After costs, if the gap returns to its 7d average, $10k−$33
spread now+0.062%7d average+0.086%fees + slippage, in and out−$31spread needed0.310%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2082 | 0.0100 | pay 0.0013% / 1h | 39m 56s | $104K | $181K | 20x |
| Short | Hyperliquid XLM | 0.2084 | 0.0164 | get 0.0021% / 1h | 39m 56s | $11.3M | $5.1M | 5x |
Backpack XLM_USDC_PERP
Hyperliquid XLMPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $6.24
- Funding while held
- $1.93
- Slippage, 4 orders
- −$11.95
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$22.78
- Spread needed to break even
- 0.310%
Slippage from Backpack: live order book, just now; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0064%
- Per $10,000 a day
- +$1.93
- Average in range /8h
- —
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 Backpack live order book, just now | 0.24 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.24 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
XLM price on every exchange
against the cheapest. Click to use as the short leg.Injective0.1966cheapest
Variational Omni0.2080+5.802%dYdX0.2081+5.827%SunX0.2081+5.834%GMX0.2081+5.856%gTrade (Gains Network)0.2081+5.871%Orderly0.2082+5.900%SoDEX0.2082+5.900%Gate0.2082+5.905%Bybit0.2082+5.910%Bitget0.2082+5.910%Phemex0.2082+5.910%MEXC0.2082+5.916%BloFin0.2082+5.916%Extended0.2082+5.922%KuCoin0.2082+5.926%
Injective
Variational Omni
dYdX
SunX
GMX
gTrade (Gains Network)
Orderly
SoDEX
Gate
Bybit
Bitget
Phemex
MEXC
BloFin
Extended
KuCoinBackpack0.2082+5.926%
Kraken Futures0.2083+5.928%OKX0.2083+5.931%BingX0.2083+5.931%HTX0.2083+5.936%ApeX Omni0.2083+5.956%Deribit0.2083+5.956%Binance0.2083+5.962%edgeX0.2084+5.978%
Kraken Futures
OKX
BingX
HTX
ApeX Omni
Deribit
BinanceHyperliquid0.2084+5.992%
Lighter0.2084+5.992%Aster0.2084+5.992%Coinbase International0.2085+6.043%Phoenix0.2087+6.129%
Lighter
Aster
Coinbase International
PhoenixXLM on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −5.594% | +0.0033% | 1h | $786 | $126K | 12x | as long as short |
| Variational Omni XLM | −0.117% | +0.0100% | 8h | $254K | $311K | — | as long as short |
| dYdX XLM-USD | −0.093% | +0.0306% | 1h | $24K | $1K | 10x | as long as short |
| SunX XLM-USDT | −0.086% | +0.0100% | 8h | $2K | $1.5M | 20x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | −0.066% | L +0.0335% / S −0.0204% | 1h | $42K | — | 100x | as long as short |
| gTrade (Gains Network) XLM/USD | −0.051% | L 0.0000% / S +0.0002% | 1h | $8K | — | 150x | as long as short |
| Orderly PERP_XLM_USDC_mythos | −0.024% | +0.0100% | 4h | $3K | $2K | 10x | as long as short |
| SoDEX XLM-USD | −0.024% | +0.0100% | 1h | $442 | $5K | 5x | as long as short |
| Gate XLM_USDT | −0.019% | +0.0100% | 8h | $3.6M | $5.8M | 75x | as long as short |
| Bybit XLMUSDT | −0.014% | +0.0100% | 8h | $40.6M | $33.3M | 75x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | −0.014% | +0.0100% | 8h | $24.3M | $15.3M | 75x | as long as short |
| Phemex XLMUSDT | −0.014% | +0.0100% | 8h | $8.7M | $8.8M | 50x | as long as short |
| MEXC XLM_USDT | −0.010% | +0.0100% | 8h | $25.2M | $21.5M | 300x | as long as short |
| BloFin XLM-USDT | −0.010% | +0.0220% | 8h | $2.2M | $5.4M | 75x | as long as short |
| Extended XLM-USD | −0.004% | +0.0104% | 1h | $141K | $1.3M | 10x | as long as short |
| KuCoin XLMUSDTM | 0.000% | +0.0100% | 8h | $13.8M | $9.1M | 75x | as long as short |
| Backpack XLM_USDC_PERPlong | 0.000% | +0.0100% | 1h | $104K | $181K | 20x | |
| Kraken Futures PF_XLMUSD | +0.002% | +0.0208% | 1h | $2.3M | $2.1M | 50x | as long as short |
| OKX XLM-USDT-SWAP | +0.005% | +0.0100% | 8h | $11.3M | $31.4M | 50x | as long as short |
| BingX XLM-USDT | +0.005% | +0.0100% | 8h | — | $6.1M | — | as long as short |
| HTX XLM-USDT | +0.010% | +0.0100% | 8h | $194K | $357K | 20x | as long as short |
| ApeX Omni XLMUSDT | +0.029% | +0.0100% | 1h | $167K | $242K | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.029% | +0.0423% | 1h | $520K | $171K | 25x | as long as short |
| Binance XLMUSDT | +0.034% | +0.0100% | 8h | $50.6M | $124.9M | 75x | as long as short |
| edgeX XLMUSDC | +0.049% | +0.0100% | 4h | $14K | $285K | 10x | as long as short |
| Hyperliquid XLMshort | +0.062% | +0.0164% | 1h | $11.3M | $5.1M | 5x | |
| Lighter XLM | +0.062% | +0.0464% | 1h | $466K | $650K | 5x | as long as short |
| Aster XLMUSDT | +0.062% | +0.0100% | 8h | $561K | $1.1M | 75x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.110% | +0.0336% | 1h | $270K | $1.3M | 50x | as long as short |
| Phoenix XLM | +0.192% | +0.0153% | 1h | $13K | $33K | 5x | as long as short |