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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0279%/8h= +30.6% APRpaid last 24h +0.037%
Price spread now: Hyperliquid against Orderly+0.320%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.320% dearer against Orderly than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_XLM_USDC_mythos0.21570.0100pay 0.0050% / 4h2h 03m$3K$2K10x
ShortHyperliquid XLM0.21640.0379get 0.0047% / 1h3m 49s$12.2M$5.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$58.68
Price spread: +0.320% → 0.000%
$31.99
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$75.67
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 9 min ago. 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 Orderly no order-book sample
Sell Hyperliquid live order book, 9 min ago0.93 bp10.9 bp −$11doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2156−0.057%$4K150xas long as short
dYdX XLM-USD+0.0007%1h0.2160+0.131%$23K$3K10xas long as short
Aster XLMUSDT+0.0100%8h0.2160+0.146%$590K$798K75xas long as short
Binance XLMUSDT+0.0100%8h0.2162+0.236%$56.2M$146.9M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2161+0.181%$43.8M$42.1M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2160+0.153%$13.1M$41.3M50xas long as short
Gate XLM_USDT+0.0100%8h0.2160+0.121%$3.9M$5.9M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2162+0.218%$25.7M$25.7M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2160+0.162%$14.6M$10.5M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2161+0.176%$25.9M$18.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDT+0.0100%8h0.2160+0.158%$7.0Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2158+0.051%$94K$230K20xas long as short
Variational Omni XLM+0.0100%8h0.2156−0.028%$239K$1.1Mas long as short
edgeX XLMUSDC+0.0100%4h0.2169+0.568%$12K$299K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2164+0.302%$601K$610K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2159+0.097%$173K$255K50xas long as short
Orderly PERP_XLM_USDC_mythoslong+0.0100%4h0.2157long leg$3K$2K10x
SunX XLM-USDT+0.0100%8h0.2153−0.176%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2157+0.023%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2157−0.014%$199K$272K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2158+0.060%$9.1M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2160+0.120%$193K$1.6M10xas long as short
Phoenix XLM+0.0187%1h0.2168+0.533%$5K$43K5xas long as short
BloFin XLM-USDT+0.0220%8h0.2156−0.032%$2.3M$6.2M75xas long as short
Injective XLM/USDC PERP+0.0249%1h0.2156−0.046%$116$185K12xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0314% / S −0.0166%1h0.2156−0.066%$45K100xas long as short
Hyperliquid XLMshort+0.0379%1h0.2164+0.320%$12.2M$5.9M5x
Coinbase International XLM-PERP-INTX+0.0408%1h0.2170+0.621%$231K$1.5M50xas long as short
Kraken Futures PF_XLMUSD+0.0547%1h0.2158+0.039%$2.6M$2.6M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0631%1h0.2158+0.065%$536K$170K25xas long as short
Lighter XLM+0.0824%1h0.2166+0.399%$425K$804K5xas long as short