Settings8H · net · $10k
Funding arb · Price arb /

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.096%
Price spread now: Coinbase International against Aster−0.012%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$510.509% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.143%+$14 on $10k
Price spread, last 3 days (all we have)−0.180%−$18 · spread now −0.012%, 7d avg +0.012%
Together, before fees−0.037%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.024% cheaper against Aster than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.012%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.143% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XLMUSDT0.21540.0100pay 0.0100% / 8h4m 45s$577K$752K75x
ShortCoinbase International XLM-PERP-INTX0.21530.0448get 0.0056% / 1h4m 45s$229K$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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

Funding earned
$73.08
Price spread: −0.012% → +0.012%
−$2.43
Slippage, 4 orders
−$32.86
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$19.8
Costs to cover
0.509%
Break-even
5.1 days
Slippage from Aster: live order book, 8 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 8 min ago2.55 bp9.8 bp −$1037.5 bp −$375doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago2.55 bp14.1 bp −$1419.4 bp −$194doesn't fitdoesn't fit

XLM on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XLM/USDC PERP−0.5000%1h0.2157+0.160%$736$241K12xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2147−0.294%$4K150xas long as short
dYdX XLM-USD+0.0094%1h0.2150−0.165%$23K$3K10xas long as short
Aster XLMUSDTlong+0.0100%8h0.2154long leg$577K$752K75x
Binance XLMUSDT+0.0100%8h0.2152−0.057%$55.6M$151.0M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2152−0.072%$43.7M$44.1M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2152−0.054%$13.0M$41.7M50xas long as short
Gate XLM_USDT+0.0100%8h0.2150−0.151%$4.1M$6.3M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2152−0.077%$24.9M$26.5M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2149−0.235%$14.3M$10.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2151−0.105%$25.5M$19.3M75xas long as short
BingX XLM-USDT+0.0100%8h0.2151−0.128%$7.1Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2149−0.235%$89K$271K20xas long as short
Variational Omni XLM+0.0100%8h0.2145−0.388%$267K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2148−0.237%$12K$301K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2153−0.023%$596K$604K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2146−0.355%$172K$258K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2148−0.258%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2151−0.128%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2148−0.258%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2147−0.290%$198K$261K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2149−0.202%$9.0M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2151−0.117%$192K$1.6M10xas long as short
Lighter XLM+0.0184%1h0.2154+0.021%$396K$836K5xas long as short
BloFin XLM-USDT+0.0220%8h0.2148−0.249%$2.3M$5.5M75xas long as short
Phoenix XLM+0.0222%1h0.2149−0.216%$5K$42K5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0315% / S −0.0167%1h0.2147−0.310%$45K100xas long as short
Hyperliquid XLM+0.0327%1h0.2153−0.035%$12.3M$6.2M5xas long as short
Kraken Futures PF_XLMUSD+0.0415%1h0.2149−0.225%$2.6M$2.6M50xas long as short
Coinbase International XLM-PERP-INTXshort+0.0448%1h0.2153−0.012%$229K$1.5M50x
Deribit XLM_USDC-PERPETUAL+0.0821%1h0.2150−0.174%$534K$161K25xas long as short