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−0.0512%/8h= −56.1% APRpaid last 24h −0.037%
Price spread now: Aster against Hyperliquid−0.124%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$370.372% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.124%, 7d avg −0.014%
Together, before fees+0.136%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aster is 0.111% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% 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
LongHyperliquid XLM0.21790.0612pay 0.0077% / 1h56m 21s$12.3M$6.0M5x
ShortAster XLMUSDT0.21760.0100get 0.0100% / 8h1h 56m$593K$800K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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
−$107.55
Price spread: −0.124% → −0.014%
−$11.05
Slippage, 4 orders
−$20.18
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$155.78
Costs to cover
0.372%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Aster: live order book, 26 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 Hyperliquid live order book, 6 min ago0.23 bp7.4 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 26 min ago1.86 bp11.4 bp −$1128.8 bp −$288doesn'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%1h0.2176−0.128%$24K$3K10xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2177−0.079%$4K150xas long as short
Aster XLMUSDTshort+0.0100%8h0.2176−0.124%$593K$800K75x
Binance XLMUSDT+0.0100%8h0.2178−0.029%$56.6M$147.6M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2177−0.060%$44.2M$42.3M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2177−0.078%$13.2M$41.7M50xas long as short
Gate XLM_USDT+0.0100%8h0.2176−0.101%$4.0M$5.9M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2177−0.064%$26.1M$25.4M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2176−0.119%$14.6M$10.5M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2177−0.060%$26.1M$18.5M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDC+0.0100%8h0.2177−0.060%$6.7Mas long as short
Variational Omni XLM+0.0100%8h0.2162−0.743%$240K$1.1Mas long as short
edgeX XLMUSDC+0.0100%4h0.2171−0.365%$12K$298K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2165−0.616%$602K$610K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2165−0.615%$173K$255K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2178−0.028%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2166−0.569%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2168−0.464%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2169−0.436%$200K$272K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2170−0.409%$9.2M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2178−0.013%$194K$1.6M10xas long as short
Backpack XLM_USDC_PERP+0.0145%1h0.2173−0.243%$104K$238K20xas long as short
Phoenix XLM+0.0187%1h0.2170−0.413%$5K$41K5xas long as short
BloFin XLM-USDT+0.0220%8h0.2170−0.390%$2.3M$6.3M75xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0315% / S −0.0166%1h0.2176−0.118%$45K100xas long as short
Coinbase International XLM-PERP-INTX+0.0432%1h0.2170−0.376%$231K$1.5M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0441%1h0.2171−0.349%$539K$170K25xas long as short
Injective XLM/USDC PERP+0.0475%1h0.2156−1.037%$116$185K12xas long as short
Kraken Futures PF_XLMUSD+0.0504%1h0.2169−0.423%$2.6M$2.6M50xas long as short
Hyperliquid XLMlong+0.0612%1h0.2179long leg$12.3M$6.0M5x
Lighter XLM+0.0952%1h0.2181+0.096%$429K$804K5xas long as short