Settings8H · net · $10k
Funding arb · Price arb /

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.091%
Price spread now: Coinbase International against KuCoin+0.194%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$550.548% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.239%+$24 on $10k
Price spread, last 4 days (all we have)−0.235%−$24 · spread now +0.194%, 7d avg +0.073%
Together, before fees+0.004%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.121% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.073%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XLMUSDTM0.21130.0100pay 0.0100% / 8h7h 36m$13.9M$9.1M75x
ShortCoinbase International XLM-PERP-INTX0.21170.0328get 0.0041% / 1h36m 29s$215K$1.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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

Funding earned
$47.88
Price spread: +0.194% → +0.073%
$12.07
Slippage, 4 orders
−$32.76
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$5.2
Costs to cover
0.548%
Break-even
6.2 days
Slippage from KuCoin: live order book, 2 min ago; Coinbase International: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago1.65 bp16.8 bp −$1731.4 bp −$314doesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago2.60 bp10.0 bp −$1015.3 bp −$153doesn't fitdoesn't fit

XLM on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2116+0.141%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125+0.577%$683$241K12xas long as short
Lighter XLM+0.0096%1h0.2116+0.151%$365K$917K5xas long as short
Aster XLMUSDT+0.0100%8h0.2115+0.090%$560K$583K75xas long as short
Binance XLMUSDT+0.0100%8h0.2114+0.038%$55.0M$160.9M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2112−0.038%$43.6M$46.5M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2113−0.005%$12.1M$44.9M50xas long as short
Gate XLM_USDT+0.0100%8h0.2112−0.019%$3.9M$7.3M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2114+0.038%$24.5M$28.9M300xas long as short
KuCoin XLMUSDTMlong+0.0100%8h0.2113long leg$13.9M$9.1M75x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2112−0.024%$25.5M$23.0M75xas long as short
BingX XLM-USDC+0.0100%8h0.21130.000%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2116+0.170%$129K$344K20xas long as short
Variational Omni XLM+0.0100%8h0.2112−0.031%$252K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2114+0.073%$12K$308K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2113+0.033%$589K$551K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2113+0.028%$169K$265K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2117+0.199%$3K$24710xas long as short
SunX XLM-USDT+0.0100%8h0.2115+0.090%$2K$1.6M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2116+0.142%$576$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2117+0.204%$195K$218K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2116+0.170%$8.7M$8.8M50xas long as short
Extended XLM-USD+0.0104%1h0.2113−0.007%$188K$925K10xas long as short
BloFin XLM-USDT+0.0220%8h0.2117+0.194%$2.3M$5.4M75xas long as short
Phoenix XLM+0.0226%1h0.2117+0.185%$4K$56K5xas long as short
Coinbase International XLM-PERP-INTXshort+0.0328%1h0.2117+0.194%$215K$1.6M50x
Kraken Futures PF_XLMUSD+0.0341%1h0.2116+0.162%$2.5M$2.6M50xas long as short
Hyperliquid XLM+0.0462%1h0.2116+0.142%$12.1M$6.3M5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0516% / S −0.0247%1h0.2116+0.147%$39K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.0790%1h0.2118+0.241%$525K$148K25xas long as short
dYdX XLM-USD+0.0917%1h0.2113−0.010%$23K$2K10xas long as short