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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Phemex+0.095%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$400.399% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.143%+$14 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.095%, 7d avg −0.046%
Together, before fees+0.111%+ Points / potential airdropExtended: Active · farm board+$11 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: Extended is 0.141% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XLMUSDT0.21450.0100pay 0.0100% / 8h3h 50m$9.0M$8.9M50x
ShortExtended XLM-USD0.21470.0104get 0.0013% / 1h50m 59s$191K$1.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Phemex. 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: +0.095% → −0.046%
$14.06
Slippage, 4 orders
−$22.91
Fee Phemex: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$25.01
Costs to cover
0.399%
Break-even
215.4 days
Slippage from Phemex: live order book, 3 min ago; Extended: live order book, 2 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 Phemex live order book, 3 min ago6.30 bp14.1 bp −$1428.0 bp −$280doesn't fitdoesn't fit
Sell Extended live order book, 2 min ago3.03 bp5.5 bp −$614.3 bp −$143doesn'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%1h0.2146+0.078%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125−0.909%$683$241K12xas long as short
Lighter XLM+0.0096%1h0.2148+0.145%$373K$962K5xas long as short
Aster XLMUSDT+0.0100%8h0.2147+0.105%$571K$622K75xas long as short
Binance XLMUSDT+0.0100%8h0.2147+0.096%$55.0M$156.5M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2145+0.033%$43.4M$45.8M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2146+0.075%$12.6M$43.0M50xas long as short
Gate XLM_USDT+0.0100%8h0.2145+0.009%$4.0M$6.8M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2146+0.061%$23.8M$26.8M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2145+0.028%$14.2M$9.5M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2146+0.075%$26.0M$21.8M75xas long as short
BingX XLM-USDT+0.0100%8h0.2145+0.047%$7.3Mas long as short
Variational Omni XLM+0.0100%8h0.2146+0.076%$257K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2146+0.080%$12K$305K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2147+0.126%$594K$605K10xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2148+0.163%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2145+0.019%$2K$1.6M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2146+0.065%$585$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2147+0.117%$198K$253K20xas long as short
Phemex XLMUSDTlong+0.0100%8h0.2145long leg$9.0M$8.9M50x
Extended XLM-USDshort+0.0104%1h0.2147+0.095%$191K$1.8M10x
dYdX XLM-USD+0.0169%1h0.2147+0.099%$23K$2K10xas long as short
Kraken Futures PF_XLMUSD+0.0184%1h0.2146+0.079%$2.6M$2.7M50xas long as short
ApeX Omni XLMUSDT+0.0194%1h0.2148+0.145%$172K$258K50xas long as short
Hyperliquid XLM+0.0211%1h0.2147+0.140%$12.4M$6.3M5xas long as short
BloFin XLM-USDT+0.0220%8h0.2145+0.019%$2.3M$5.1M75xas long as short
Phoenix XLM+0.0225%1h0.2141−0.159%$5K$46K5xas long as short
Coinbase International XLM-PERP-INTX+0.0464%1h0.2146+0.075%$241K$1.5M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0521% / S −0.0247%1h0.2146+0.059%$40K100xas long as short
Backpack XLM_USDC_PERP+0.0704%1h0.2147+0.103%$127K$290K20xas long as short
Deribit XLM_USDC-PERPETUAL+0.0915%1h0.2149+0.205%$533K$153K25xas long as short