Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against SoDEX+0.096%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: 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 0.096% dearer against SoDEX than usual: you sell high and buy low, +$10 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	SoDEX XPL-USD	0.09500	0.0100	pay 0.0013% / 1h	17m 53s	$181	$9K	10x
Short	Aster XPLUSDT	0.09509	0.0100	get 0.0050% / 4h	2h 17m	$253K	$379K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → 0.000%: $9.62
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$6.38
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 32 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 32 min ago	1.58 bp	22.5 bp −$22	165.9 bp −$1,659	doesn't fit	doesn't fit

SoDEX: 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 exchanges

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	−0.0968%	1h	0.09493	−0.074%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0536%	1h	0.09499	−0.011%	$552	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0377% / S +0.0654%	1h	0.09506	+0.058%	$105K	—	100x	as long as short
Bybit XPLUSDT	−0.0303%	4h	0.09494	−0.063%	$44.8M	$53.2M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0276%	1h	0.09505	+0.053%	$47K	$18K	25x	as long as short
Extended XPL-USD	−0.0200%	1h	0.09497	−0.035%	$601K	$1.2M	25x	as long as short
Paradex XPL-USD-PERP	−0.0138%	8h	0.09498	−0.024%	$12K	$696	5x	as long as short
OKX XPL-USDT-SWAP	−0.0097%	4h	0.09497	−0.032%	$7.6M	$47.1M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0068%	4h	0.09502	+0.021%	$30K	$195K	10x	as long as short
Gate XPL_USDT	−0.0038%	4h	0.09499	−0.011%	$2.9M	$3.4M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPLUSDT	−0.0001%	4h	0.09496	−0.042%	$43.5M	$96.6M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09508	+0.085%	$9K	$600	5x	as long as short
MEXC XPL_USDT	0.0000%	4h	0.09498	−0.021%	$13.5M	$6.5M	100x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.309%	—	—	—	as long as short
BloFin XPL-USDT	+0.0005%	4h	0.09492	−0.084%	$1.7M	$804K	75x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09507	+0.077%	$72K	—	150x	as long as short
Aevo XPL-PERP	+0.0080%	1h	0.09510	+0.105%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09506	+0.058%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09517	+0.183%	$60.3M	$42.9M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09509	+0.096%	$253K	$379K	20x
Pacifica XPL	+0.0100%	1h	0.09509	+0.093%	$218K	$45K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09501	+0.011%	$2.4M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09510	+0.105%	$8.9M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09499	−0.011%	—	$7.7M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09506	+0.063%	$179K	$172K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09496	−0.047%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09508	+0.087%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09510	+0.105%	$25K	$68K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09515	+0.158%	$125K	$1.4M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09490	−0.105%	$3K	$1.5M	20x	as long as short
SoDEX XPL-USDlong	+0.0100%	1h	0.09500	long leg	$181	$9K	10x
HTX XPL-USDT	+0.0100%	4h	0.09504	+0.042%	$132K	$212K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09515	+0.158%	$139K	$5K	10x	as long as short
Phoenix XPL	+0.0166%	1h	0.09508	+0.084%	$192K	$474K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0648%	1h	0.09736	+2.484%	$65K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1852%	1h	0.09527	+0.285%	$542K	$984K	10x	as long as short