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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against Phemex+0.107%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$300.304% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.135%+$13 on $10k
Price spread, last 3 days (all we have)−0.198%−$20 · spread now +0.107%, 7d avg −0.027%
Together, before fees−0.064%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.134% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XLMUSDT0.21660.0100pay 0.0100% / 8h38m 32s$9.1M$9.1M50x
ShortedgeX XLMUSDC0.21680.0100get 0.0050% / 4h38m 32s$12K$300K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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
$0
Price spread: +0.107% → −0.027%
$13.42
Slippage, 4 orders
−$9.41
Fee Phemex: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$17
Costs to cover
0.304%
Break-even
never at this rate
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 39 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 Phemex live order book, 5 min ago1.15 bp10.8 bp −$1117.5 bp −$175doesn't fitdoesn't fit
Sell edgeX live order book, 39 min ago1.39 bp6.3 bp −$688.4 bp −$884doesn'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
Injective XLM/USDC PERP−0.5000%1h0.2039−5.868%$5K$238K12xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2166−0.023%$4K150xas long as short
dYdX XLM-USD+0.0062%1h0.2165−0.067%$23K$3K10xas long as short
Aster XLMUSDT+0.0100%8h0.2168+0.095%$581K$752K75xas long as short
Binance XLMUSDT+0.0100%8h0.2168+0.092%$56.0M$150.8M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2167+0.042%$44.0M$43.9M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2167+0.046%$13.1M$41.8M50xas long as short
Gate XLM_USDT+0.0100%8h0.2165−0.046%$4.1M$6.2M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2167+0.037%$25.6M$26.0M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2165−0.051%$14.5M$10.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2167+0.060%$25.8M$19.3M75xas long as short
BingX XLM-USDC+0.0100%8h0.2166−0.018%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2165−0.028%$94K$266K20xas long as short
Variational Omni XLM+0.0100%8h0.2168+0.098%$257K$1.3Mas long as short
edgeX XLMUSDCshort+0.0100%4h0.2168+0.107%$12K$300K10x
GRVT XLM_USDT_Perp+0.0100%8h0.2169+0.115%$600K$613K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2169+0.138%$174K$256K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2166−0.005%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2164−0.106%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2166−0.018%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2167+0.032%$200K$260K20xas long as short
Phemex XLMUSDTlong+0.0100%8h0.2166long leg$9.1M$9.1M50x
Extended XLM-USD+0.0104%1h0.2166+0.016%$194K$1.6M10xas long as short
BloFin XLM-USDT+0.0220%8h0.2167+0.055%$2.3M$5.6M75xas long as short
Phoenix XLM+0.0222%1h0.2167+0.028%$5K$42K5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0316% / S −0.0167%1h0.2165−0.044%$45K100xas long as short
Kraken Futures PF_XLMUSD+0.0412%1h0.2166−0.022%$2.6M$2.6M50xas long as short
Coinbase International XLM-PERP-INTX+0.0448%1h0.2171+0.231%$234K$1.5M50xas long as short
Hyperliquid XLM+0.0527%1h0.2169+0.134%$12.3M$6.1M5xas long as short
Lighter XLM+0.0576%1h0.2170+0.180%$420K$809K5xas long as short
Deribit XLM_USDC-PERPETUAL+0.0766%1h0.2168+0.074%$538K$160K25xas long as short