Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.217%

Price spread now: Injective against BloFin−0.118%7-day average −0.254% · you buy dearer than you sell

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.489%−$49 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.118%, 7d avg −0.254%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.137% dearer against BloFin than usual: you sell high and buy low (spread −0.118% now, against its 7-day average of −0.254%): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XLM-USDT	0.2127	0.0220	pay 0.0220% / 8h	1h 20m	$2.3M	$5.6M	75x
Short	Injective XLM/USDC PERP	0.2125	0.0033	get 0.0004% / 1h	20m 40s	$683	$241K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee InjectivebpOrdersPrice spread, now −0.118%Rate

Funding earned: −$39.2
Price spread: −0.118% → −0.254%: $13.68
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$37.54
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 3 min ago; Injective: 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 BloFin live order book, 3 min ago	3.06 bp	9.9 bp −$10	14.1 bp −$141	25.2 bp −$2,517	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.089%	$4K	—	150x	as long as short
Injective XLM/USDC PERPshort	+0.0033%	1h	0.2125	−0.118%	$683	$241K	12x
Lighter XLM	+0.0096%	1h	0.2131	+0.179%	$368K	$946K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2129	+0.093%	$564K	$634K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2129	+0.085%	$54.7M	$162.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2127	−0.014%	$43.1M	$47.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2129	+0.075%	$12.2M	$44.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2128	+0.024%	$4.0M	$7.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2130	+0.099%	$25.1M	$29.1M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2129	+0.047%	$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	0.2129	+0.052%	$25.6M	$23.0M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2129	+0.089%	—	$7.4M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2125	−0.111%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2125	−0.137%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2124	−0.150%	$596K	$593K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2122	−0.235%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2126	−0.071%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2126	−0.052%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2127	−0.028%	$579	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2127	−0.033%	$196K	$249K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2127	−0.047%	$8.7M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2129	+0.074%	$189K	$1.6M	10x	as long as short
Hyperliquid XLM	+0.0187%	1h	0.2130	+0.113%	$12.1M	$6.5M	5x	as long as short
Backpack XLM_USDC_PERP	+0.0208%	1h	0.2127	0.000%	$130K	$349K	20x	as long as short
BloFin XLM-USDTlong	+0.0220%	8h	0.2127	long leg	$2.3M	$5.6M	75x
dYdX XLM-USD	+0.0221%	1h	0.2126	−0.087%	$23K	$2K	10x	as long as short
Phoenix XLM	+0.0263%	1h	0.2121	−0.301%	$4K	$50K	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0332%	1h	0.2127	−0.009%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2125	−0.103%	$222K	$1.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0518% / S −0.0247%	1h	0.2125	−0.110%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0973%	1h	0.2129	+0.061%	$528K	$168K	25x	as long as short