Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Aster+0.053%7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.053% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09655	0.0100	pay 0.0050% / 4h	1h 54m	$254K	$415K	20x
Short	SoDEX XPL-USD	0.09660	0.0100	get 0.0013% / 1h	54m 57s	$202	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → 0.000%: $5.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.73
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 52 min ago; SoDEX: 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, 52 min ago	6.27 bp	23.3 bp −$23	174.5 bp −$1,745	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
01 Exchange XPLUSD	−0.0424%	1h	0.09646	−0.092%	$561	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09663	+0.083%	$107K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0267%	1h	0.09661	+0.063%	$46K	$18K	25x	as long as short
Lighter XPL	−0.0160%	1h	0.09651	−0.040%	$4.4M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09671	+0.168%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.586%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0005%	4h	0.09660	+0.053%	$31K	$280K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09663	+0.084%	$73K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0055%	8h	0.09654	−0.012%	$13K	$696	5x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09675	+0.207%	$61.2M	$46.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPLUSDTlong	+0.0100%	4h	0.09655	long leg	$254K	$415K	20x
Pacifica XPL	+0.0100%	1h	0.09667	+0.125%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09642	−0.134%	$43.7M	$97.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09644	−0.113%	$45.7M	$53.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09643	−0.123%	$8.0M	$48.4M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09644	−0.113%	$3.1M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09643	−0.123%	$12.6M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09642	−0.134%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09650	−0.051%	$8.9M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09643	−0.123%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09661	+0.063%	$175K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09661	+0.061%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09660	+0.053%	$259K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.260%	$25K	$77K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09657	+0.027%	$1.2M	$2.2M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09668	+0.138%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09640	−0.154%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USDshort	+0.0100%	1h	0.09660	+0.053%	$202	$9K	10x
HTX XPL-USDT	+0.0100%	4h	0.09655	+0.001%	$134K	$212K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09676	+0.218%	$141K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09640	−0.159%	$609K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09657	+0.021%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09693	+0.395%	$196K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09652	−0.030%	$1.7M	$939K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+0.653%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2823%	1h	0.09699	+0.453%	$551K	$953K	10x	as long as short