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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0149%/8h= +16.4% APRpaid last 24h −0.013%
Price spread now: Injective against Orderly−0.839%58s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Injective is 0.839% cheaper against Orderly than usual: you would sell low and buy high (spread −0.839% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$84 on $10k: about 19 days of funding at the current rate (+$4 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_XLM_USDC_mythos0.21450.0100pay 0.0050% / 4h2h 24m$3K$2K10x
ShortInjective XLM/USDC PERP0.21270.0249get 0.0031% / 1h24m 17s$476$154K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$31.36
Price spread: −0.839% → 0.000%
−$83.92
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$58.58
Costs to cover
0.060%
Break-even
20.1 days
Slippage unknown: Orderly: no order-book sample; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Injective no order-book sample
Orderly and Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XLM-USD0.0000%1h0.2145−0.002%$23K$3K10xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2144−0.058%$4K150xas long as short
Aster XLMUSDT+0.0100%8h0.2144−0.035%$585K$793K75xas long as short
Binance XLMUSDT+0.0100%8h0.2145−0.003%$55.3M$145.0M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2144−0.033%$43.6M$41.1M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2144−0.061%$13.0M$40.6M50xas long as short
Gate XLM_USDT+0.0100%8h0.2144−0.037%$3.9M$5.9M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2145−0.009%$25.1M$25.2M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2144−0.042%$14.4M$10.4M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2144−0.037%$25.7M$17.9M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDC+0.0100%8h0.2144−0.033%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2146+0.047%$102K$221K20xas long as short
Variational Omni XLM+0.0100%8h0.2142−0.120%$207K$1.1Mas long as short
edgeX XLMUSDC+0.0100%4h0.2140−0.211%$12K$297K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2141−0.183%$600K$611K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2140−0.247%$171K$255K50xas long as short
Orderly PERP_XLM_USDC_mythoslong+0.0100%4h0.2145long leg$3K$2K10x
SunX XLM-USDT+0.0100%8h0.2142−0.145%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2145−0.023%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2143−0.112%$200K$267K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2144−0.065%$9.0M$9.0M50xas long as short
Extended XLM-USD+0.0104%1h0.2144−0.027%$193K$1.6M10xas long as short
Phoenix XLM+0.0187%1h0.2143−0.075%$5K$43K5xas long as short
BloFin XLM-USDT+0.0220%8h0.2145+0.023%$2.3M$6.3M75xas long as short
Injective XLM/USDC PERPshort+0.0249%1h0.2127−0.839%$476$154K12x
Hyperliquid XLM+0.0253%1h0.2146+0.056%$12.0M$5.8M5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0312% / S −0.0166%1h0.2144−0.065%$45K100xas long as short
Coinbase International XLM-PERP-INTX+0.0408%1h0.2145+0.005%$228K$1.5M50xas long as short
Kraken Futures PF_XLMUSD+0.0550%1h0.2145+0.015%$2.6M$2.6M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0636%1h0.2146+0.061%$533K$170K25xas long as short
Lighter XLM+0.0824%1h0.2150+0.224%$429K$788K5xas long as short