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

XLM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0279%/8h= −30.6% APRpaid last 24h −0.037%
Price spread now: Orderly against Hyperliquid−0.319%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$8 a day on $10k at the current rate, and Orderly is 0.319% cheaper against Hyperliquid than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XLM0.21640.0379pay 0.0047% / 1h3m 49s$12.2M$5.9M5x
ShortOrderly PERP_XLM_USDC_mythos0.21570.0100get 0.0050% / 4h2h 03m$3K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Hyperliquid. 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
−$58.68
Price spread: −0.319% → 0.000%
−$31.89
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$105.56
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 9 min ago0.93 bp5.4 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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%1h0.2156−0.376%$4K150xas long as short
dYdX XLM-USD+0.0007%1h0.2160−0.188%$23K$3K10xas long as short
Aster XLMUSDT+0.0100%8h0.2160−0.173%$590K$798K75xas long as short
Binance XLMUSDT+0.0100%8h0.2162−0.083%$56.2M$146.9M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2161−0.139%$43.8M$42.1M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2160−0.166%$13.1M$41.3M50xas long as short
Gate XLM_USDT+0.0100%8h0.2160−0.199%$3.9M$5.9M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2162−0.102%$25.7M$25.7M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2160−0.157%$14.6M$10.5M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2161−0.143%$25.9M$18.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDT+0.0100%8h0.2160−0.162%$7.0Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2158−0.268%$94K$230K20xas long as short
Variational Omni XLM+0.0100%8h0.2156−0.346%$239K$1.1Mas long as short
edgeX XLMUSDC+0.0100%4h0.2169+0.247%$12K$299K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2164−0.018%$601K$610K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2159−0.222%$173K$255K50xas long as short
Orderly PERP_XLM_USDC_mythosshort+0.0100%4h0.2157−0.319%$3K$2K10x
SunX XLM-USDT+0.0100%8h0.2153−0.494%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2157−0.296%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2157−0.333%$199K$272K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2158−0.259%$9.1M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2160−0.199%$193K$1.6M10xas long as short
Phoenix XLM+0.0187%1h0.2168+0.213%$5K$43K5xas long as short
BloFin XLM-USDT+0.0220%8h0.2156−0.351%$2.3M$6.2M75xas long as short
Injective XLM/USDC PERP+0.0249%1h0.2156−0.365%$116$185K12xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0314% / S −0.0166%1h0.2156−0.384%$45K100xas long as short
Hyperliquid XLMlong+0.0379%1h0.2164long leg$12.2M$5.9M5x
Coinbase International XLM-PERP-INTX+0.0408%1h0.2170+0.300%$231K$1.5M50xas long as short
Kraken Futures PF_XLMUSD+0.0547%1h0.2158−0.280%$2.6M$2.6M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0631%1h0.2158−0.254%$536K$170K25xas long as short
Lighter XLM+0.0824%1h0.2166+0.079%$425K$804K5xas long as short