Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Aster+0.011%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+0.999%+$100 · spread now +0.011%, 7d avg +0.053%

Together, before fees+0.952%+ Points / potential airdropAster: Stage 5 · farm board+$95 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: Polymarket Perps is 0.042% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09675	0.0100	pay 0.0050% / 4h	2h 25m	$246K	$513K	20x
Short	Polymarket Perps XPL-USD	0.09676	0.0100	get 0.0013% / 1h	25m 24s	$129K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.053%: −$4.24
Slippage, 4 orders: −$40.8
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$61.04
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Aster: live order book, 42 min ago; Polymarket Perps: live order book, 3 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, 42 min ago	3.53 bp	22.4 bp −$22	174.7 bp −$1,747	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.94 bp	9.1 bp −$9	9.4 bp −$94	doesn't fit	doesn't fit

XPL on 35 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
Deribit XPL_USDC-PERPETUAL	−0.0473%	1h	0.09673	−0.020%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0232%	1h	0.09663	−0.124%	$562	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0197% / S +0.0561%	1h	0.09679	+0.046%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0101%	1h	0.09680	+0.052%	$179K	$245K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09672	−0.035%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.748%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0001%	4h	0.09675	+0.001%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09680	+0.052%	$60K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0054%	4h	0.09668	−0.072%	$8.3M	$54.9M	50x	as long as short
Paradex XPL-USD-PERP	+0.0060%	8h	0.09670	−0.053%	$13K	$2K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09661	−0.144%	$4.4M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09666	−0.087%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09677	+0.021%	$61.8M	$48.0M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09675	long leg	$246K	$513K	20x
Pacifica XPL	+0.0100%	1h	0.09673	−0.018%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09667	−0.082%	$44.0M	$110.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09666	−0.092%	$46.6M	$57.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09675	+0.004%	$141K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09670	−0.051%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09668	−0.072%	$12.7M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09669	−0.061%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09674	−0.010%	$8.6M	$11.3M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09674	−0.010%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09672	−0.031%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09674	−0.005%	$264K	$877K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09700	+0.259%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USDshort	+0.0100%	1h	0.09676	+0.011%	$129K	$2.6M	10x
SunX XPL-USDT	+0.0100%	4h	0.09670	−0.051%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.051%	$197	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09669	−0.061%	$143K	$258K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09671	−0.045%	$655K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09675	+0.001%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09701	+0.269%	$196K	$657K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09766	+0.941%	$78K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4404%	1h	0.09713	+0.396%	$551K	$1.0M	10x	as long as short