Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against HTX+0.087%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$820.822% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now +0.087%, 7d avg +0.070%

Together, before fees−0.037%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPL-USDT	0.09913	0.0100	pay 0.0050% / 4h	3h 10m	$143K	$243K	20x
Short	Aster XPLUSDT	0.09922	0.0100	get 0.0050% / 4h	3h 10m	$257K	$539K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.070%: $1.66
Slippage, 4 orders: −$62.19
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$80.53
Costs to cover: 0.822%
Break-even: never at this rate

Slippage from HTX: live order book, 61 min ago; Aster: live order book, 62 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 HTX live order book, 61 min ago	0.51 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 62 min ago	5.67 bp	17.1 bp −$17	102.3 bp −$1,023	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
01 Exchange XPLUSD	−0.0208%	1h	0.09895	−0.182%	$575	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0173% / S +0.0547%	1h	0.09904	−0.086%	$114K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0053%	1h	0.09904	−0.091%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09923	+0.100%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.630%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09904	−0.087%	$77K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09915	+0.020%	$4.5M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0019%	4h	0.09899	−0.141%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0046%	8h	0.09933	+0.205%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0085%	4h	0.09917	+0.040%	$8.8M	$56.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09902	−0.106%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09922	+0.087%	$257K	$539K	20x
Pacifica XPL	+0.0100%	1h	0.09932	+0.193%	$226K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09928	+0.154%	$45.4M	$109.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09925	+0.121%	$48.2M	$56.0M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09870	−0.434%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09921	+0.081%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09922	+0.091%	$13.2M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09925	+0.121%	$2.5M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09927	+0.141%	$8.9M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09921	+0.081%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09902	−0.111%	$185K	$254K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09896	−0.173%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09903	−0.100%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09940	+0.272%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09910	−0.034%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09880	−0.333%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09900	−0.131%	$498	$11K	10x	as long as short
HTX XPL-USDTlong	+0.0100%	4h	0.09913	long leg	$143K	$243K	20x
Extended XPL-USD	+0.0104%	1h	0.09920	+0.073%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09900	−0.131%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09925	+0.121%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0190%	1h	0.09947	+0.340%	$64.5M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09898	−0.151%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.676%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4999%	1h	0.09951	+0.385%	$575K	$1.0M	10x	as long as short