Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.093%

Price spread now: Coinbase International against Orderly−0.033%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Coinbase International

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. Coinbase International is 0.033% cheaper against Orderly than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XLM_USDC_mythos	0.2126	0.0100	pay 0.0050% / 4h	1h 15m	$3K	$2K	10x
Short	Coinbase International XLM-PERP-INTX	0.2125	0.0408	get 0.0051% / 1h	15m 57s	$222K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now −0.033%Rate

Funding earned: $64.68
Price spread: −0.033% → 0.000%: −$3.29
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $45.39
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 3 min ago	4.46 bp	14.0 bp −$14	18.2 bp −$182	doesn't fit	doesn't fit

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.

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	0.2126	+0.018%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.047%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2130	+0.165%	$367K	$946K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2127	+0.070%	$564K	$634K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2127	+0.038%	$54.6M	$162.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2125	−0.033%	$43.1M	$47.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2127	+0.028%	$12.2M	$44.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2126	−0.005%	$4.0M	$7.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2127	+0.028%	$25.0M	$29.2M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2127	+0.033%	$14.1M	$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	0.2126	0.000%	$25.5M	$23.0M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2126	+0.005%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2125	−0.041%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2128	+0.107%	$12K	$308K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2128	+0.103%	$597K	$593K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2127	+0.024%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythoslong	+0.0100%	4h	0.2126	long leg	$3K	$2K	10x
SunX XLM-USDT	+0.0100%	8h	0.2127	+0.056%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2127	+0.061%	$579	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2128	+0.085%	$196K	$249K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2127	+0.038%	$8.7M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2126	−0.022%	$189K	$1.6M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2127	+0.071%	$2.3M	$5.6M	75x	as long as short
Backpack XLM_USDC_PERP	+0.0222%	1h	0.2127	+0.056%	$130K	$349K	20x	as long as short
Hyperliquid XLM	+0.0231%	1h	0.2129	+0.150%	$12.1M	$6.5M	5x	as long as short
dYdX XLM-USD	+0.0244%	1h	0.2126	−0.017%	$23K	$2K	10x	as long as short
Phoenix XLM	+0.0263%	1h	0.2129	+0.146%	$4K	$50K	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0331%	1h	0.2128	+0.095%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTXshort	+0.0408%	1h	0.2125	−0.033%	$222K	$1.7M	50x
GMX XLM/USD [WBTC.b-USDC]	L +0.0518% / S −0.0247%	1h	0.2126	0.000%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0926%	1h	0.2129	+0.122%	$528K	$168K	25x	as long as short