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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0187%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h +0.015%
Price spread now: Phoenix against dYdX−0.084%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Phoenix is 0.084% cheaper against dYdX than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 36 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XLM-USD0.21510get 0.0000% / 1h20m 50s$23K$3K10x
ShortPhoenix XLM0.21490.0187get 0.0023% / 1h20m 50s$5K$43K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against dYdX. 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
$39.18
Price spread: −0.084% → 0.000%
−$8.4
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$13.78
Costs to cover
0.170%
Break-even
4.5 days
Slippage unknown: dYdX: no order-book sample; Phoenix: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Phoenix no order-book sample
dYdX and Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XLM-USDlong0.0000%1h0.2151long leg$23K$3K10x
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2151+0.003%$4K150xas long as short
Aster XLMUSDT+0.0100%8h0.2151+0.024%$587K$793K75xas long as short
Binance XLMUSDT+0.0100%8h0.2152+0.065%$55.5M$145.2M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2151+0.028%$43.8M$41.3M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2151+0.004%$13.0M$40.8M50xas long as short
Gate XLM_USDT+0.0100%8h0.2151+0.023%$3.9M$5.9M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2152+0.074%$25.3M$25.2M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2151+0.028%$14.5M$10.4M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2151+0.028%$25.8M$17.9M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDC+0.0100%8h0.2152+0.051%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2152+0.056%$102K$221K20xas long as short
Variational Omni XLM+0.0100%8h0.2142−0.385%$207K$1.1Mas long as short
edgeX XLMUSDC+0.0100%4h0.2146−0.230%$12K$298K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2148−0.116%$602K$595K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2146−0.228%$172K$256K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2152+0.060%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2149−0.093%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2152+0.037%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2151+0.004%$201K$267K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2151+0.032%$9.0M$9.0M50xas long as short
Extended XLM-USD+0.0104%1h0.2152+0.042%$193K$1.6M10xas long as short
Phoenix XLMshort+0.0187%1h0.2149−0.084%$5K$43K5x
BloFin XLM-USDT+0.0220%8h0.2152+0.069%$2.3M$6.3M75xas long as short
Injective XLM/USDC PERP+0.0249%1h0.2127−1.102%$476$154K12xas long as short
Hyperliquid XLM+0.0265%1h0.2153+0.128%$12.0M$5.8M5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0313% / S −0.0166%1h0.2151+0.019%$45K100xas long as short
Coinbase International XLM-PERP-INTX+0.0408%1h0.2155+0.204%$229K$1.5M50xas long as short
Kraken Futures PF_XLMUSD+0.0548%1h0.2152+0.079%$2.6M$2.6M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0726%1h0.2154+0.144%$535K$170K25xas long as short
Lighter XLM+0.0808%1h0.2155+0.200%$424K$803K5xas long as short