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+0.0388%/8h= +42.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.049%
Price spread now: Hyperliquid against dYdX+0.308%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.308% dearer against dYdX than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XLM-USD0.21650.0007pay 0.0001% / 1h0m 18s$23K$3K10x
ShortHyperliquid XLM0.21710.0395get 0.0049% / 1h0m 18s$12.3M$5.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$81.43
Price spread: +0.308% → 0.000%
$30.76
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$93.19
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 2 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 dYdX no order-book sample
Sell Hyperliquid live order book, 2 min ago0.23 bp7.9 bp −$8doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2170+0.232%$4K150xas long as short
dYdX XLM-USDlong+0.0007%1h0.2165long leg$23K$3K10x
Aster XLMUSDT+0.0100%8h0.2168+0.167%$592K$800K75xas long as short
Binance XLMUSDT+0.0100%8h0.2172+0.319%$56.4M$147.1M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2170+0.266%$44.0M$42.1M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2170+0.243%$13.1M$41.5M50xas long as short
Gate XLM_USDT+0.0100%8h0.2167+0.123%$3.9M$6.0M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2170+0.261%$25.7M$25.7M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2168+0.164%$14.6M$10.5M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2171+0.303%$26.0M$18.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDT+0.0100%8h0.2171+0.275%$7.0Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2166+0.072%$104K$237K20xas long as short
Variational Omni XLM+0.0100%8h0.2162−0.108%$240K$1.1Mas long as short
edgeX XLMUSDC+0.0100%4h0.2160−0.203%$12K$300K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2155−0.433%$599K$610K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2156−0.395%$173K$255K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2171+0.289%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2170+0.220%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2171+0.271%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2170+0.238%$200K$272K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2170+0.257%$9.1M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2171+0.302%$194K$1.6M10xas long as short
Phoenix XLM+0.0187%1h0.2163−0.057%$5K$43K5xas long as short
BloFin XLM-USDT+0.0220%8h0.2167+0.090%$2.4M$6.3M75xas long as short
Injective XLM/USDC PERP+0.0249%1h0.2156−0.404%$116$185K12xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0314% / S −0.0166%1h0.2170+0.226%$45K100xas long as short
Hyperliquid XLMshort+0.0395%1h0.2171+0.308%$12.3M$5.9M5x
Coinbase International XLM-PERP-INTX+0.0408%1h0.2170+0.261%$231K$1.5M50xas long as short
Kraken Futures PF_XLMUSD+0.0544%1h0.2171+0.308%$2.6M$2.6M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0809%1h0.2173+0.395%$539K$170K25xas long as short
Lighter XLM+0.0840%1h0.2170+0.229%$426K$805K5xas long as short