Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.096%

Price spread now: Coinbase International against Orderly−0.426%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.426% cheaper against Orderly than usual: you would sell low and buy high (spread −0.426% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$43 on $10k: about 4.3 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XLM_USDC_mythos	0.2182	0.0100	pay 0.0050% / 4h	1h 47m	$3K	$2K	10x
Short	Coinbase International XLM-PERP-INTX	0.2173	0.0432	get 0.0054% / 1h	47m 37s	$231K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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

Position, each leg$Hold fordaysFee OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now −0.426%Rate

Funding earned: $69.72
Price spread: −0.426% → 0.000%: −$42.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $11.1
Costs to cover: 0.160%
Break-even: 5.9 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 1 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	4.35 bp	12.4 bp −$12	17.0 bp −$170	doesn't fit	doesn't fit

Orderly: 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 on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2181	−0.058%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0019%	1h	0.2181	−0.066%	$24K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2181	−0.047%	$593K	$799K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2182	−0.016%	$56.8M	$148.1M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2182	0.000%	$44.3M	$42.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2181	−0.064%	$13.3M	$41.8M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2181	−0.037%	$4.0M	$5.9M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2183	+0.027%	$26.1M	$25.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2182	−0.009%	$14.7M	$10.5M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2182	−0.018%	$26.1M	$18.6M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDC	+0.0100%	8h	0.2182	−0.009%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2164	−0.810%	$246K	$1.1M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2167	−0.705%	$12K	$299K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2170	−0.545%	$606K	$622K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2171	−0.509%	$174K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythoslong	+0.0100%	4h	0.2182	long leg	$3K	$2K	10x
SunX XLM-USDT	+0.0100%	8h	0.2177	−0.229%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2181	−0.041%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2179	−0.142%	$201K	$272K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2181	−0.046%	$9.2M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2182	0.000%	$195K	$1.6M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2176	−0.293%	$2.4M	$6.3M	75x	as long as short
Phoenix XLM	+0.0221%	1h	0.2173	−0.426%	$5K	$41K	5x	as long as short
Backpack XLM_USDC_PERP	+0.0320%	1h	0.2180	−0.069%	$103K	$253K	20x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0344% / S −0.0195%	1h	0.2180	−0.074%	$49K	—	100x	as long as short
Hyperliquid XLM	+0.0377%	1h	0.2183	+0.027%	$12.4M	$6.0M	5x	as long as short
Coinbase International XLM-PERP-INTXshort	+0.0432%	1h	0.2173	−0.426%	$231K	$1.5M	50x
Injective XLM/USDC PERP	+0.0475%	1h	0.2156	−1.192%	$116	$185K	12x	as long as short
Kraken Futures PF_XLMUSD	+0.0501%	1h	0.2182	−0.010%	$2.6M	$2.6M	50x	as long as short
Lighter XLM	+0.0656%	1h	0.2186	+0.188%	$430K	$805K	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0850%	1h	0.2183	+0.064%	$542K	$174K	25x	as long as short