Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%

Price spread now: dYdX against Orderly+0.082%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on dYdX

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—needs both histories

The price spread pays, funding is against you. dYdX is 0.082% dearer against Orderly than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XLM_USDC_mythos	0.2166	0.0100	pay 0.0050% / 4h	2h 09m	$3K	$2K	10x
Short	dYdX XLM-USD	0.2168	0	get 0.0000% / 1h	9m 22s	$24K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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 OrderlybpFee dYdXbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$21
Price spread: +0.082% → 0.000%: $8.23
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$28.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Orderly and 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
dYdX XLM-USDshort	0.0000%	1h	0.2168	+0.082%	$24K	$3K	10x
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2167	+0.050%	$4K	—	150x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2169	+0.147%	$593K	$796K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2168	+0.078%	$56.4M	$146.6M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2167	+0.037%	$44.0M	$41.9M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2166	+0.018%	$13.2M	$41.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2168	+0.092%	$3.9M	$5.9M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2169	+0.120%	$26.0M	$25.6M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2168	+0.092%	$14.6M	$10.5M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2168	+0.083%	$26.0M	$18.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDC	+0.0100%	8h	0.2167	+0.065%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2173	+0.319%	$103K	$223K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2164	−0.072%	$239K	$1.1M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2165	−0.026%	$12K	$298K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2169	+0.155%	$603K	$610K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2167	+0.032%	$174K	$255K	50x	as long as short
Orderly PERP_XLM_USDC_mythoslong	+0.0100%	4h	0.2166	long leg	$3K	$2K	10x
SunX XLM-USDT	+0.0100%	8h	0.2166	−0.005%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2167	+0.069%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2167	+0.060%	$200K	$272K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2166	+0.018%	$9.1M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2167	+0.066%	$194K	$1.6M	10x	as long as short
Phoenix XLM	+0.0187%	1h	0.2162	−0.175%	$5K	$43K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2167	+0.051%	$2.3M	$6.3M	75x	as long as short
Injective XLM/USDC PERP	+0.0249%	1h	0.2127	−1.801%	$476	$154K	12x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0314% / S −0.0166%	1h	0.2167	+0.034%	$45K	—	100x	as long as short
Hyperliquid XLM	+0.0332%	1h	0.2172	+0.268%	$12.3M	$5.9M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2170	+0.203%	$231K	$1.5M	50x	as long as short
Kraken Futures PF_XLMUSD	+0.0544%	1h	0.2168	+0.091%	$2.6M	$2.6M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0673%	1h	0.2169	+0.157%	$538K	$170K	25x	as long as short
Lighter XLM	+0.0816%	1h	0.2172	+0.263%	$427K	$804K	5x	as long as short