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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0081%/8h= −8.8% APRnext payment $0.40 per $10,000 · paid last 24h −0.016%
Price spread now: Orderly against Aster−0.150%7-day average −0.083% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.220%−$22 on $10k
Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.150%, 7d avg −0.083%
Together, before fees−0.164%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.067% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.083%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XPLUSDT0.099300.0100pay 0.0050% / 4h3h 09m$257K$539K20x
ShortOrderly PERP_XPL_USDC0.099150.0019get 0.0010% / 4h3h 09m$30K$335K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
−$16.96
Price spread: −0.150% → −0.083%
−$6.69
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$37.65
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 63 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 63 min ago5.67 bp20.1 bp −$20168.8 bp −$1,688doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XPLUSD−0.0200%1h0.09923−0.069%$577$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0174% / S +0.0547%1h0.09927−0.029%$114K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0153%1h0.09913−0.170%$48K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09922−0.080%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−23.760%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09921−0.086%$77K150xas long as short
Lighter XPL+0.0016%1h0.09912−0.180%$4.5M$4.2M10xas long as short
Orderly PERP_XPL_USDCshort+0.0019%4h0.09915−0.150%$30K$335K10x
Paradex XPL-USD-PERP+0.0047%8h0.09923−0.067%$13K$2K5xas long as short
OKX XPL-USDT-SWAP+0.0083%4h0.09914−0.160%$8.8M$56.1M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09923−0.069%$1.5M$2.6M10xas long as short
Aster XPLUSDTlong+0.0100%4h0.09930long leg$257K$539K20x
Pacifica XPL+0.0100%1h0.09926−0.040%$226K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09918−0.117%$45.4M$108.8M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09918−0.120%$48.3M$56.1M75xas long as short
Bulk XPL-USD+0.0100%1h0.09870−0.603%$144K$2K10xas long as short
Gate XPL_USDT+0.0100%4h0.09922−0.079%$3.1M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09916−0.140%$13.2M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09926−0.039%$2.5M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09925−0.049%$8.9M$11.2M75xas long as short
BingX XPL-USDT+0.0100%4h0.09917−0.130%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09911−0.190%$185K$254K10xas long as short
Variational Omni XPL+0.0100%4h0.09896−0.342%$1.8M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09903−0.270%$263K$844K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09910−0.200%$26K$89K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09931+0.012%$133K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09910−0.200%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09900−0.301%$498$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09913−0.170%$143K$243K20xas long as short
Extended XPL-USD+0.0104%1h0.09923−0.067%$673K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09910−0.196%$29K$18K3xas long as short
Phoenix XPL+0.0163%1h0.09925−0.049%$201K$655K10xas long as short
Hyperliquid XPL+0.0187%1h0.09934+0.044%$64.5M$47.0M10xas long as short
BloFin XPL-USDT+0.0340%4h0.09898−0.321%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0376%1h0.09980+0.505%$74K$97K50xas long as short
Kraken Futures PF_XPLUSD+0.4996%1h0.09958+0.279%$576K$1.0M10xas long as short