Settings8H · net · $10k
Funding arb · Price arb /

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.095%
Price spread now: Coinbase International against HTX+0.229%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$870.872% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.163%+$16 on $10k
Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.229%, 7d avg +0.069%
Together, before fees−0.055%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.160% dearer against HTX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.069%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XLM-USDT0.21430.0100pay 0.0100% / 8h3h 46m$197K$254K20x
ShortCoinbase International XLM-PERP-INTX0.21480.0464get 0.0058% / 1h46m 17s$249K$1.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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
$76.44
Price spread: +0.229% → +0.069%
$15.99
Slippage, 4 orders
−$65.2
Fee HTX: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$5.23
Costs to cover
0.872%
Break-even
6.5 days
Slippage from HTX: live order book, 5 min ago; Coinbase International: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 5 min ago13.29 bp30.1 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago5.36 bp14.0 bp −$1420.0 bp −$200doesn'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
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2142−0.049%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125−0.854%$683$241K12xas long as short
Lighter XLM+0.0096%1h0.2146+0.140%$377K$969K5xas long as short
Aster XLMUSDT+0.0100%8h0.2143+0.007%$570K$622K75xas long as short
Binance XLMUSDT+0.0100%8h0.2144+0.009%$55.0M$157.0M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2143−0.014%$43.4M$46.0M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2143−0.014%$12.6M$43.2M50xas long as short
Gate XLM_USDT+0.0100%8h0.2143−0.023%$4.0M$6.9M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2144+0.014%$23.9M$26.9M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2143−0.009%$14.1M$9.5M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2143−0.005%$25.9M$21.9M75xas long as short
BingX XLM-USDC+0.0100%8h0.2144+0.014%$6.7Mas long as short
Variational Omni XLM+0.0100%8h0.2146+0.132%$257K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2145+0.097%$12K$306K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2144+0.052%$601K$618K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2143−0.014%$172K$258K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2144+0.033%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2139−0.182%$2K$1.6M20xas long as short
SoDEX XLM-USD+0.0100%1h0.21430.000%$584$6K5xas long as short
HTX XLM-USDTlong+0.0100%8h0.2143long leg$197K$254K20x
Phemex XLMUSDT+0.0100%8h0.2144+0.014%$9.1M$8.9M50xas long as short
Extended XLM-USD+0.0104%1h0.2143−0.019%$191K$1.8M10xas long as short
dYdX XLM-USD+0.0155%1h0.2142−0.064%$23K$2K10xas long as short
Kraken Futures PF_XLMUSD+0.0185%1h0.2144+0.017%$2.6M$2.7M50xas long as short
Hyperliquid XLM+0.0216%1h0.2145+0.079%$12.3M$6.3M5xas long as short
BloFin XLM-USDT+0.0220%8h0.2144+0.014%$2.3M$5.3M75xas long as short
Phoenix XLM+0.0225%1h0.2145+0.098%$5K$46K5xas long as short
Coinbase International XLM-PERP-INTXshort+0.0464%1h0.2148+0.229%$249K$1.6M50x
GMX XLM/USD [WBTC.b-USDC]L +0.0520% / S −0.0247%1h0.2142−0.042%$40K100xas long as short
Backpack XLM_USDC_PERP+0.0693%1h0.2143−0.014%$128K$293K20xas long as short
Deribit XLM_USDC-PERPETUAL+0.0963%1h0.2145+0.093%$532K$154K25xas long as short