Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.024%

Price spread now: Phoenix against KuCoin−0.028%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Phoenix

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.028% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XLMUSDTM	0.2137	0.0100	pay 0.0100% / 8h	6h 56m	$13.9M	$8.9M	75x
Short	Phoenix XLM	0.2137	0.0226	get 0.0028% / 1h	56m 58s	$4K	$47K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now −0.028%Rate

Funding earned: $26.52
Price spread: −0.028% → 0.000%: −$2.81
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $4.72
Costs to cover: 0.190%
Break-even: 5.8 days

Slippage unknown: KuCoin: live order book, 2 min ago; Phoenix: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 2 min ago	1.64 bp	17.6 bp −$18	46.7 bp −$467	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	0.2139	+0.066%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.575%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2140	+0.136%	$374K	$856K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2139	+0.074%	$567K	$545K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2138	+0.028%	$55.5M	$152.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2137	−0.037%	$44.3M	$43.7M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2136	−0.061%	$12.4M	$44.8M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2139	+0.056%	$4.0M	$6.9M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2139	+0.075%	$24.3M	$27.7M	300x	as long as short
KuCoin XLMUSDTMlong	+0.0100%	8h	0.2137	long leg	$13.9M	$8.9M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2137	−0.014%	$26.0M	$22.3M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2138	+0.047%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2139	+0.070%	$121K	$323K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2137	−0.009%	$256K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2137	−0.007%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2141	+0.164%	$590K	$547K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2141	+0.154%	$172K	$252K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2136	−0.061%	$3K	$247	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2135	−0.094%	$2K	$1.5M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2137	+0.005%	$582	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2135	−0.089%	$197K	$187K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2138	+0.019%	$8.7M	$8.7M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2136	−0.048%	$190K	$662K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2138	+0.014%	$2.3M	$5.4M	75x	as long as short
Phoenix XLMshort	+0.0226%	1h	0.2137	−0.028%	$4K	$47K	5x
Coinbase International XLM-PERP-INTX	+0.0328%	1h	0.2135	−0.103%	$214K	$1.4M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0406%	1h	0.2137	−0.014%	$530K	$105K	25x	as long as short
Kraken Futures PF_XLMUSD	+0.0482%	1h	0.2138	+0.019%	$2.6M	$2.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0496% / S −0.0231%	1h	0.2139	+0.080%	$38K	—	100x	as long as short
Hyperliquid XLM	+0.0640%	1h	0.2141	+0.168%	$12.3M	$6.0M	5x	as long as short
dYdX XLM-USD	+0.0714%	1h	0.2133	−0.181%	$27K	$5K	10x	as long as short