Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Binance against GRVT−0.548%59s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.360% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.476%+$48 · spread now −0.548%, 7d avg +0.016%

Together, before fees+0.495%+ Points / potential airdropGRVT: Active · farm board+$49 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: Binance is 0.564% cheaper against GRVT than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XLM_USDT_Perp	0.2177	0.0100	pay 0.0100% / 8h	1h 34m	$603K	$617K	10x
Short	Binance XLMUSDT	0.2165	0.0100	get 0.0100% / 8h	1h 34m	$56.4M	$150.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now −0.548%Rate

Funding earned: $0
Price spread: −0.548% → +0.016%: −$56.39
Slippage, 4 orders: −$17.01
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.41
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from GRVT: live order book, 48 min ago; Binance: live order book, 9 min ago.

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 GRVT live order book, 48 min ago	1.63 bp	11.3 bp −$11	14.1 bp −$141	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.23 bp	6.1 bp −$6	14.0 bp −$140	30.8 bp −$3,081	doesn't fit

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	0.2174	−0.167%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0012%	1h	0.2169	−0.389%	$24K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2170	−0.346%	$590K	$801K	75x	as long as short
Binance XLMUSDTshort	+0.0100%	8h	0.2165	−0.548%	$56.4M	$150.1M	75x
Bybit XLMUSDT	+0.0100%	8h	0.2164	−0.619%	$43.9M	$43.4M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2163	−0.651%	$13.1M	$42.0M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2169	−0.380%	$4.0M	$6.0M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2164	−0.610%	$26.0M	$26.2M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2169	−0.385%	$14.6M	$10.6M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2164	−0.610%	$25.9M	$19.0M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDT	+0.0100%	8h	0.2169	−0.376%	—	$7.0M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2176	−0.047%	$299K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2180	+0.140%	$12K	$300K	10x	as long as short
GRVT XLM_USDT_Perplong	+0.0100%	8h	0.2177	long leg	$603K	$617K	10x
ApeX Omni XLMUSDT	+0.0100%	1h	0.2185	+0.355%	$175K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2174	−0.151%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2172	−0.252%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2172	−0.219%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2174	−0.155%	$201K	$272K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2173	−0.215%	$9.1M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2168	−0.443%	$194K	$1.6M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2175	−0.123%	$2.4M	$6.0M	75x	as long as short
Phoenix XLM	+0.0221%	1h	0.2182	+0.212%	$5K	$41K	5x	as long as short
Backpack XLM_USDC_PERP	+0.0289%	1h	0.2172	−0.219%	$104K	$259K	20x	as long as short
Hyperliquid XLM	+0.0303%	1h	0.2165	−0.541%	$12.3M	$6.1M	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0317% / S −0.0167%	1h	0.2173	−0.198%	$45K	—	100x	as long as short
Coinbase International XLM-PERP-INTX	+0.0432%	1h	0.2182	+0.194%	$233K	$1.6M	50x	as long as short
Injective XLM/USDC PERP	+0.0475%	1h	0.2045	−6.075%	$6K	$238K	12x	as long as short
Kraken Futures PF_XLMUSD	+0.0503%	1h	0.2173	−0.181%	$2.7M	$2.7M	50x	as long as short
Lighter XLM	+0.0512%	1h	0.2173	−0.173%	$421K	$812K	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0670%	1h	0.2176	−0.068%	$540K	$176K	25x	as long as short