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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.074%
Price spread now: Lighter against BloFin+0.070%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$430.431% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.106%−$11 on $10k
Price spread, last 3 days (all we have)+0.110%+$11 · spread now +0.070%, 7d avg +0.083%
Together, before fees+0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XLM-USDT0.21520.0220pay 0.0220% / 8h14m 28s$2.3M$5.6M75x
ShortLighter XLM0.21530.0304get 0.0038% / 1h14m 28s$401K$829K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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
$17.64
Price spread: +0.070% → +0.083%
−$1.28
Slippage, 4 orders
−$31.06
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$26.7
Costs to cover
0.431%
Break-even
17.6 days
Slippage from BloFin: live order book, 4 min ago; Lighter: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago1.63 bp8.0 bp −$813.8 bp −$13827.0 bp −$2,704doesn't fit
Sell Lighter live order book, 60 min ago4.16 bp8.0 bp −$851.0 bp −$510doesn't fitdoesn't fit

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
Injective XLM/USDC PERP−0.5000%1h0.2157+0.256%$736$241K12xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2151−0.040%$4K150xas long as short
dYdX XLM-USD+0.0092%1h0.2150−0.074%$23K$3K10xas long as short
Aster XLMUSDT+0.0100%8h0.2153+0.069%$577K$752K75xas long as short
Binance XLMUSDT+0.0100%8h0.2150−0.070%$55.5M$151.1M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2149−0.116%$43.6M$44.0M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2149−0.135%$13.0M$41.6M50xas long as short
Gate XLM_USDT+0.0100%8h0.2150−0.074%$4.1M$6.3M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2151−0.019%$24.9M$26.3M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2150−0.060%$14.4M$10.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2149−0.112%$25.5M$19.3M75xas long as short
BingX XLM-USDT+0.0100%8h0.2150−0.079%$7.0Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2150−0.056%$89K$270K20xas long as short
Variational Omni XLM+0.0100%8h0.2154+0.125%$253K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2153+0.063%$12K$302K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2156+0.210%$596K$613K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2153+0.074%$173K$257K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2152+0.023%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2151−0.023%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2151−0.037%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2151−0.005%$199K$261K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2152+0.014%$9.0M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2149−0.124%$193K$1.6M10xas long as short
BloFin XLM-USDTlong+0.0220%8h0.2152long leg$2.3M$5.6M75x
Phoenix XLM+0.0222%1h0.2154+0.102%$5K$42K5xas long as short
Lighter XLMshort+0.0304%1h0.2153+0.070%$401K$829K5x
GMX XLM/USD [WBTC.b-USDC]L +0.0315% / S −0.0167%1h0.2151−0.027%$45K100xas long as short
Hyperliquid XLM+0.0365%1h0.2152+0.028%$12.3M$6.2M5xas long as short
Kraken Futures PF_XLMUSD+0.0414%1h0.2151−0.014%$2.6M$2.6M50xas long as short
Coinbase International XLM-PERP-INTX+0.0448%1h0.2155+0.139%$230K$1.5M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0680%1h0.2153+0.065%$534K$159K25xas long as short