Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.002%

Price spread now: dYdX against Aster−0.101%7-day average — · you buy dearer than you sell

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

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. dYdX is 0.101% cheaper against Aster than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 37 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XLMUSDT	0.2120	0.0100	pay 0.0100% / 8h	59m 19s	$563K	$615K	75x
Short	dYdX XLM-USD	0.2118	0.0320	get 0.0040% / 1h	59m 19s	$23K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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 AsterbpFee dYdXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $46.13
Price spread: −0.101% → 0.000%: −$10.06
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: $18.06
Costs to cover: 0.180%
Break-even: 4.3 days

Slippage unknown: Aster: live order book, 43 min ago; dYdX: 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 Aster live order book, 43 min ago	3.07 bp	14.9 bp −$15	49.6 bp −$496	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.2117	−0.107%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.250%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2121	+0.051%	$366K	$941K	5x	as long as short
Aster XLMUSDTlong	+0.0100%	8h	0.2120	long leg	$563K	$615K	75x
Binance XLMUSDT	+0.0100%	8h	0.2119	−0.038%	$54.4M	$162.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2117	−0.123%	$42.9M	$47.3M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2118	−0.071%	$12.2M	$44.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2118	−0.100%	$4.0M	$7.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2119	−0.033%	$24.6M	$28.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2118	−0.071%	$14.0M	$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	0.2118	−0.090%	$25.4M	$22.8M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2118	−0.081%	—	$7.3M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2116	−0.169%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2119	−0.052%	$12K	$309K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2119	−0.033%	$594K	$585K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2118	−0.062%	$170K	$263K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2118	−0.081%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2120	+0.009%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2120	+0.009%	$577	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2116	−0.170%	$195K	$249K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2121	+0.042%	$8.7M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2118	−0.073%	$189K	$1.5M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0200%	1h	0.2120	+0.009%	$130K	$348K	20x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2119	−0.033%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0263%	1h	0.2120	0.000%	$4K	$50K	5x	as long as short
dYdX XLM-USDshort	+0.0320%	1h	0.2118	−0.101%	$23K	$2K	10x
Kraken Futures PF_XLMUSD	+0.0333%	1h	0.2121	+0.041%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2127	+0.353%	$222K	$1.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2118	−0.103%	$39K	—	100x	as long as short
Hyperliquid XLM	+0.0647%	1h	0.2122	+0.084%	$12.1M	$6.5M	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0977%	1h	0.2122	+0.103%	$526K	$172K	25x	as long as short