Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h −0.010%

Price spread now: dYdX against BingX−0.274%7-day average — · you buy dearer than you sell

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

Long on BingX 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

Funding pays, the price is against you. dYdX is 0.274% cheaper against BingX than usual: you would sell low and buy high (spread −0.274% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 6.8 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XLM-USDT	0.2122	0.0100	pay 0.0100% / 8h	5h 36m	—	$7.0M	—
Short	dYdX XLM-USD	0.2116	0.0235	get 0.0029% / 1h	36m 59s	$23K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now −0.274%Rate

Funding earned: $28.41
Price spread: −0.274% → 0.000%: −$27.44
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$19.03
Costs to cover: 0.200%
Break-even: 11.7 days

Slippage unknown: BingX: live order book, 1 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 BingX live order book, 1 min ago	0.71 bp	8.2 bp −$8	10.8 bp −$108	19.4 bp −$1,942	113.5 bp −$56.8K
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
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2120	−0.074%	$4K	—	150x	as long as short
Lighter XLM	+0.0096%	1h	0.2123	+0.057%	$357K	$901K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2122	0.000%	$54.3M	$153.3M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2121	−0.057%	$42.9M	$45.6M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2121	−0.038%	$12.6M	$41.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2121	−0.047%	$4.1M	$6.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2121	−0.042%	$23.8M	$26.8M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2122	+0.005%	$14.0M	$9.9M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2121	−0.047%	$25.5M	$20.8M	75x	as long as short
BingX XLM-USDTlong	+0.0100%	8h	0.2122	long leg	—	$7.0M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2123	+0.028%	$93K	$270K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2122	+0.004%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2122	+0.016%	$12K	$303K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2119	−0.118%	$586K	$598K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2119	−0.165%	$170K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2121	−0.047%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2120	−0.099%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2121	−0.042%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2120	−0.094%	$196K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2123	+0.028%	$8.9M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2121	−0.050%	$189K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0104%	8h	0.2121	−0.040%	$564K	$624K	75x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2121	−0.038%	$2.3M	$4.9M	75x	as long as short
dYdX XLM-USDshort	+0.0235%	1h	0.2116	−0.274%	$23K	$2K	10x
Phoenix XLM	+0.0264%	1h	0.2128	+0.269%	$5K	$46K	5x	as long as short
Hyperliquid XLM	+0.0441%	1h	0.2124	+0.104%	$12.3M	$6.1M	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0463%	1h	0.2122	−0.021%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2126	+0.203%	$232K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0516% / S −0.0193%	1h	0.2120	−0.092%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0740%	1h	0.2122	+0.019%	$527K	$153K	25x	as long as short
Injective XLM/USDC PERP	+0.1081%	1h	0.2125	+0.141%	$683	$241K	12x	as long as short