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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.110%
Price spread now: Lighter against MEXC+0.019%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$510.509% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.142%+$14 on $10k
Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.019%, 7d avg +0.101%
Together, before fees+0.204%+ Points / potential airdropLighter: Season 3 · farm board+$20 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: Lighter is 0.082% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.101%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC XLM_USDT0.21220.0100pay 0.0100% / 8h6h 43m$24.0M$26.5M300x
ShortLighter XLM0.21230.0096get 0.0012% / 1h43m 07s$368K$882K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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
−$0.84
Price spread: +0.019% → +0.101%
−$8.2
Slippage, 4 orders
−$50.91
Fee MEXC: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
−$59.94
Costs to cover
0.509%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Lighter: live order book, 22 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 MEXC live order book, 1 min ago0.23 bp2.2 bp −$26.2 bp −$6239.8 bp −$3,97596.5 bp −$48.3K
Sell Lighter live order book, 22 min ago4.85 bp15.6 bp −$1656.3 bp −$563doesn'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%1h0.2124+0.094%$23K$2K10xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2123+0.044%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125+0.132%$683$241K12xas long as short
Lighter XLMshort+0.0096%1h0.2123+0.019%$368K$882K5x
Binance XLMUSDT+0.0100%8h0.2120−0.118%$53.8M$154.2M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2118−0.212%$42.7M$45.9M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2117−0.240%$12.7M$41.4M50xas long as short
Gate XLM_USDT+0.0100%8h0.2122−0.014%$4.0M$6.5M75xas long as short
MEXC XLM_USDTlong+0.0100%8h0.2122long leg$24.0M$26.5M300x
KuCoin XLMUSDTM+0.0100%8h0.2121−0.038%$14.1M$10.0M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2120−0.113%$25.2M$20.5M75xas long as short
BingX XLM-USDC+0.0100%8h0.2122−0.033%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2121−0.066%$88K$263K20xas long as short
Variational Omni XLM+0.0100%8h0.2127+0.234%$254K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2130+0.370%$12K$303K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2126+0.171%$595K$612K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2128+0.287%$171K$258K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2122−0.009%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2108−0.674%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2122−0.014%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2126+0.165%$196K$269K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2122−0.033%$8.9M$9.0M50xas long as short
Extended XLM-USD+0.0104%1h0.2122−0.011%$189K$1.8M10xas long as short
Aster XLMUSDT+0.0130%8h0.2123+0.028%$567K$631K75xas long as short
Hyperliquid XLM+0.0155%1h0.2122−0.028%$12.2M$6.4M5xas long as short
Phoenix XLM+0.0187%1h0.2126+0.179%$5K$46K5xas long as short
BloFin XLM-USDT+0.0220%8h0.2134+0.565%$2.3M$5.2M75xas long as short
Kraken Futures PF_XLMUSD+0.0381%1h0.2122−0.006%$2.6M$2.6M50xas long as short
Coinbase International XLM-PERP-INTX+0.0440%1h0.2129+0.320%$232K$1.5M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0525% / S −0.0198%1h0.2124+0.077%$45K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.0598%1h0.2123+0.057%$527K$150K25xas long as short