0.09687long leg$252K$470K20x
Pacifica XPL+0.0100%1h0.09687+0.004%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09671−0.163%$43.9M$102.4M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09669−0.183%$45.8M$54.4M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09671−0.163%$8.3M$49.3M50xas long as short
Bulk XPL-USD+0.0100%1h0.09670−0.173%$141K$5K10xas long as short
MEXC XPL_USDT+0.0100%4h0.09673−0.142%$12.5M$7.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09674−0.132%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09681−0.059%$8.8M$9.8M75xas long as short
BingX XPL-USDT+0.0100%4h0.09670−0.173%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09689+0.021%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09693+0.063%$261K$1.0M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09710+0.240%$25K$78K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09683−0.040%$127K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09660−0.276%$3K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09670−0.173%$201$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09693+0.064%$142K$203K20xas long as short
Extended XPL-USD+0.0104%1h0.09667−0.206%$656K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09676−0.108%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09709+0.230%$197K$573K10xas long as short
BloFin XPL-USDTshort+0.0340%4h0.09690+0.034%$1.8M$978K75x
Coinbase International XPL-PERP-INTX+0.0640%1h0.09734+0.488%$75K$82K50xas long as short
Kraken Futures PF_XPLUSD+0.3101%1h0.09712+0.258%$551K$976K10xas long as short