Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.005%

Price spread now: dYdX against HTX−0.090%7-day average — · you buy dearer than you sell

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

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.090% cheaper against HTX than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XLM-USDT	0.2117	0.0100	pay 0.0100% / 8h	2h 54m	$195K	$250K	20x
Short	dYdX XLM-USD	0.2115	0.0139	get 0.0017% / 1h	54m 06s	$23K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against HTX. 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 HTXbpFee dYdXbpOrdersPrice spread, now −0.090%Rate

Funding earned: $8.19
Price spread: −0.090% → 0.000%: −$8.97
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$22.78
Costs to cover: 0.220%
Break-even: 26.5 days

Slippage unknown: HTX: live order book, 58 min ago; dYdX: 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 HTX live order book, 58 min ago	13.29 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2116	−0.087%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.359%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2119	+0.090%	$372K	$959K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2119	+0.055%	$562K	$624K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2118	+0.008%	$54.1M	$159.6M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2117	−0.019%	$42.9M	$46.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2117	−0.028%	$12.4M	$43.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2116	−0.047%	$4.1M	$7.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2117	−0.033%	$25.1M	$27.6M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2117	−0.033%	$13.9M	$9.5M	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	0.2117	−0.019%	$25.6M	$22.4M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2117	−0.043%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2116	−0.047%	$126K	$294K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2121	+0.176%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2124	+0.324%	$12K	$305K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2124	+0.316%	$595K	$608K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2125	+0.368%	$170K	$265K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2116	−0.066%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2112	−0.264%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2117	−0.043%	$577	$6K	5x	as long as short
HTX XLM-USDTlong	+0.0100%	8h	0.2117	long leg	$195K	$250K	20x
Phemex XLMUSDT	+0.0100%	8h	0.2117	−0.024%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2117	−0.029%	$190K	$1.8M	10x	as long as short
Hyperliquid XLM	+0.0120%	1h	0.2118	+0.038%	$12.1M	$6.4M	5x	as long as short
dYdX XLM-USDshort	+0.0139%	1h	0.2115	−0.090%	$23K	$2K	10x
Kraken Futures PF_XLMUSD	+0.0143%	1h	0.2117	−0.017%	$2.6M	$2.7M	50x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2120	+0.109%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0225%	1h	0.2126	+0.406%	$5K	$49K	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2121	+0.156%	$234K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2115	−0.107%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0790%	1h	0.2118	+0.014%	$525K	$162K	25x	as long as short