data as of
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XLM

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.029%7d average−0.017%fees + slippage, in and out−$33spread needed0.332%
Long on HyperliquidShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XLM0.21030.0170pay 0.0021% / 1h53m 51s$11.2M$5.4M5x
ShortDeribit XLM_USDC-PERPETUAL0.21020.0274get 0.0034% / 1h53m 51s$522K$143K25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.85
Funding while held
$3.12
Slippage, 4 orders
−$17.22
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$32.96
Spread needed to break even
0.332%
Slippage from Hyperliquid: live order book, 10 min ago; Deribit: live order book, 52 min ago.

Cost of waiting

funding view
Funding /8h
+0.0104%
Per $10,000 a day
+$3.12
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago0.47 bp8.2 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Deribit live order book, 52 min ago5.29 bp8.8 bp −$9doesn't fitdoesn't fitdoesn't fit

XLM price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1966cheapest
Extended0.2099+6.742%Bybit0.2099+6.765%Bitget0.2100+6.801%Gate0.2100+6.806%OKX0.2100+6.811%KuCoin0.2100+6.826%Binance0.2100+6.832%MEXC0.2100+6.836%BingX0.2100+6.836%Backpack0.2100+6.836%gTrade (Gains Network)0.2100+6.840%Phemex0.2100+6.841%SoDEX0.2101+6.851%Orderly0.2101+6.867%SunX0.2101+6.867%Kraken Futures0.2101+6.883%HTX0.2101+6.887%GMX0.2102+6.893%
Deribit0.2102+6.918%
Lighter0.2102+6.923%Coinbase International0.2102+6.938%
Hyperliquid0.2103+6.948%
dYdX0.2103+6.951%Aster0.2103+6.970%edgeX0.2103+6.977%ApeX Omni0.2103+6.979%BloFin0.2104+7.014%Variational Omni0.2107+7.181%Phoenix0.2111+7.370%

XLM on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XLM/USDC PERP−6.497%+0.0033%1h$786$102K12xas long as short
Extended XLM-USD−0.193%+0.0104%1h$208K$1.5M10xas long as short
Bybit XLMUSDT−0.171%+0.0100%8h$41.5M$36.2M75xas long as short
Bitget XLMUSDT−0.138%+0.0100%8h$24.5M$16.5M75xas long as short
Gate XLM_USDT−0.133%+0.0100%8h$3.8M$6.0M75xas long as short
OKX XLM-USDT-SWAP−0.128%+0.0100%8h$11.5M$35.5M50xas long as short
KuCoin XLMUSDTM−0.114%+0.0100%8h$14.1M$9.3M75xas long as short
Binance XLMUSDT−0.108%+0.0100%8h$52.4M$137.0M75xas long as short
MEXC XLM_USDT−0.105%+0.0100%8h$24.8M$23.2M300xas long as short
BingX XLM-USDC−0.105%+0.0100%8h—$6.6M—as long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack XLM_USDC_PERP−0.105%+0.0100%1h$105K$194K20xas long as short
gTrade (Gains Network) XLM/USD−0.101%L 0.0000% / S +0.0002%1h$10K—150xas long as short
Phemex XLMUSDT−0.100%+0.0100%8h$8.7M$8.9M50xas long as short
SoDEX XLM-USD−0.090%+0.0100%1h$1K$6K5xas long as short
Orderly PERP_XLM_USDC_mythos−0.076%+0.0100%4h$3K$2K10xas long as short
SunX XLM-USDT−0.076%+0.0100%8h$2K$1.7M20xas long as short
Kraken Futures PF_XLMUSD−0.061%+0.0141%1h$2.3M$2.1M50xas long as short
HTX XLM-USDT−0.057%+0.0100%8h$195K$251K20xas long as short
GMX XLM/USD [WBTC.b-USDC]−0.052%L +0.0180% / S +0.0027%1h$46K—100xas long as short
Deribit XLM_USDC-PERPETUALshort−0.029%+0.0274%1h$522K$143K25x
Lighter XLM−0.024%+0.0104%1h$446K$723K5xas long as short
Coinbase International XLM-PERP-INTX−0.010%+0.0384%1h$273K$1.4M50xas long as short
Hyperliquid XLMlong0.000%+0.0170%1h$11.2M$5.4M5x
dYdX XLM-USD+0.003%+0.0008%1h$24K$1K10xas long as short
Aster XLMUSDT+0.020%+0.0100%8h$580K$1.2M75xas long as short
edgeX XLMUSDC+0.027%+0.0100%4h$14K$288K10xas long as short
ApeX Omni XLMUSDT+0.029%+0.0100%1h$169K$243K50xas long as short
BloFin XLM-USDT+0.062%+0.0220%8h$2.2M$5.9M75xas long as short
Variational Omni XLM+0.218%+0.0100%8h$313K$691K—as long as short
Phoenix XLM+0.395%+0.0152%1h$13K$31K5xas long as short