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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against edgeX+0.259%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$320.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.082%−$8 on $10k
Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.259%, 7d avg −0.028%
Together, before fees−0.380%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.287% dearer against edgeX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XLMUSDC0.21080.0100pay 0.0050% / 4h2h 19m$12K$307K10x
ShortBybit XLMUSDT0.21140.0100get 0.0100% / 8h2h 19m$42.7M$47.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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
$0
Price spread: +0.259% → −0.028%
$28.71
Slippage, 4 orders
−$11.91
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$3.2
Costs to cover
0.319%
Break-even
never at this rate
Slippage from edgeX: live order book, 29 min ago; Bybit: 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 edgeX live order book, 29 min ago1.18 bp5.9 bp −$649.4 bp −$494doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.38 bp7.9 bp −$817.8 bp −$17858.7 bp −$5,874doesn'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
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2113+0.253%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125+0.800%$683$241K12xas long as short
Lighter XLM+0.0096%1h0.2116+0.359%$354K$993K5xas long as short
Aster XLMUSDT+0.0100%8h0.2113+0.237%$560K$630K75xas long as short
Binance XLMUSDT+0.0100%8h0.2116+0.384%$54.1M$161.7M75xas long as short
Bybit XLMUSDTshort+0.0100%8h0.2114+0.259%$42.7M$47.4M75x
OKX XLM-USDT-SWAP+0.0100%8h0.2116+0.354%$12.2M$44.2M50xas long as short
Gate XLM_USDT+0.0100%8h0.2114+0.268%$3.9M$7.6M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2116+0.373%$24.4M$28.4M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2114+0.297%$13.8M$9.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2114+0.302%$25.4M$22.8M75xas long as short
BingX XLM-USDC+0.0100%8h0.2115+0.325%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2113+0.226%$131K$314K20xas long as short
Variational Omni XLM+0.0100%8h0.2105−0.143%$251K$1.3Mas long as short
edgeX XLMUSDClong+0.0100%4h0.2108long leg$12K$307K10x
GRVT XLM_USDT_Perp+0.0100%8h0.2103−0.255%$583K$615K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2099−0.453%$168K$265K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2115+0.325%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2114+0.254%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2115+0.330%$576$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2111+0.131%$195K$251K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2111+0.131%$8.8M$9.0M50xas long as short
Extended XLM-USD+0.0104%1h0.2115+0.315%$189K$1.8M10xas long as short
Kraken Futures PF_XLMUSD+0.0143%1h0.2115+0.322%$2.5M$2.7M50xas long as short
Hyperliquid XLM+0.0159%1h0.2116+0.382%$12.0M$6.6M5xas long as short
dYdX XLM-USD+0.0187%1h0.2111+0.137%$23K$2K10xas long as short
BloFin XLM-USDT+0.0220%8h0.2107−0.054%$2.3M$5.5M75xas long as short
Phoenix XLM+0.0226%1h0.2109+0.055%$4K$49K5xas long as short
Coinbase International XLM-PERP-INTX+0.0456%1h0.2114+0.278%$226K$1.6M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0517% / S −0.0228%1h0.2114+0.272%$40K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.1169%1h0.2117+0.411%$525K$163K25xas long as short