Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Aster−0.152%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on Aster Short on KuCoin

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)+0.777%+$78 · spread now −0.152%, 7d avg −0.010%

Together, before fees+0.777%+ Points / potential airdropAster: Stage 5 · farm board+$78 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: KuCoin is 0.141% cheaper against Aster than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09622	0.0100	pay 0.0050% / 4h	20m 03s	$242K	$469K	20x
Short	KuCoin XPLUSDTM	0.09607	0.0100	get 0.0050% / 4h	20m 03s	$2.3M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.152%Rate

Funding earned: $0
Price spread: −0.152% → −0.010%: −$14.13
Slippage, 4 orders: −$79.71
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$113.84
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from Aster: live order book, 37 min ago; KuCoin: live order book, 2 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, 37 min ago	4.70 bp	21.1 bp −$21	147.5 bp −$1,475	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	11.46 bp	23.5 bp −$24	143.0 bp −$1,430	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
01 Exchange XPLUSD	−0.0368%	1h	0.09604	−0.183%	$558	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0616%	1h	0.09618	−0.040%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0092%	4h	0.09612	−0.100%	$45.5M	$54.7M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0062%	1h	0.09615	−0.068%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0031%	1h	0.09618	−0.037%	$178K	$223K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09620	−0.015%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.316%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09619	−0.022%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0014%	4h	0.09612	−0.100%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0080%	8h	0.09616	−0.059%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09607	−0.152%	$4.3M	$3.3M	10x	as long as short
Gate XPL_USDT	+0.0098%	4h	0.09616	−0.058%	$3.0M	$3.6M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09616	−0.058%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09629	+0.073%	$60.7M	$46.7M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09622	long leg	$242K	$469K	20x
Pacifica XPL	+0.0100%	1h	0.09623	+0.013%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09615	−0.068%	$43.7M	$103.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09615	−0.068%	$8.3M	$49.4M	50x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09614	−0.079%	$12.3M	$7.8M	100x	as long as short
KuCoin XPLUSDTMshort	+0.0100%	4h	0.09607	−0.152%	$2.3M	$1.4M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09619	−0.027%	$8.6M	$10.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09612	−0.100%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09603	−0.196%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09624	+0.027%	$253K	$983K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09640	+0.191%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09623	+0.011%	$124K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09600	−0.224%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09610	−0.120%	$200	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09624	+0.025%	$141K	$206K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09630	+0.088%	$140K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09612	−0.100%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09613	−0.093%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09626	+0.046%	$195K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09609	−0.131%	$1.7M	$983K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09676	+0.566%	$75K	$87K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3304%	1h	0.09656	+0.354%	$547K	$975K	10x	as long as short