data as of
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Price arb /

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−$33
spread now−0.072%7d average−0.070%fees + slippage, in and out−$33spread needed0.327%
Long on HyperliquidShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XLM0.20830.0119pay 0.0015% / 1h20m 31s$11.1M$5.3M5x
ShortPhemex XLMUSDT0.20810.0100get 0.0100% / 8h6h 20m$8.5M$8.7M50x

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
−$7.2
Funding while held
−$0.56
Slippage, 4 orders
−$11.73
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$40.5
Spread needed to break even
0.327%
Slippage from Hyperliquid: live order book, 3 min ago; Phemex: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0019%
Per $10,000 a day
−$0.56
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, 3 min ago0.72 bp6.4 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 5 min ago1.20 bp11.0 bp −$1118.0 bp −$180doesn't fitdoesn't fit

XLM price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1966cheapest
Phoenix0.2078+5.697%ApeX Omni0.2078+5.702%edgeX0.2079+5.731%dYdX0.2080+5.806%BingX0.2080+5.814%KuCoin0.2081+5.824%Aster0.2081+5.828%Gate0.2081+5.844%Bybit0.2081+5.849%OKX0.2081+5.849%Extended0.2081+5.851%MEXC0.2081+5.860%
Phemex0.2081+5.865%
Bitget0.2081+5.870%Variational Omni0.2082+5.884%Backpack0.2082+5.905%Binance0.2082+5.924%GMX0.2083+5.927%gTrade (Gains Network)0.2083+5.928%SoDEX0.2083+5.936%
Hyperliquid0.2083+5.941%
HTX0.2083+5.946%Orderly0.2083+5.951%BloFin0.2083+5.951%SunX0.2083+5.966%Kraken Futures0.2084+5.991%Lighter0.2084+6.027%Deribit0.2085+6.058%Coinbase International0.2086+6.124%

XLM on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XLM/USDC PERP−5.608%+0.0033%1h$786$77K12xas long as short
Phoenix XLM−0.230%+0.0231%1h$13K$31K5xas long as short
ApeX Omni XLMUSDT−0.226%+0.0100%1h$166K$244K50xas long as short
edgeX XLMUSDC−0.198%+0.0100%4h$11K$295K10xas long as short
dYdX XLM-USD−0.127%+0.0109%1h$24K$2K10xas long as short
BingX XLM-USDT−0.120%+0.0100%8h—$6.7M—as long as short
KuCoin XLMUSDTM−0.110%+0.0100%8h$14.0M$9.2M75xas long as short
Aster XLMUSDT−0.106%+0.0103%8h$579K$909K75xas long as short
Gate XLM_USDT−0.091%+0.0100%8h$3.8M$5.8M75xas long as short
Bybit XLMUSDT−0.086%+0.0100%8h$41.6M$37.3M75xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX XLM-USDT-SWAP−0.086%+0.0100%8h$11.6M$35.7M50xas long as short
Extended XLM-USD−0.085%+0.0104%1h$203K$1.5M10xas long as short
MEXC XLM_USDT−0.077%+0.0100%8h$23.6M$24.8M300xas long as short
Phemex XLMUSDTshort−0.072%+0.0100%8h$8.5M$8.7M50x
Bitget XLMUSDT−0.067%+0.0100%8h$24.5M$16.5M75xas long as short
Variational Omni XLM−0.054%+0.0100%8h$197K$922K—as long as short
Backpack XLM_USDC_PERP−0.034%+0.0100%1h$98K$204K20xas long as short
Binance XLMUSDT−0.016%+0.0100%8h$52.3M$137.3M75xas long as short
GMX XLM/USD [WBTC.b-USDC]−0.013%L +0.0168% / S +0.0040%1h$46K—100xas long as short
gTrade (Gains Network) XLM/USD−0.012%L 0.0000% / S +0.0002%1h$10K—150xas long as short
SoDEX XLM-USD−0.005%+0.0100%1h$2K$6K5xas long as short
Hyperliquid XLMlong0.000%+0.0119%1h$11.1M$5.3M5x
HTX XLM-USDT+0.005%+0.0100%8h$194K$268K20xas long as short
Orderly PERP_XLM_USDC_mythos+0.010%+0.0100%4h$3K$2K10xas long as short
BloFin XLM-USDT+0.010%+0.0220%8h$2.2M$5.9M75xas long as short
SunX XLM-USDT+0.024%+0.0100%8h$2K$1.6M20xas long as short
Kraken Futures PF_XLMUSD+0.047%+0.0184%1h$2.3M$2.0M50xas long as short
Lighter XLM+0.082%+0.0304%1h$429K$692K5xas long as short
Deribit XLM_USDC-PERPETUAL+0.110%+0.0950%1h$518K$151K25xas long as short
Coinbase International XLM-PERP-INTX+0.173%+0.0400%1h$260K$1.4M50xas long as short