Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against Bitget−0.096%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$780.776% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.370%−$37 · spread now −0.096%, 7d avg −0.002%

Together, before fees−0.280%+ Points / potential airdropAster: Stage 5 · farm board−$28 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 0.094% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPLUSDT	0.09816	0.0100	pay 0.0050% / 4h	55m 25s	$8.7M	$11.1M	75x
Short	Aster XPLUSDT	0.09807	0.0100	get 0.0050% / 4h	55m 25s	$254K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.002%: −$9.45
Slippage, 4 orders: −$57.59
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$87.04
Costs to cover: 0.776%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Aster: live order book, 22 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 Bitget live order book, 3 min ago	5.10 bp	17.8 bp −$18	47.1 bp −$471	doesn't fit	doesn't fit
Sell Aster live order book, 22 min ago	4.12 bp	19.4 bp −$19	111.3 bp −$1,113	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
Lighter XPL	−0.0328%	1h	0.09789	−0.275%	$4.4M	$4.1M	10x	as long as short
01 Exchange XPLUSD	−0.0320%	1h	0.09813	−0.031%	$571	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0260%	1h	0.09791	−0.255%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0122% / S +0.0513%	1h	0.09793	−0.231%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09799	−0.171%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.877%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09793	−0.231%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0065%	4h	0.09788	−0.285%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0083%	8h	0.09806	−0.101%	$13K	$2K	5x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09825	+0.093%	$63.6M	$47.8M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPLUSDTshort	+0.0100%	4h	0.09807	−0.096%	$254K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09806	−0.101%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09810	−0.061%	$44.4M	$107.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09813	−0.031%	$48.2M	$54.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09808	−0.081%	$8.9M	$54.5M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09800	−0.163%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09809	−0.071%	$12.7M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09792	−0.244%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDTlong	+0.0100%	4h	0.09816	long leg	$8.7M	$11.1M	75x
BingX XPL-USDT	+0.0100%	4h	0.09806	−0.102%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09795	−0.214%	$178K	$279K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09755	−0.620%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09777	−0.397%	$260K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09800	−0.163%	$25K	$88K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09810	−0.056%	$1.4M	$2.6M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09821	+0.053%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09770	−0.469%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09790	−0.265%	$450	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09788	−0.285%	$139K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09790	−0.265%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09805	−0.114%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09797	−0.197%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09800	−0.163%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09802	−0.143%	$198K	$651K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+0.092%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5067%	1h	0.09853	+0.376%	$567K	$1.0M	10x	as long as short