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+0.0636%/8h= +69.6% APRpaid last 24h +0.132%
Price spread now: Deribit against Variational Omni+0.008%7-day average +0.105% · you sell dearer than you buy
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 3 days (all we have)+0.274%+$27 on $10k
Price spread, last 3 days (all we have)+0.237%+$24 · spread now +0.008%, 7d avg +0.105%
Together, before fees+0.511%+ Points / potential airdropVariational Omni: Active · farm board+$51 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.097% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.105%). If the spread goes back, that is −$10 on $10k: about 12 hours of funding at the current rate (+$19 a day). At the pace of the last 3 days (+0.274% in total) that is about 27 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XLM0.21310.0100pay 0.0100% / 8h2h 31m$206K$1.1M
ShortDeribit XLM_USDC-PERPETUAL0.21320.0736get 0.0092% / 1h31m 54s$529K$168K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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
$133.56
Price spread: +0.008% → +0.105%
−$9.72
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$116.84
Costs to cover
0.070%
Break-even
0.9 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Deribit: live order book, 57 min ago. 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 Variational Omni RFQ quote, 2 min ago7.03 bpdoesn't fit16.4 bp −$164doesn't fitdoesn't fit
Sell Deribit live order book, 57 min ago2.10 bp5.6 bp −$614.5 bp −$145doesn'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
dYdX XLM-USD0.0000%1h0.2126−0.256%$23K$3K10xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2128−0.159%$4K150xas long as short
Aster XLMUSDT+0.0100%8h0.2130−0.060%$585K$790K75xas long as short
Binance XLMUSDT+0.0100%8h0.2131−0.008%$55.0M$145.0M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2130−0.048%$43.3M$40.9M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2130−0.067%$12.9M$40.3M50xas long as short
Gate XLM_USDT+0.0100%8h0.2130−0.076%$3.9M$5.9M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2131−0.034%$25.0M$25.1M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2130−0.057%$14.3M$10.3M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2131−0.025%$25.5M$17.9M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDT+0.0100%8h0.2130−0.043%$6.8Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2131−0.029%$102K$222K20xas long as short
Variational Omni XLMlong+0.0100%8h0.2131long leg$206K$1.1M
edgeX XLMUSDC+0.0100%4h0.2132+0.005%$12K$299K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2131+0.003%$597K$620K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2132+0.013%$171K$255K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2129−0.114%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2126−0.264%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2130−0.076%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2128−0.156%$199K$267K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2131−0.029%$8.9M$9.0M50xas long as short
Extended XLM-USD+0.0104%1h0.2130−0.061%$191K$1.6M10xas long as short
Phoenix XLM+0.0187%1h0.2131−0.039%$5K$43K5xas long as short
BloFin XLM-USDT+0.0220%8h0.2127−0.208%$2.3M$6.2M75xas long as short
Hyperliquid XLM+0.0225%1h0.2133+0.060%$11.9M$5.8M5xas long as short
Injective XLM/USDC PERP+0.0249%1h0.2127−0.208%$476$154K12xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0312% / S −0.0166%1h0.2128−0.168%$44K100xas long as short
Coinbase International XLM-PERP-INTX+0.0408%1h0.2127−0.184%$228K$1.5M50xas long as short
Kraken Futures PF_XLMUSD+0.0554%1h0.2130−0.048%$2.6M$2.6M50xas long as short
Lighter XLM+0.0680%1h0.2135+0.172%$426K$788K5xas long as short
Deribit XLM_USDC-PERPETUALshort+0.0736%1h0.2132+0.008%$529K$168K25x