Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.047%

Price spread now: Aster against 01 Exchange+0.122%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aster is 0.122% dearer against 01 Exchange than usual: you sell high and buy low: +$12 more if the spread 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	01 Exchange XPLUSD	0.09802	−0.0256	get 0.0032% / 1h	51m 43s	$570	$708	5x
Short	Aster XPLUSDT	0.09814	0.0100	get 0.0050% / 4h	51m 43s	$254K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now +0.122%Rate

Funding earned: $74.76
Price spread: +0.122% → 0.000%: $12.25
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $72.01
Costs to cover: 0.150%
Break-even: 0.3 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 26 min ago	4.12 bp	19.4 bp −$19	111.3 bp −$1,113	doesn't fit	doesn't fit

01 Exchange: 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
Lighter XPL	−0.0376%	1h	0.09800	−0.020%	$4.4M	$4.1M	10x	as long as short
01 Exchange XPLUSDlong	−0.0256%	1h	0.09802	long leg	$570	$708	5x
Deribit XPL_USDC-PERPETUAL	−0.0158%	1h	0.09812	+0.102%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0124% / S +0.0515%	1h	0.09815	+0.135%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09807	+0.047%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.766%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09814	+0.118%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0062%	4h	0.09809	+0.071%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0082%	8h	0.09799	−0.030%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09803	+0.010%	$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	0.09822	+0.203%	$63.5M	$47.9M	10x	as long as short
Aster XPLUSDTshort	+0.0100%	4h	0.09814	+0.122%	$254K	$527K	20x
Pacifica XPL	+0.0100%	1h	0.09808	+0.059%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09806	+0.041%	$44.4M	$107.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09807	+0.051%	$48.1M	$55.0M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09804	+0.020%	$8.9M	$54.6M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09800	−0.020%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09804	+0.020%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09796	−0.061%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09815	+0.133%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09806	+0.041%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09812	+0.102%	$178K	$279K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09788	−0.141%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09812	+0.100%	$261K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09800	−0.020%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09816	+0.142%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09790	−0.122%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09810	+0.082%	$451	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09811	+0.092%	$139K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09790	−0.122%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09802	+0.001%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09810	+0.082%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09824	+0.224%	$199K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09816	+0.143%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+0.235%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5065%	1h	0.09857	+0.561%	$567K	$1.0M	10x	as long as short