Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Pacifica−0.003%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$850.853% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.003%, 7d avg +0.008%

Together, before fees+0.010%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09747	0.0100	pay 0.0013% / 1h	32m 21s	$221K	$45K	10x
Short	Aster XPLUSDT	0.09747	0.0100	get 0.0050% / 4h	2h 32m	$252K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.008%: −$1.14
Slippage, 4 orders: −$69.3
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$86.44
Costs to cover: 0.853%
Break-even: never at this rate

Slippage from Pacifica: live order book, 55 min ago; Aster: live order book, 55 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 Pacifica live order book, 55 min ago	10.08 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 55 min ago	4.04 bp	19.9 bp −$20	163.0 bp −$1,630	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	−0.0128%	1h	0.09734	−0.134%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0076% / S +0.0483%	1h	0.09745	−0.022%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09745	−0.021%	$8K	—	5x	as long as short
01 Exchange XPLUSD	0.0000%	1h	0.09744	−0.032%	$567	$582	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.330%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09735	−0.124%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09745	−0.022%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0016%	1h	0.09734	−0.134%	$177K	$283K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09737	−0.104%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	0.09742	−0.054%	$13K	$2K	5x	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	0.09741	−0.057%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09756	+0.090%	$62.7M	$47.1M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09747	−0.003%	$252K	$527K	20x
Pacifica XPLlong	+0.0100%	1h	0.09747	long leg	$221K	$45K	10x
Binance XPLUSDT	+0.0100%	4h	0.09745	−0.018%	$44.0M	$104.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09735	−0.124%	$47.5M	$53.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09734	−0.134%	$9.0M	$53.0M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09822	+0.773%	$142K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09742	−0.052%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09744	−0.032%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09740	−0.073%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09748	+0.009%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09739	−0.083%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09764	+0.175%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09764	+0.171%	$264K	$786K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	+0.338%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09753	+0.065%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09730	−0.175%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09730	−0.175%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09764	+0.173%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09742	−0.051%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09738	−0.096%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09728	−0.196%	$1.7M	$1.1M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09773	+0.266%	$198K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.994%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3495%	1h	0.09785	+0.390%	$515K	$940K	10x	as long as short