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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0315%/8h= +34.5% APRpaid last 24h +0.040%
Price spread now: Hyperliquid against HTX+0.120%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$890.891% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.062%−$6 on $10k
Price spread, last 3 days (all we have)+0.189%+$19 · spread now +0.120%, 7d avg +0.068%
Together, before fees+0.127%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.052% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XLM-USDT0.21680.0100pay 0.0100% / 8h1h 51m$200K$272K20x
ShortHyperliquid XLM0.21700.0415get 0.0052% / 1h51m 08s$12.3M$6.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$66.2
Price spread: +0.120% → +0.068%
$5.22
Slippage, 4 orders
−$68.09
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$17.67
Costs to cover
0.891%
Break-even
8.9 days
Slippage from HTX: live order book, 31 min ago; Hyperliquid: live order book, 11 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 HTX live order book, 31 min ago21.43 bp44.3 bp −$44doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago0.23 bp7.9 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
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2167−0.056%$4K150xas long as short
dYdX XLM-USD+0.0028%1h0.2165−0.112%$24K$3K10xas long as short
Aster XLMUSDT+0.0100%8h0.2169+0.035%$589K$799K75xas long as short
Binance XLMUSDT+0.0100%8h0.2170+0.115%$56.5M$148.0M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2170+0.083%$44.1M$42.4M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2168+0.028%$13.2M$41.6M50xas long as short
Gate XLM_USDT+0.0100%8h0.2167−0.060%$4.0M$5.9M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2168+0.014%$25.9M$25.5M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2167−0.032%$14.6M$10.5M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2169+0.060%$26.0M$18.6M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDC+0.0100%8h0.2169+0.069%$6.7Mas long as short
Variational Omni XLM+0.0100%8h0.2175+0.347%$242K$1.1Mas long as short
edgeX XLMUSDC+0.0100%4h0.2173+0.244%$12K$299K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2178+0.468%$605K$610K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2171+0.143%$174K$256K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2168+0.009%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2163−0.240%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2167−0.014%$2K$6K5xas long as short
HTX XLM-USDTlong+0.0100%8h0.2168long leg$200K$272K20x
Phemex XLMUSDT+0.0100%8h0.2168−0.005%$9.2M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2167−0.019%$194K$1.6M10xas long as short
BloFin XLM-USDT+0.0220%8h0.2168+0.005%$2.3M$6.3M75xas long as short
Phoenix XLM+0.0221%1h0.2176+0.387%$5K$41K5xas long as short
Backpack XLM_USDC_PERP+0.0244%1h0.2168+0.023%$94K$246K20xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0342% / S −0.0194%1h0.2166−0.076%$49K100xas long as short
Hyperliquid XLMshort+0.0415%1h0.2170+0.120%$12.3M$6.0M5x
Coinbase International XLM-PERP-INTX+0.0432%1h0.2173+0.226%$231K$1.5M50xas long as short
Injective XLM/USDC PERP+0.0475%1h0.2156−0.544%$116$185K12xas long as short
Kraken Futures PF_XLMUSD+0.0504%1h0.2168+0.011%$2.6M$2.6M50xas long as short
Lighter XLM+0.0688%1h0.2172+0.212%$427K$804K5xas long as short
Deribit XLM_USDC-PERPETUAL+0.0811%1h0.2169+0.074%$538K$174K25xas long as short