Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0693%/8h= −75.9% APRpaid last 24h −0.025%

Price spread now: KuCoin against dYdX+0.060%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread pays, funding is against you. KuCoin is 0.060% dearer against dYdX than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XLM-USD	0.2098	0.0793	pay 0.0099% / 1h	55m 21s	$26K	$5K	10x
Short	KuCoin XLMUSDTM	0.2099	0.0100	get 0.0100% / 8h	4h 55m	$14.0M	$8.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$145.48
Price spread: +0.060% → 0.000%: $6
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$161.48
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago	1.19 bp	14.2 bp −$14	39.5 bp −$395	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 exchanges

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
Backpack XLM_USDC_PERP	−0.0036%	1h	0.2099	+0.050%	$119K	$297K	20x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2098	−0.013%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+1.280%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2102	+0.189%	$360K	$725K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2099	+0.031%	$556K	$358K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2099	+0.055%	$54.3M	$141.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2098	+0.008%	$43.2M	$40.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2099	+0.017%	$12.2M	$41.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2099	+0.036%	$3.9M	$6.3M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2099	+0.055%	$24.0M	$26.8M	300x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLMUSDTMshort	+0.0100%	8h	0.2099	+0.060%	$14.0M	$8.5M	75x
Bitget XLMUSDT	+0.0100%	8h	0.2099	+0.041%	$25.7M	$21.0M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2099	+0.036%	—	$6.8M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2098	−0.009%	$250K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2099	+0.058%	$11K	$309K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2100	+0.079%	$580K	$501K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2100	+0.089%	$168K	$252K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2098	−0.007%	$3K	$247	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2099	+0.046%	$1K	$1.3M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2099	+0.036%	$572	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2099	+0.055%	$189K	$238K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2099	+0.060%	$8.5M	$8.3M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2099	+0.029%	$190K	$606K	10x	as long as short
Phoenix XLM	+0.0150%	1h	0.2101	+0.122%	$4K	$45K	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0213%	1h	0.2099	+0.044%	$2.6M	$2.5M	50x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2100	+0.098%	$2.3M	$5.1M	75x	as long as short
Hyperliquid XLM	+0.0234%	1h	0.2101	+0.122%	$12.2M	$5.6M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0368%	1h	0.2099	+0.027%	$209K	$1.3M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0509% / S −0.0245%	1h	0.2098	−0.019%	$39K	—	100x	as long as short
dYdX XLM-USDlong	+0.0793%	1h	0.2098	long leg	$26K	$5K	10x
Deribit XLM_USDC-PERPETUAL	+0.0798%	1h	0.2100	+0.112%	$520K	$103K	25x	as long as short