Spread before costs (cost unknown: a leg has no order-book sample)−7.146%
7d average—if it closes, per $10,000$715funding while held, a day−$3.38
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XLM | 0.2117 | 0.0146 | pay 0.0018% / 1h | 8m 40s | $11.4M | $5.5M | 5x |
| Short | Injective XLM/USDC PERP | 0.1966 | 0.0033 | get 0.0004% / 1h | 8m 40s | $786 | $102K | 12x |
Hyperliquid XLM
Injective 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
- −$714.59
- Funding while held
- −$3.38
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$726.99
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0113%
- Per $10,000 a day
- −$3.38
- 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 Hyperliquid live order book, 5 min ago | 0.95 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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
Variational Omni0.2108+7.243%ApeX Omni0.2109+7.294%Phoenix0.2110+7.309%edgeX0.2110+7.318%SunX0.2111+7.386%HTX0.2113+7.467%Orderly0.2113+7.477%Phemex0.2113+7.482%Aster0.2113+7.487%SoDEX0.2113+7.487%Gate0.2113+7.492%GMX0.2113+7.495%Extended0.2113+7.497%gTrade (Gains Network)0.2114+7.503%BloFin0.2114+7.508%Kraken Futures0.2114+7.528%Backpack0.2114+7.533%Coinbase International0.2114+7.538%Deribit0.2115+7.569%BingX0.2115+7.579%Bitget0.2115+7.589%dYdX0.2115+7.591%Bybit0.2116+7.630%OKX0.2117+7.660%MEXC0.2117+7.665%KuCoin0.2117+7.670%Binance0.2117+7.671%
Variational Omni
ApeX Omni
Phoenix
SunX
HTX
Orderly
Phemex
Aster
SoDEX
Gate
GMX
Extended
gTrade (Gains Network)
BloFin
Kraken Futures
Backpack
Coinbase International
Deribit
BingX
Bitget
dYdX
Bybit
OKX
MEXC
KuCoin
BinanceHyperliquid0.2117+7.696%
Lighter0.2117+7.701%
LighterXLM on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERPshort | −7.146% | +0.0033% | 1h | $786 | $102K | 12x | |
| Variational Omni XLM | −0.420% | +0.0100% | 8h | $274K | $826K | — | as long as short |
| ApeX Omni XLMUSDT | −0.373% | +0.0100% | 1h | $169K | $243K | 50x | as long as short |
| Phoenix XLM | −0.359% | +0.0152% | 1h | $13K | $31K | 5x | as long as short |
| edgeX XLMUSDC | −0.351% | +0.0100% | 4h | $13K | $291K | 10x | as long as short |
| SunX XLM-USDT | −0.288% | +0.0100% | 8h | $2K | $1.7M | 20x | as long as short |
| HTX XLM-USDT | −0.213% | +0.0100% | 8h | $197K | $273K | 20x | as long as short |
| Orderly PERP_XLM_USDC_mythos | −0.203% | +0.0100% | 4h | $3K | $2K | 10x | as long as short |
| Phemex XLMUSDT | −0.198% | +0.0100% | 8h | $8.6M | $8.9M | 50x | as long as short |
| Aster XLMUSDT | −0.194% | +0.0100% | 8h | $588K | $1.2M | 75x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX XLM-USD | −0.194% | +0.0100% | 1h | $2K | $6K | 5x | as long as short |
| Gate XLM_USDT | −0.189% | +0.0100% | 8h | $3.8M | $6.2M | 75x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | −0.186% | L +0.0177% / S +0.0031% | 1h | $47K | — | 100x | as long as short |
| Extended XLM-USD | −0.185% | +0.0104% | 1h | $207K | $1.5M | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | −0.179% | L 0.0000% / S +0.0002% | 1h | $10K | — | 150x | as long as short |
| BloFin XLM-USDT | −0.175% | +0.0220% | 8h | $2.2M | $6.0M | 75x | as long as short |
| Kraken Futures PF_XLMUSD | −0.156% | +0.0140% | 1h | $2.4M | $2.1M | 50x | as long as short |
| Backpack XLM_USDC_PERP | −0.151% | +0.0100% | 1h | $99K | $206K | 20x | as long as short |
| Coinbase International XLM-PERP-INTX | −0.146% | +0.0384% | 1h | $268K | $1.4M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | −0.118% | +0.0697% | 1h | $525K | $143K | 25x | as long as short |
| BingX XLM-USDC | −0.109% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Bitget XLMUSDT | −0.099% | +0.0100% | 8h | $24.6M | $16.6M | 75x | as long as short |
| dYdX XLM-USD | −0.097% | +0.0051% | 1h | $24K | $1K | 10x | as long as short |
| Bybit XLMUSDT | −0.061% | +0.0100% | 8h | $41.8M | $36.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | −0.033% | +0.0100% | 8h | $11.5M | $35.9M | 50x | as long as short |
| MEXC XLM_USDT | −0.028% | +0.0100% | 8h | $25.7M | $24.5M | 300x | as long as short |
| KuCoin XLMUSDTM | −0.024% | +0.0100% | 8h | $14.4M | $9.4M | 75x | as long as short |
| Binance XLMUSDT | −0.023% | +0.0100% | 8h | $52.3M | $138.7M | 75x | as long as short |
| Hyperliquid XLMlong | 0.000% | +0.0146% | 1h | $11.4M | $5.5M | 5x | |
| Lighter XLM | +0.005% | +0.0096% | 1h | $448K | $744K | 5x | as long as short |