Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Extended−0.396%7-day average +0.001% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.457%+$46 · spread now −0.396%, 7d avg +0.001%

Together, before fees+0.447%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$45 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: Variational Omni is 0.397% cheaper against Extended than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XLM-USD	0.2171	0.0104	pay 0.0013% / 1h	58m 44s	$194K	$1.6M	10x
Short	Variational Omni XLM	0.2162	0.0100	get 0.0100% / 8h	1h 58m	$240K	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.396%Rate

Funding earned: −$0.84
Price spread: −0.396% → +0.001%: −$39.69
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$45.53
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, just now. 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 Extended live order book, 5 min ago	3.93 bp	6.4 bp −$6	13.9 bp −$139	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	6.92 bp	doesn't fit	16.1 bp −$161	doesn't fit	doesn't fit

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-USD	0.0000%	1h	0.2171	−0.009%	$24K	$3K	10x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2171	+0.001%	$4K	—	150x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2173	+0.073%	$592K	$800K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2171	−0.018%	$56.4M	$147.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2170	−0.032%	$44.0M	$42.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2169	−0.078%	$13.2M	$41.5M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2170	−0.023%	$4.0M	$5.9M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2171	−0.018%	$25.7M	$25.3M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2170	−0.046%	$14.6M	$10.5M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2170	−0.028%	$26.0M	$18.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDC	+0.0100%	8h	0.2170	−0.037%	—	$6.7M	—	as long as short
Variational Omni XLMshort	+0.0100%	8h	0.2162	−0.396%	$240K	$1.1M	—
edgeX XLMUSDC	+0.0100%	4h	0.2165	−0.269%	$12K	$300K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2165	−0.268%	$602K	$610K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2165	−0.267%	$173K	$255K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2171	0.000%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2170	−0.064%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2171	+0.014%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2170	−0.046%	$200K	$272K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2172	+0.065%	$9.2M	$9.1M	50x	as long as short
Extended XLM-USDlong	+0.0104%	1h	0.2171	long leg	$194K	$1.6M	10x
Backpack XLM_USDC_PERP	+0.0122%	1h	0.2172	+0.037%	$105K	$237K	20x	as long as short
Phoenix XLM	+0.0187%	1h	0.2163	−0.345%	$5K	$40K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2172	+0.037%	$2.3M	$6.3M	75x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0315% / S −0.0166%	1h	0.2171	+0.002%	$45K	—	100x	as long as short
Coinbase International XLM-PERP-INTX	+0.0432%	1h	0.2170	−0.028%	$231K	$1.5M	50x	as long as short
Injective XLM/USDC PERP	+0.0475%	1h	0.2156	−0.691%	$116	$185K	12x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0487%	1h	0.2173	+0.078%	$539K	$170K	25x	as long as short
Kraken Futures PF_XLMUSD	+0.0504%	1h	0.2170	−0.027%	$2.6M	$2.6M	50x	as long as short
Hyperliquid XLM	+0.0682%	1h	0.2174	+0.120%	$12.3M	$6.0M	5x	as long as short
Lighter XLM	+0.0752%	1h	0.2175	+0.203%	$428K	$803K	5x	as long as short