Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Orderly against GRVT+0.247%70s7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Orderly

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.247% dearer against GRVT than usual: you sell high and buy low, +$25 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	0.2152	0.0100	pay 0.0100% / 8h	7h 59m	$595K	$604K	10x
Short	Orderly PERP_XLM_USDC_mythos	0.2157	0.0100	get 0.0050% / 4h	3h 59m	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.247%Rate

Funding earned: $0
Price spread: +0.247% → 0.000%: $24.71
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $9.71
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: GRVT: live order book, 13 min ago; Orderly: 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 GRVT live order book, 13 min ago	1.39 bp	10.2 bp −$10	13.9 bp −$139	5584.5 bp −$558.4K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Injective XLM/USDC PERP	−0.5000%	1h	0.2157	+0.247%	$736	$241K	12x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2156	+0.209%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0086%	1h	0.2156	+0.193%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2159	+0.326%	$579K	$752K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2153	+0.083%	$55.5M	$151.1M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2153	+0.061%	$43.7M	$44.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2153	+0.080%	$13.0M	$41.7M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2156	+0.182%	$4.1M	$6.3M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2155	+0.131%	$24.9M	$26.0M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2155	+0.154%	$14.4M	$10.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2154	+0.117%	$25.5M	$19.3M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2154	+0.112%	—	$7.1M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2157	+0.261%	$89K	$269K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2153	+0.071%	$268K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2153	+0.060%	$12K	$302K	10x	as long as short
GRVT XLM_USDT_Perplong	+0.0100%	8h	0.2152	long leg	$595K	$604K	10x
ApeX Omni XLMUSDT	+0.0100%	1h	0.2153	+0.061%	$173K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythosshort	+0.0100%	4h	0.2157	+0.247%	$3K	$2K	10x
SunX XLM-USDT	+0.0100%	8h	0.2159	+0.326%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2157	+0.270%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2156	+0.196%	$199K	$261K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2157	+0.261%	$9.0M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2155	+0.173%	$193K	$1.6M	10x	as long as short
Lighter XLM	+0.0144%	1h	0.2157	+0.242%	$397K	$831K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2156	+0.215%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0222%	1h	0.2149	−0.129%	$5K	$42K	5x	as long as short
Hyperliquid XLM	+0.0238%	1h	0.2157	+0.252%	$12.3M	$6.2M	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0315% / S −0.0167%	1h	0.2156	+0.215%	$45K	—	100x	as long as short
Kraken Futures PF_XLMUSD	+0.0413%	1h	0.2158	+0.283%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0448%	1h	0.2158	+0.298%	$230K	$1.5M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0956%	1h	0.2159	+0.354%	$536K	$161K	25x	as long as short