Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.181%

Price spread now: BingX against Injective−0.334%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.247%+$25 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.334% cheaper against Injective than usual: you would sell low and buy high (spread −0.334% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 17 days of funding at the current rate (+$2 a day).

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	54m 34s	$683	$241K	12x
Short	BingX XLM-USDT	0.2118	0.0100	get 0.0100% / 8h	1h 54m	—	$7.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.334%Rate

Funding earned: $14
Price spread: −0.334% → 0.000%: −$33.41
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.43
Costs to cover: 0.100%
Break-even: 21.7 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago	0.23 bp	7.4 bp −$7	13.6 bp −$136	24.5 bp −$2,449	79.6 bp −$39.8K

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	0.2119	−0.285%	$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	0.2121	−0.193%	$355K	$930K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2120	−0.223%	$562K	$633K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2118	−0.329%	$54.4M	$162.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2117	−0.391%	$42.9M	$47.7M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2117	−0.353%	$12.2M	$44.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2117	−0.367%	$3.9M	$7.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2119	−0.301%	$25.2M	$28.4M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2118	−0.329%	$13.9M	$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	0.2117	−0.358%	$25.5M	$22.9M	75x	as long as short
BingX XLM-USDTshort	+0.0100%	8h	0.2118	−0.334%	—	$7.4M	—
Variational Omni XLM	+0.0100%	8h	0.2120	−0.229%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2124	−0.048%	$12K	$306K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2121	−0.197%	$588K	$602K	10x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2120	−0.235%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2118	−0.334%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2120	−0.245%	$577	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2121	−0.198%	$195K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2121	−0.184%	$8.8M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2117	−0.356%	$189K	$1.8M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0162%	1h	0.2121	−0.198%	$130K	$329K	20x	as long as short
dYdX XLM-USD	+0.0203%	1h	0.2118	−0.338%	$23K	$2K	10x	as long as short
ApeX Omni XLMUSDT	+0.0206%	1h	0.2125	−0.005%	$170K	$265K	50x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2121	−0.198%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2127	+0.108%	$4K	$50K	5x	as long as short
Hyperliquid XLM	+0.0258%	1h	0.2119	−0.264%	$12.1M	$6.6M	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0333%	1h	0.2121	−0.192%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2121	−0.198%	$222K	$1.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2119	−0.287%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0835%	1h	0.2122	−0.160%	$526K	$167K	25x	as long as short