Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against SoDEX+0.114%74s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.114% dearer against SoDEX than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XLM-USD	0.2162	0.0100	pay 0.0013% / 1h	18m 03s	$2K	$6K	5x
Short	GRVT XLM_USDT_Perp	0.2165	0.0100	get 0.0100% / 8h	1h 18m	$600K	$617K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SoDEX. 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 SoDEXbpFee GRVTbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → 0.000%: $11.37
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$5.63
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 65 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 SoDEX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 65 min ago	1.63 bp	9.4 bp −$9	29.2 bp −$292	doesn't fit	doesn't fit

SoDEX: 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	0.2162	−0.041%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0020%	1h	0.2163	+0.006%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2164	+0.059%	$586K	$805K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2163	+0.041%	$56.2M	$150.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2163	+0.023%	$44.0M	$43.8M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2163	+0.018%	$13.1M	$42.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2162	−0.032%	$4.1M	$6.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2163	+0.009%	$26.3M	$26.4M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2162	−0.023%	$14.5M	$10.5M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2162	−0.009%	$25.8M	$19.0M	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	0.2162	0.000%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2164	+0.080%	$297K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2167	+0.193%	$12K	$300K	10x	as long as short
GRVT XLM_USDT_Perpshort	+0.0100%	8h	0.2165	+0.114%	$600K	$617K	10x
ApeX Omni XLMUSDT	+0.0100%	1h	0.2165	+0.125%	$173K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2163	+0.023%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2160	−0.125%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USDlong	+0.0100%	1h	0.2162	long leg	$2K	$6K	5x
HTX XLM-USDT	+0.0100%	8h	0.2159	−0.153%	$199K	$263K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2163	+0.014%	$9.1M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2162	−0.011%	$194K	$1.6M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0168%	1h	0.2163	+0.014%	$102K	$261K	20x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2164	+0.079%	$2.3M	$5.7M	75x	as long as short
Phoenix XLM	+0.0221%	1h	0.2165	+0.116%	$5K	$41K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0316% / S −0.0167%	1h	0.2161	−0.057%	$45K	—	100x	as long as short
Lighter XLM	+0.0368%	1h	0.2166	+0.180%	$419K	$813K	5x	as long as short
Hyperliquid XLM	+0.0377%	1h	0.2165	+0.106%	$12.3M	$6.1M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0432%	1h	0.2168	+0.240%	$234K	$1.5M	50x	as long as short
Injective XLM/USDC PERP	+0.0475%	1h	0.2034	−5.942%	$5K	$238K	12x	as long as short
Kraken Futures PF_XLMUSD	+0.0505%	1h	0.2163	+0.042%	$2.6M	$2.7M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0721%	1h	0.2164	+0.074%	$537K	$175K	25x	as long as short