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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.181%
Price spread now: SoDEX against Injective−1.040%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. SoDEX is 1.040% cheaper against Injective than usual: you would sell low and buy high (spread −1.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$104 on $10k: about 52 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XLM/USDC PERP0.21250.0033pay 0.0004% / 1h25m 02s$683$241K12x
ShortSoDEX XLM-USD0.21030.0100get 0.0013% / 1h25m 02s$573$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$14
Price spread: −1.040% → 0.000%
−$104
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$98.02
Costs to cover
0.080%
Break-even
56.0 days
Slippage unknown: Injective: no order-book sample; SoDEX: 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 Injective no order-book sample
Sell SoDEX no order-book sample
Injective and SoDEX: 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%1h0.2103−1.049%$4K150xas long as short
Injective XLM/USDC PERPlong+0.0033%1h0.2125long leg$683$241K12x
Lighter XLM+0.0096%1h0.2106−0.908%$352K$991K5xas long as short
Aster XLMUSDT+0.0100%8h0.2100−1.179%$556K$630K75xas long as short
Binance XLMUSDT+0.0100%8h0.2101−1.115%$53.7M$161.5M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2100−1.181%$42.3M$47.2M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2101−1.148%$12.2M$43.8M50xas long as short
Gate XLM_USDT+0.0100%8h0.2100−1.153%$3.9M$7.6M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2101−1.125%$24.1M$28.3M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2103−1.021%$13.7M$9.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2100−1.191%$25.3M$22.8M75xas long as short
BingX XLM-USDT+0.0100%8h0.2100−1.195%$7.4Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2101−1.115%$130K$314K20xas long as short
Variational Omni XLM+0.0100%8h0.2097−1.310%$250K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2096−1.365%$12K$306K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2101−1.132%$582K$615K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2094−1.449%$168K$264K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2104−0.988%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2101−1.111%$2K$1.7M20xas long as short
SoDEX XLM-USDshort+0.0100%1h0.2103−1.040%$573$6K5x
HTX XLM-USDT+0.0100%8h0.2102−1.092%$194K$251K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2102−1.101%$8.7M$9.0M50xas long as short
Extended XLM-USD+0.0104%1h0.2103−1.046%$188K$1.8M10xas long as short
Kraken Futures PF_XLMUSD+0.0144%1h0.2102−1.061%$2.5M$2.7M50xas long as short
Hyperliquid XLM+0.0160%1h0.2101−1.111%$11.9M$6.5M5xas long as short
dYdX XLM-USD+0.0198%1h0.2101−1.149%$23K$2K10xas long as short
BloFin XLM-USDT+0.0220%8h0.2102−1.096%$2.3M$5.5M75xas long as short
Phoenix XLM+0.0226%1h0.2097−1.327%$4K$49K5xas long as short
Coinbase International XLM-PERP-INTX+0.0456%1h0.2094−1.449%$223K$1.6M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0515% / S −0.0228%1h0.2103−1.050%$40K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.1082%1h0.2105−0.927%$522K$163K25xas long as short