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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.037%
Price spread now: Hyperliquid against edgeX+0.424%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs+$5as in the Price arb table
costs, in and out, $10k−$290.294% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 3 days (all we have)−0.233%−$23 · spread now +0.424%, 7d avg +0.081%
Together, before fees−0.299%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.343% dearer against edgeX than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.081%. Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XLMUSDC0.21250.0100pay 0.0050% / 4h2h 37m$11K$298K10x
ShortHyperliquid XLM0.21340.0206get 0.0026% / 1h37m 25s$11.9M$5.8M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$22.2
Price spread: +0.424% → +0.081%
$34.32
Slippage, 4 orders
−$11.44
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$27.08
Costs to cover
0.294%
Break-even
from the start
Slippage from edgeX: live order book, 50 min ago; Hyperliquid: live order book, 5 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, 50 min ago1.40 bp6.1 bp −$655.1 bp −$551doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.70 bp8.0 bp −$8doesn't fitdoesn'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
dYdX XLM-USD0.0000%1h0.2130+0.264%$23K$3K10xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2126+0.052%$4K150xas long as short
Aster XLMUSDT+0.0100%8h0.2129+0.216%$584K$791K75xas long as short
Binance XLMUSDT+0.0100%8h0.2132+0.354%$55.0M$144.8M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2131+0.311%$43.4M$40.9M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2131+0.292%$12.9M$40.3M50xas long as short
Gate XLM_USDT+0.0100%8h0.2129+0.198%$3.9M$5.9M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2131+0.283%$25.1M$25.1M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2130+0.269%$14.3M$10.3M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2132+0.339%$25.7M$17.8M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDT+0.0100%8h0.2132+0.321%$6.8Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2128+0.165%$101K$222K20xas long as short
Variational Omni XLM+0.0100%8h0.2129+0.175%$206K$1.1Mas long as short
edgeX XLMUSDClong+0.0100%4h0.2125long leg$11K$298K10x
GRVT XLM_USDT_Perp+0.0100%8h0.2128+0.142%$596K$620K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2128+0.161%$171K$255K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2126+0.057%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2123−0.103%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2127+0.081%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2124−0.018%$198K$267K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2128+0.142%$8.9M$9.0M50xas long as short
Extended XLM-USD+0.0104%1h0.2132+0.330%$191K$1.6M10xas long as short
Phoenix XLM+0.0187%1h0.2125+0.029%$5K$43K5xas long as short
Hyperliquid XLMshort+0.0206%1h0.2134+0.424%$11.9M$5.8M5x
BloFin XLM-USDT+0.0220%8h0.2125−0.009%$2.3M$6.2M75xas long as short
Injective XLM/USDC PERP+0.0249%1h0.2127+0.104%$476$154K12xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0311% / S −0.0166%1h0.2126+0.061%$44K100xas long as short
Coinbase International XLM-PERP-INTX+0.0408%1h0.2128+0.151%$228K$1.5M50xas long as short
Kraken Futures PF_XLMUSD+0.0555%1h0.2128+0.137%$2.5M$2.6M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0596%1h0.2128+0.165%$528K$168K25xas long as short
Lighter XLM+0.0608%1h0.2136+0.523%$425K$786K5xas long as short