Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0564%/8h= +61.8% APRpaid last 24h +0.194%

Price spread now: Coinbase International against Aster+1.558%54s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Coinbase International is 1.558% dearer against Aster than usual: you sell high and buy low: +$156 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09569	0.0100	pay 0.0050% / 4h	1h 34m	$253K	$415K	20x
Short	Coinbase International XPL-PERP-INTX	0.09718	0.0664	get 0.0083% / 1h	34m 23s	$66K	$92K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +1.558%Rate

Funding earned: $118.44
Price spread: +1.558% → 0.000%: $155.8
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $256.24
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: live order book, 8 min ago; Coinbase International: no order-book sample. Net counts fees only.

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	5.72 bp	19.7 bp −$20	167.4 bp −$1,674	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1136%	1h	0.09550	−0.198%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09558	−0.114%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09564	−0.046%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0273%	1h	0.09562	−0.072%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0002%	4h	0.09560	−0.093%	$30K	$267K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09569	+0.004%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.884%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09558	−0.117%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0055%	8h	0.09562	−0.073%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09559	−0.104%	$1.2M	$2.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09570	+0.012%	$60.4M	$46.1M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09569	long leg	$253K	$415K	20x
Pacifica XPL	+0.0100%	1h	0.09570	+0.011%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09559	−0.107%	$43.2M	$97.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09560	−0.093%	$45.6M	$53.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09565	−0.041%	$7.9M	$47.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09595	+0.273%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09562	−0.072%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09559	−0.104%	$12.5M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09566	−0.030%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09569	+0.001%	$8.8M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09560	−0.093%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09562	−0.072%	$176K	$188K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09540	−0.304%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09580	+0.116%	$256K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09590	+0.220%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09570	+0.010%	$125K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09540	−0.302%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.093%	$200	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09577	+0.085%	$132K	$215K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09561	−0.083%	$603K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09560	−0.093%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09570	+0.011%	$194K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09556	−0.135%	$1.7M	$931K	75x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0664%	1h	0.09718	+1.558%	$66K	$92K	50x
Kraken Futures PF_XPLUSD	+0.2855%	1h	0.09591	+0.228%	$543K	$935K	10x	as long as short