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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against edgeX+0.064%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$290.286% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.135%−$13 on $10k
Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.064%, 7d avg +0.018%
Together, before fees−0.009%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.046% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XLMUSDC0.21320.0100pay 0.0050% / 4h13m 22s$12K$307K10x
ShortPhemex XLMUSDT0.21330.0100get 0.0100% / 8h4h 13m$9.0M$8.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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
$0
Price spread: +0.064% → +0.018%
$4.58
Slippage, 4 orders
−$7.59
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$24.01
Costs to cover
0.286%
Break-even
never at this rate
Slippage from edgeX: live order book, 45 min ago; Phemex: live order book, 6 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 edgeX live order book, 45 min ago1.41 bp6.3 bp −$659.4 bp −$594doesn't fitdoesn't fit
Sell Phemex live order book, 6 min ago0.94 bp8.3 bp −$814.5 bp −$145doesn'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
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2134+0.111%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125−0.330%$683$241K12xas long as short
Lighter XLM+0.0096%1h0.2137+0.246%$369K$967K5xas long as short
Aster XLMUSDT+0.0100%8h0.2135+0.143%$568K$625K75xas long as short
Binance XLMUSDT+0.0100%8h0.2137+0.214%$54.7M$155.1M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2135+0.134%$43.1M$45.7M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2136+0.176%$12.5M$42.6M50xas long as short
Gate XLM_USDT+0.0100%8h0.2135+0.143%$4.1M$6.8M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2137+0.209%$23.9M$27.1M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2135+0.148%$14.1M$9.6M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2136+0.204%$25.8M$21.4M75xas long as short
BingX XLM-USDT+0.0100%8h0.2136+0.181%$7.3Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2133+0.035%$126K$292K20xas long as short
Variational Omni XLM+0.0100%8h0.2131−0.043%$255K$1.3Mas long as short
edgeX XLMUSDClong+0.0100%4h0.2132long leg$12K$307K10x
GRVT XLM_USDT_Perp+0.0100%8h0.2130−0.072%$589K$600K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2132−0.021%$171K$258K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2136+0.186%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2129−0.166%$2K$1.6M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2133+0.054%$581$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2131−0.063%$197K$253K20xas long as short
Phemex XLMUSDTshort+0.0100%8h0.2133+0.064%$9.0M$8.9M50x
Extended XLM-USD+0.0104%1h0.2136+0.177%$192K$1.8M10xas long as short
Hyperliquid XLM+0.0203%1h0.2138+0.261%$12.3M$6.3M5xas long as short
BloFin XLM-USDT+0.0220%8h0.2132+0.003%$2.3M$5.1M75xas long as short
Phoenix XLM+0.0225%1h0.2137+0.218%$5K$46K5xas long as short
dYdX XLM-USD+0.0250%1h0.2134+0.107%$23K$2K10xas long as short
Kraken Futures PF_XLMUSD+0.0264%1h0.2133+0.056%$2.6M$2.6M50xas long as short
Coinbase International XLM-PERP-INTX+0.0480%1h0.2135+0.125%$236K$1.5M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0519% / S −0.0247%1h0.2135+0.128%$40K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.1063%1h0.2135+0.125%$530K$153K25xas long as short