Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.012%

Price spread now: dYdX against Binance+0.070%7-day average — · you sell dearer than you buy

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.070% dearer against Binance than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLMUSDT	0.2161	0.0100	pay 0.0100% / 8h	7h 06m	$55.7M	$150.4M	75x
Short	dYdX XLM-USD	0.2163	0.0064	get 0.0008% / 1h	6m 17s	$23K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$7.5
Price spread: +0.070% → 0.000%: $7.04
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$20.46
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; dYdX: no order-book sample. 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 Binance live order book, 7 min ago	0.23 bp	6.7 bp −$7	12.8 bp −$128	33.0 bp −$3,300	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

XLM on 31 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
Injective XLM/USDC PERP	−0.5000%	1h	0.2157	−0.198%	$736	$241K	12x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2160	−0.082%	$4K	—	150x	as long as short
dYdX XLM-USDshort	+0.0064%	1h	0.2163	+0.070%	$23K	$2K	10x
Lighter XLM	+0.0096%	1h	0.2164	+0.121%	$398K	$838K	5x	as long as short
Binance XLMUSDTlong	+0.0100%	8h	0.2161	long leg	$55.7M	$150.4M	75x
Bybit XLMUSDT	+0.0100%	8h	0.2161	−0.009%	$44.4M	$44.1M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2160	−0.064%	$13.1M	$41.2M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2160	−0.069%	$4.1M	$6.4M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2161	+0.005%	$25.1M	$26.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2160	−0.073%	$14.4M	$10.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2160	−0.050%	$25.8M	$19.7M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2160	−0.078%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2166	+0.237%	$89K	$260K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2159	−0.101%	$283K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2168	+0.311%	$12K	$301K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2164	+0.148%	$610K	$578K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2167	+0.255%	$174K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2160	−0.060%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2157	−0.180%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2160	−0.036%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2161	−0.032%	$199K	$257K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2162	+0.010%	$9.1M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2159	−0.088%	$193K	$1.7M	10x	as long as short
Aster XLMUSDT	+0.0155%	8h	0.2162	+0.021%	$580K	$619K	75x	as long as short
Kraken Futures PF_XLMUSD	+0.0183%	1h	0.2162	+0.024%	$2.6M	$2.6M	50x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2167	+0.269%	$2.3M	$5.3M	75x	as long as short
Phoenix XLM	+0.0223%	1h	0.2171	+0.431%	$5K	$42K	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0448%	1h	0.2165	+0.149%	$233K	$1.5M	50x	as long as short
Hyperliquid XLM	+0.0529%	1h	0.2163	+0.084%	$12.6M	$6.3M	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0620% / S −0.1271%	1h	0.2159	−0.104%	$174K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0630%	1h	0.2161	−0.013%	$536K	$150K	25x	as long as short