Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Aster+0.029%7-day average −0.003% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+1.478%+$148 · spread now +0.029%, 7d avg −0.003%

Together, before fees+1.478%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$148 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: Variational Omni is 0.033% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPLUSDT	0.09630	0.0100	pay 0.0050% / 4h	3h 09m	$251K	$422K	20x
Short	Variational Omni XPL	0.09633	0.0100	get 0.0050% / 4h	3h 09m	$1.7M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.003%: $3.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.73
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 43 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 43 min ago	5.15 bp	21.5 bp −$21	160.3 bp −$1,603	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.15 bp	doesn't fit	68.4 bp −$684	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
Deribit XPL_USDC-PERPETUAL	−0.0373%	1h	0.09632	+0.022%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09626	−0.040%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09636	+0.060%	$106K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0064%	1h	0.09627	−0.030%	$175K	$190K	10x	as long as short
Bybit XPLUSDT	−0.0003%	4h	0.09621	−0.092%	$45.5M	$54.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09648	+0.186%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.384%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09638	+0.080%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0009%	4h	0.09627	−0.030%	$29K	$339K	10x	as long as short
Lighter XPL	+0.0032%	1h	0.09624	−0.061%	$4.4M	$3.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0048%	8h	0.09633	+0.030%	$13K	$696	5x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09633	+0.030%	$61.1M	$46.6M	10x	as long as short
Aster XPLUSDTlong	+0.0100%	4h	0.09630	long leg	$251K	$422K	20x
Pacifica XPL	+0.0100%	1h	0.09640	+0.105%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09620	−0.103%	$43.7M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09618	−0.124%	$8.2M	$48.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09650	+0.209%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09620	−0.103%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09618	−0.124%	$12.7M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09617	−0.134%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09631	+0.011%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09622	−0.082%	—	$7.8M	—	as long as short
Variational Omni XPLshort	+0.0100%	4h	0.09633	+0.029%	$1.7M	$1.9M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09655	+0.263%	$260K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09670	+0.416%	$25K	$78K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09635	+0.048%	$1.2M	$2.4M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09640	+0.108%	$128K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	−0.103%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	+0.001%	$200	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09634	+0.043%	$141K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09618	−0.120%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09630	+0.001%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09670	+0.416%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09639	+0.095%	$1.8M	$959K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09708	+0.811%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3116%	1h	0.09665	+0.366%	$550K	$990K	10x	as long as short