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: Aster against BingX+0.080%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.513%−$51 · spread now +0.080%, 7d avg +0.050%

Together, before fees−0.509%+ Points / potential airdropAster: Stage 5 · farm board−$51 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: Aster is 0.030% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XPL-USDT	0.09615	0.0100	pay 0.0050% / 4h	3h 09m	—	$7.8M	—
Short	Aster XPLUSDT	0.09623	0.0100	get 0.0050% / 4h	3h 09m	$251K	$422K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.050%: $2.99
Slippage, 4 orders: −$52.06
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$67.07
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Aster: live order book, 43 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 BingX live order book, 13 min ago	5.70 bp	14.8 bp −$15	24.0 bp −$240	84.3 bp −$8,432	doesn't fit
Sell Aster live order book, 43 min ago	5.15 bp	18.9 bp −$19	147.9 bp −$1,479	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	+0.177%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09603	−0.125%	$558	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09636	+0.215%	$106K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0064%	1h	0.09627	+0.125%	$175K	$190K	10x	as long as short
Bybit XPLUSDT	−0.0011%	4h	0.09608	−0.073%	$45.4M	$54.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09629	+0.147%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.262%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09638	+0.235%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0009%	4h	0.09627	+0.125%	$29K	$339K	10x	as long as short
Lighter XPL	+0.0032%	1h	0.09617	+0.021%	$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	+0.0046%	8h	0.09621	+0.063%	$13K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09616	+0.010%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09634	+0.197%	$61.1M	$46.4M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09623	+0.080%	$251K	$422K	20x
Pacifica XPL	+0.0100%	1h	0.09627	+0.121%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09612	−0.035%	$43.6M	$100.7M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09609	−0.062%	$8.2M	$48.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09650	+0.364%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09618	+0.031%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09620	+0.052%	$12.7M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09617	+0.021%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09625	+0.104%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDTlong	+0.0100%	4h	0.09615	long leg	—	$7.8M	—
Variational Omni XPL	+0.0100%	4h	0.09633	+0.184%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09655	+0.418%	$260K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09670	+0.572%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09640	+0.263%	$128K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	+0.052%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	+0.156%	$200	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09634	+0.198%	$141K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09612	−0.026%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09630	+0.156%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09670	+0.572%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09639	+0.250%	$1.8M	$959K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09708	+0.967%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3116%	1h	0.09665	+0.522%	$550K	$990K	10x	as long as short