Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.020%

Price spread now: edgeX against Phoenix+0.201%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.201% dearer against Phoenix than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XLM	0.2113	0.0263	pay 0.0033% / 1h	33m 18s	$4K	$50K	5x
Short	edgeX XLMUSDC	0.2118	0.0100	get 0.0050% / 4h	1h 33m	$12K	$307K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phoenix. 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 PhoenixbpFee edgeXbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$34.33
Price spread: +0.201% → 0.000%: $20.08
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$30.25
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 10 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell edgeX live order book, 10 min ago	1.18 bp	5.9 bp −$6	55.1 bp −$551	doesn't fit	doesn't fit

Phoenix: 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
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2111	−0.131%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.554%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2117	+0.175%	$355K	$933K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2114	+0.047%	$560K	$634K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2115	+0.095%	$54.3M	$163.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2113	+0.005%	$42.8M	$47.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2115	+0.062%	$12.2M	$44.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2114	+0.019%	$3.9M	$7.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2115	+0.095%	$25.2M	$28.9M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2115	+0.071%	$14.0M	$9.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2114	+0.052%	$25.4M	$23.1M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2114	+0.047%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2112	−0.055%	$252K	$1.3M	—	as long as short
edgeX XLMUSDCshort	+0.0100%	4h	0.2118	+0.201%	$12K	$307K	10x
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2116	+0.145%	$593K	$593K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2117	+0.161%	$170K	$265K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2115	+0.080%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2114	+0.009%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2115	+0.085%	$576	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2112	−0.057%	$195K	$249K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2116	+0.142%	$8.7M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2114	+0.056%	$188K	$1.7M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0168%	1h	0.2113	−0.024%	$129K	$329K	20x	as long as short
Hyperliquid XLM	+0.0174%	1h	0.2116	+0.132%	$12.0M	$6.5M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2117	+0.156%	$2.3M	$5.5M	75x	as long as short
Phoenix XLMlong	+0.0263%	1h	0.2113	long leg	$4K	$50K	5x
dYdX XLM-USD	+0.0278%	1h	0.2113	−0.031%	$23K	$2K	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0333%	1h	0.2117	+0.162%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2113	−0.033%	$220K	$1.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2112	−0.055%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0885%	1h	0.2117	+0.156%	$525K	$168K	25x	as long as short