Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: SunX against dYdX−0.302%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on SunX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SunX is 0.302% cheaper against dYdX than usual: you would sell low and buy high (spread −0.302% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 10 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XLM-USD	0.2113	0	get 0.0000% / 1h	39m 18s	$23K	$2K	10x
Short	SunX XLM-USDT	0.2107	0.0100	get 0.0100% / 8h	6h 39m	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now −0.302%Rate

Funding earned: $21
Price spread: −0.302% → 0.000%: −$30.21
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.21
Costs to cover: 0.180%
Break-even: 16.1 days

Slippage unknown: dYdX: no order-book sample; SunX: live order book, 6 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell SunX live order book, 6 min ago	29.35 bp	76.3 bp −$76	doesn't fit	doesn't fit	doesn't fit

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
dYdX XLM-USDlong	0.0000%	1h	0.2113	long leg	$23K	$2K	10x
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2116	+0.111%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.559%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2115	+0.105%	$360K	$891K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2117	+0.185%	$53.8M	$154.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2116	+0.133%	$42.5M	$46.3M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2115	+0.081%	$12.6M	$41.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2116	+0.143%	$4.0M	$6.6M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2117	+0.190%	$23.8M	$26.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2116	+0.148%	$14.0M	$10.0M	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	0.2116	+0.114%	$25.1M	$20.6M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2117	+0.157%	—	$7.2M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2111	−0.118%	$88K	$263K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2115	+0.094%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2125	+0.582%	$12K	$301K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2115	+0.077%	$592K	$612K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2124	+0.507%	$170K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2116	+0.133%	$3K	$2K	10x	as long as short
SunX XLM-USDTshort	+0.0100%	8h	0.2107	−0.302%	$2K	$1.7M	20x
SoDEX XLM-USD	+0.0100%	1h	0.2117	+0.157%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2106	−0.349%	$194K	$269K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2111	−0.084%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2116	+0.132%	$190K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0117%	8h	0.2113	−0.022%	$565K	$631K	75x	as long as short
Hyperliquid XLM	+0.0131%	1h	0.2119	+0.256%	$12.2M	$6.4M	5x	as long as short
Phoenix XLM	+0.0187%	1h	0.2116	+0.133%	$5K	$46K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2134	+0.995%	$2.3M	$5.2M	75x	as long as short
Kraken Futures PF_XLMUSD	+0.0382%	1h	0.2117	+0.166%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0440%	1h	0.2116	+0.114%	$232K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0516% / S −0.0193%	1h	0.2115	+0.095%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0601%	1h	0.2117	+0.171%	$525K	$150K	25x	as long as short