Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.012%

Price spread now: HTX against dYdX−0.265%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on HTX

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—needs both histories

Funding pays, the price is against you. HTX is 0.265% cheaper against dYdX than usual: you would sell low and buy high (spread −0.265% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 12 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XLM-USD	0.2123	0.0025	pay 0.0003% / 1h	34m 35s	$23K	$2K	10x
Short	HTX XLM-USDT	0.2117	0.0100	get 0.0100% / 8h	6h 34m	$195K	$269K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now −0.265%Rate

Funding earned: $15.7
Price spread: −0.265% → 0.000%: −$26.53
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.83
Costs to cover: 0.220%
Break-even: 21.6 days

Slippage unknown: dYdX: no order-book sample; HTX: live order book, 32 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 dYdX no order-book sample	—	—	—	—	—
Sell HTX live order book, 32 min ago	29.57 bp	47.7 bp −$48	doesn't fit	doesn't fit	doesn't fit

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
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2118	−0.195%	$4K	—	150x	as long as short
dYdX XLM-USDlong	+0.0025%	1h	0.2123	long leg	$23K	$2K	10x
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.112%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2124	+0.055%	$358K	$899K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2124	+0.052%	$53.9M	$155.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2123	+0.017%	$42.7M	$46.3M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2124	+0.064%	$12.7M	$41.8M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2123	−0.001%	$4.1M	$6.6M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2123	+0.036%	$23.7M	$26.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2123	−0.001%	$14.1M	$10.0M	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	0.2123	+0.036%	$25.2M	$20.6M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2123	+0.013%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2122	−0.039%	$88K	$263K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2119	−0.163%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2115	−0.341%	$11K	$302K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2116	−0.329%	$592K	$613K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2115	−0.336%	$169K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2120	−0.124%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2117	−0.256%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2120	−0.124%	$2K	$6K	5x	as long as short
HTX XLM-USDTshort	+0.0100%	8h	0.2117	−0.265%	$195K	$269K	20x
Phemex XLMUSDT	+0.0100%	8h	0.2119	−0.157%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2123	−0.005%	$189K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0125%	8h	0.2122	−0.041%	$567K	$631K	75x	as long as short
Hyperliquid XLM	+0.0170%	1h	0.2126	+0.145%	$12.2M	$6.4M	5x	as long as short
Phoenix XLM	+0.0187%	1h	0.2115	−0.355%	$5K	$46K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2134	+0.545%	$2.3M	$5.2M	75x	as long as short
Kraken Futures PF_XLMUSD	+0.0382%	1h	0.2121	−0.085%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0440%	1h	0.2121	−0.063%	$233K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0516% / S −0.0193%	1h	0.2118	−0.209%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0930%	1h	0.2122	−0.053%	$527K	$150K	25x	as long as short