Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0002%/8hpaid last 24h +0.001%

Price spread now: Aster against Paradex+0.179%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.179% dearer against Paradex than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPL-USD-PERP	0.1005	0.0098	pay 0.0098% / 8h	4h 06m	$13K	$2K	5x
Short	Aster XPLUSDT	0.1007	0.0100	get 0.0050% / 4h	6m 14s	$264K	$509K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now +0.179%Rate

Funding earned: $0.37
Price spread: +0.179% → 0.000%: $17.89
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: $6.25
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 26 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 26 min ago	8.08 bp	22.0 bp −$22	126.5 bp −$1,265	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0247%	1h	0.1006	+0.050%	$50K	$17K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0176%	1h	0.1006	+0.050%	$185K	$281K	10x	as long as short
Lighter XPL	−0.0168%	1h	0.1005	−0.040%	$4.6M	$4.3M	10x	as long as short
01 Exchange XPLUSD	−0.0128%	1h	0.1007	+0.189%	$586	$582	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.1007	+0.169%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−24.695%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.1006	+0.099%	$74K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0064%	4h	0.1006	+0.020%	$28K	$333K	10x	as long as short
Paradex XPL-USD-PERPlong	+0.0098%	8h	0.1005	long leg	$13K	$2K	5x
Nado XPL-PERP	+0.0100%	1h	0.1007	+0.159%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.1008	+0.318%	$66.5M	$44.4M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.1007	+0.179%	$264K	$509K	20x
Pacifica XPL	+0.0100%	1h	0.1006	+0.106%	$228K	$14K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.1006	+0.020%	$45.8M	$101.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.1005	+0.010%	$49.2M	$50.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.1005	0.000%	$9.6M	$53.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.1002	−0.280%	$142K	$55K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.1006	+0.040%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.1006	+0.040%	$14.0M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.1007	+0.139%	$2.5M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.1006	+0.089%	$8.8M	$10.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.1005	0.000%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.1003	−0.254%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.1003	−0.229%	$264K	$669K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.1008	+0.268%	$26K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.1008	+0.258%	$137K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.1004	−0.130%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.1005	−0.030%	$212	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.1007	+0.139%	$143K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.1005	+0.005%	$725K	$976K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.1006	+0.076%	$39K	$5K	3x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L +0.0208% / S +0.0037%	1h	0.1006	+0.079%	$141K	—	100x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.1005	−0.030%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0404%	1h	0.1004	−0.110%	$205K	$627K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0880%	1h	0.1013	+0.766%	$77K	$120K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2783%	1h	0.1009	+0.388%	$298K	$700K	10x	as long as short