Spread before costs (cost unknown: a leg has no order-book sample)+0.027%
7d average—if it closes, per $10,000$3funding while held, a day+$4.38
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XLM/USD | 0.2086 | L 0.0000% / S +0.0002% | pay 0.0000% / 1h | 35m 13s | $10K | — | 150x |
| Short | Backpack XLM_USDC_PERP | 0.2087 | 0.0146 | get 0.0018% / 1h | 35m 13s | $100K | $194K | 20x |
gTrade (Gains Network) XLM/USD
Backpack XLM_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $2.73
- Funding while held
- $4.38
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$12.89
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, just now. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0146%
- Per $10,000 a day
- +$4.38
- Average in range /8h
- —
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, just now | 1.20 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.1966cheapest
Phoenix0.2079+5.732%edgeX0.2079+5.750%ApeX Omni0.2079+5.753%Variational Omni0.2080+5.798%SunX0.2084+6.007%OKX0.2085+6.063%Extended0.2085+6.067%Bybit0.2085+6.073%KuCoin0.2086+6.078%dYdX0.2086+6.083%BingX0.2086+6.089%Kraken Futures0.2086+6.090%GMX0.2086+6.093%Bitget0.2086+6.094%
Injective
Phoenix
ApeX Omni
Variational Omni
SunX
OKX
Extended
Bybit
KuCoin
dYdX
BingX
Kraken Futures
GMX
BitgetgTrade (Gains Network)0.2086+6.100%
Gate0.2086+6.104%Orderly0.2086+6.104%BloFin0.2086+6.104%MEXC0.2086+6.114%SoDEX0.2086+6.114%Phemex0.2086+6.119%HTX0.2086+6.124%Binance0.2087+6.129%
Gate
Orderly
BloFin
MEXC
SoDEX
Phemex
HTX
BinanceBackpack0.2087+6.129%
Aster0.2087+6.131%Coinbase International0.2087+6.139%Deribit0.2087+6.180%Hyperliquid0.2088+6.185%Lighter0.2088+6.195%
Aster
Coinbase International
Deribit
Hyperliquid
LighterXLM on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −5.749% | +0.0033% | 1h | $786 | $102K | 12x | as long as short |
| Phoenix XLM | −0.347% | +0.0153% | 1h | $13K | $34K | 5x | as long as short |
| edgeX XLMUSDC | −0.330% | +0.0100% | 4h | $14K | $288K | 10x | as long as short |
| ApeX Omni XLMUSDT | −0.327% | +0.0100% | 1h | $167K | $242K | 50x | as long as short |
| Variational Omni XLM | −0.285% | +0.0100% | 8h | $260K | $615K | — | as long as short |
| SunX XLM-USDT | −0.088% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| OKX XLM-USDT-SWAP | −0.035% | +0.0100% | 8h | $11.5M | $34.3M | 50x | as long as short |
| Extended XLM-USD | −0.032% | +0.0104% | 1h | $207K | $1.5M | 10x | as long as short |
| Bybit XLMUSDT | −0.025% | +0.0100% | 8h | $41.0M | $35.5M | 75x | as long as short |
| KuCoin XLMUSDTM | −0.021% | +0.0100% | 8h | $13.9M | $9.3M | 75x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | −0.016% | +0.0157% | 1h | $24K | $1K | 10x | as long as short |
| BingX XLM-USDC | −0.011% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Kraken Futures PF_XLMUSD | −0.009% | +0.0359% | 1h | $2.3M | $2.1M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | −0.007% | L +0.0334% / S −0.0203% | 1h | $41K | — | 100x | as long as short |
| Bitget XLMUSDT | −0.006% | +0.0100% | 8h | $24.4M | $16.5M | 75x | as long as short |
| gTrade (Gains Network) XLM/USDlong | 0.000% | L 0.0000% / S +0.0002% | 1h | $10K | — | 150x | |
| Gate XLM_USDT | +0.003% | +0.0100% | 8h | $3.7M | $6.0M | 75x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.003% | +0.0100% | 4h | $3K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.003% | +0.0220% | 8h | $2.2M | $5.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.013% | +0.0100% | 8h | $26.0M | $23.3M | 300x | as long as short |
| SoDEX XLM-USD | +0.013% | +0.0100% | 1h | $437 | $5K | 5x | as long as short |
| Phemex XLMUSDT | +0.018% | +0.0100% | 8h | $8.6M | $8.9M | 50x | as long as short |
| HTX XLM-USDT | +0.023% | +0.0100% | 8h | $194K | $376K | 20x | as long as short |
| Binance XLMUSDT | +0.027% | +0.0100% | 8h | $50.9M | $133.7M | 75x | as long as short |
| Backpack XLM_USDC_PERPshort | +0.027% | +0.0146% | 1h | $100K | $194K | 20x | |
| Aster XLMUSDT | +0.029% | +0.0100% | 8h | $563K | $1.1M | 75x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.037% | +0.0376% | 1h | $267K | $1.3M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.075% | +0.0469% | 1h | $518K | $138K | 25x | as long as short |
| Hyperliquid XLM | +0.080% | +0.0242% | 1h | $11.2M | $5.4M | 5x | as long as short |
| Lighter XLM | +0.090% | +0.0280% | 1h | $468K | $709K | 5x | as long as short |