Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%

Price spread now: dYdX against Variational Omni+0.067%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.067% dearer against Variational Omni than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XLM	0.2142	0.0100	pay 0.0100% / 8h	2h 23m	$207K	$1.1M	—
Short	dYdX XLM-USD	0.2144	0	get 0.0000% / 1h	23m 25s	$23K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee Variational OmnibpFee dYdXbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$21
Price spread: +0.067% → 0.000%: $6.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$24.25
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 1 min ago	6.99 bp	doesn't fit	16.3 bp −$163	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
dYdX XLM-USDshort	0.0000%	1h	0.2144	+0.067%	$23K	$3K	10x
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2145	+0.108%	$4K	—	150x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2144	+0.069%	$585K	$793K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2146	+0.168%	$55.4M	$145.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2145	+0.144%	$43.6M	$41.1M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2145	+0.139%	$13.0M	$40.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2144	+0.050%	$3.9M	$5.9M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2146	+0.158%	$25.2M	$25.2M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2145	+0.116%	$14.4M	$10.4M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2146	+0.158%	$25.7M	$17.9M	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	0.2145	+0.125%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2145	+0.116%	$102K	$221K	20x	as long as short
Variational Omni XLMlong	+0.0100%	8h	0.2142	long leg	$207K	$1.1M	—
edgeX XLMUSDC	+0.0100%	4h	0.2140	−0.091%	$12K	$297K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2141	−0.063%	$600K	$611K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2140	−0.127%	$171K	$255K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2145	+0.120%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2142	−0.025%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2145	+0.097%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2144	+0.050%	$200K	$267K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2144	+0.050%	$9.0M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2144	+0.052%	$193K	$1.6M	10x	as long as short
Phoenix XLM	+0.0187%	1h	0.2143	+0.046%	$5K	$43K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2145	+0.144%	$2.3M	$6.3M	75x	as long as short
Injective XLM/USDC PERP	+0.0249%	1h	0.2127	−0.720%	$476	$154K	12x	as long as short
Hyperliquid XLM	+0.0254%	1h	0.2147	+0.223%	$12.0M	$5.8M	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0313% / S −0.0166%	1h	0.2144	+0.089%	$45K	—	100x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2145	+0.125%	$228K	$1.5M	50x	as long as short
Kraken Futures PF_XLMUSD	+0.0550%	1h	0.2145	+0.135%	$2.6M	$2.6M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0636%	1h	0.2146	+0.181%	$533K	$170K	25x	as long as short
Lighter XLM	+0.0824%	1h	0.2149	+0.293%	$429K	$788K	5x	as long as short