Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.181%

Price spread now: Aster against Injective−1.012%77s7-day average +0.211% · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.289%+$29 on $10k

Price spread, last 4 days (all we have)+1.181%+$118 · spread now −1.012%, 7d avg +0.211%

Together, before fees+1.470%+ Points / potential airdropAster: Stage 5 · farm board+$147 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 1.223% cheaper against Injective than usual: you would sell low and buy high (spread −1.012% now, against its 7-day average of +0.211%). If the spread goes back, that is −$122 on $10k: about 2 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.289% in total) that is about 30 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XLM/USDC PERP	0.2125	0.0033	pay 0.0004% / 1h	30m 10s	$683	$241K	12x
Short	Aster XLMUSDT	0.2103	0.0100	get 0.0100% / 8h	2h 30m	$557K	$629K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −1.012%Rate

Funding earned: $14
Price spread: −1.012% → +0.211%: −$122.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$116.35
Costs to cover: 0.080%
Break-even: 65.2 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 17 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 17 min ago	1.42 bp	6.4 bp −$6	19.5 bp −$195	doesn't fit	doesn't fit

Injective: 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	0.2100	−1.153%	$4K	—	150x	as long as short
Injective XLM/USDC PERPlong	+0.0033%	1h	0.2125	long leg	$683	$241K	12x
Lighter XLM	+0.0096%	1h	0.2105	−0.932%	$351K	$988K	5x	as long as short
Aster XLMUSDTshort	+0.0100%	8h	0.2103	−1.012%	$557K	$629K	75x
Binance XLMUSDT	+0.0100%	8h	0.2104	−1.012%	$53.7M	$161.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2102	−1.082%	$42.4M	$47.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2103	−1.035%	$12.2M	$43.7M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2102	−1.073%	$4.1M	$7.3M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2103	−1.016%	$24.3M	$28.2M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2102	−1.068%	$13.8M	$9.4M	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	0.2103	−1.049%	$25.3M	$22.8M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2102	−1.064%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2103	−1.031%	$130K	$314K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2097	−1.309%	$250K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2100	−1.199%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2103	−1.049%	$589K	$608K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2099	−1.247%	$168K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2101	−1.129%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2099	−1.242%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2102	−1.059%	$573	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2100	−1.176%	$194K	$251K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2102	−1.082%	$8.8M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2102	−1.104%	$188K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0144%	1h	0.2102	−1.067%	$2.5M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0175%	1h	0.2104	−0.974%	$12.0M	$6.5M	5x	as long as short
dYdX XLM-USD	+0.0213%	1h	0.2099	−1.236%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2099	−1.219%	$2.3M	$5.4M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2109	−0.772%	$4K	$49K	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2102	−1.064%	$224K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0515% / S −0.0228%	1h	0.2101	−1.152%	$40K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.1083%	1h	0.2104	−1.002%	$522K	$163K	25x	as long as short