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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0637%/8h= −69.8% APRpaid last 24h −0.144%
Price spread now: Orderly against Deribit−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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Orderly is 0.052% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit XLM_USDC-PERPETUAL0.21290.0737pay 0.0092% / 1h3m 01s$528K$167K25x
ShortOrderly PERP_XLM_USDC_mythos0.21280.0100get 0.0050% / 4h2h 03m$3K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Deribit. 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
−$133.77
Price spread: −0.052% → 0.000%
−$5.17
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$151.94
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 46 min ago; Orderly: 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 Deribit live order book, 46 min ago3.77 bp7.3 bp −$714.7 bp −$147doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2126−0.131%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125−0.193%$683$241K12xas long as short
Lighter XLM+0.0096%1h0.2130+0.061%$357K$997K5xas long as short
Aster XLMUSDT+0.0100%8h0.2128−0.054%$564K$634K75xas long as short
Binance XLMUSDT+0.0100%8h0.2129−0.012%$54.7M$162.4M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2127−0.099%$43.1M$47.6M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2128−0.047%$12.3M$44.6M50xas long as short
Gate XLM_USDT+0.0100%8h0.2128−0.061%$4.0M$7.8M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2129−0.005%$24.6M$28.7M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2129−0.019%$13.9M$9.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2128−0.056%$25.6M$23.0M75xas long as short
BingX XLM-USDT+0.0100%8h0.2128−0.052%$7.4Mas long as short
Variational Omni XLM+0.0100%8h0.2130+0.048%$254K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2130+0.053%$12K$307K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2130+0.028%$590K$602K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2130+0.019%$171K$264K50xas long as short
Orderly PERP_XLM_USDC_mythosshort+0.0100%4h0.2128−0.052%$3K$2K10x
SunX XLM-USDT+0.0100%8h0.2125−0.193%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2128−0.038%$580$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2129−0.005%$196K$252K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2129+0.005%$8.8M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2128−0.052%$190K$1.8M10xas long as short
Kraken Futures PF_XLMUSD+0.0142%1h0.2129−0.015%$2.6M$2.7M50xas long as short
Backpack XLM_USDC_PERP+0.0170%1h0.2129−0.019%$117K$322K20xas long as short
Hyperliquid XLM+0.0208%1h0.2130+0.042%$12.1M$6.6M5xas long as short
BloFin XLM-USDT+0.0220%8h0.2129+0.014%$2.3M$5.6M75xas long as short
Phoenix XLM+0.0226%1h0.2130+0.038%$4K$49K5xas long as short
dYdX XLM-USD+0.0253%1h0.2127−0.077%$23K$2K10xas long as short
Coinbase International XLM-PERP-INTX+0.0456%1h0.2131+0.075%$223K$1.7M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0518% / S −0.0247%1h0.2126−0.146%$39K100xas long as short
Deribit XLM_USDC-PERPETUALlong+0.0737%1h0.2129long leg$528K$167K25x