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

XLM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SoDEX against Phemex−0.052%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.052% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XLMUSDT0.21230.0100pay 0.0100% / 8h6h 15m$8.7M$8.7M50x
ShortSoDEX XLM-USD0.21220.0100get 0.0013% / 1h15m 03s$578$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Phemex. 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
$0
Price spread: −0.052% → 0.000%
−$5.18
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$25.18
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; 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 Phemex live order book, 2 min ago3.53 bp10.7 bp −$1118.1 bp −$181doesn't fitdoesn't fit
Sell SoDEX no order-book sample
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 exchanges

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%1h0.2122−0.038%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125+0.085%$683$241K12xas long as short
Lighter XLM+0.0096%1h0.2125+0.080%$372K$861K5xas long as short
Aster XLMUSDT+0.0100%8h0.2124+0.045%$563K$475K75xas long as short
Binance XLMUSDT+0.0100%8h0.2123+0.014%$54.9M$149.2M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2124+0.038%$44.1M$42.5M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2125+0.075%$12.3M$43.4M50xas long as short
Gate XLM_USDT+0.0100%8h0.2122−0.038%$4.0M$7.0M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2123−0.009%$24.4M$28.3M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2122−0.052%$13.8M$8.7M75xas long as short
Show all 31 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2125+0.066%$25.9M$22.0M75xas long as short
BingX XLM-USDT+0.0100%8h0.2122−0.042%$6.9Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2123−0.019%$120K$317K20xas long as short
Variational Omni XLM+0.0100%8h0.2121−0.102%$254K$1.2Mas long as short
edgeX XLMUSDC+0.0100%4h0.2121−0.088%$12K$310K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2122−0.041%$585K$530K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2120−0.137%$170K$251K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2123−0.009%$3K$24710xas long as short
SunX XLM-USDT+0.0100%8h0.2124+0.042%$1K$1.4M20xas long as short
SoDEX XLM-USDshort+0.0100%1h0.2122−0.052%$578$6K5x
HTX XLM-USDT+0.0100%8h0.2123+0.005%$189K$206K20xas long as short
Phemex XLMUSDTlong+0.0100%8h0.2123long leg$8.7M$8.7M50x
Extended XLM-USD+0.0104%1h0.2123+0.014%$190K$627K10xas long as short
Phoenix XLM+0.0150%1h0.2123−0.014%$4K$47K5xas long as short
BloFin XLM-USDT+0.0220%8h0.2124+0.024%$2.3M$5.3M75xas long as short
Coinbase International XLM-PERP-INTX+0.0328%1h0.2123−0.009%$211K$1.4M50xas long as short
Hyperliquid XLM+0.0408%1h0.2125+0.077%$12.3M$5.6M5xas long as short
Kraken Futures PF_XLMUSD+0.0485%1h0.2123−0.028%$2.6M$2.4M50xas long as short
dYdX XLM-USD+0.0518%1h0.2122−0.046%$27K$5K10xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0550% / S −0.0272%1h0.2122−0.068%$42K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.0834%1h0.2125+0.066%$526K$101K25xas long as short