Spread before costs (cost unknown: a leg has no order-book sample)+0.242%
7d average—if it closes, per $10,000$24funding while held, a day−$0.24
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XLM | 0.2110 | 0.0152 | pay 0.0019% / 1h | 8m 00s | $13K | $31K | 5x |
| Short | Hyperliquid XLM | 0.2115 | 0.0144 | get 0.0018% / 1h | 8m 00s | $11.3M | $5.5M | 5x |
Phoenix XLM
Hyperliquid XLMPrice 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
- $24.17
- Funding while held
- −$0.24
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $7.93
- Spread needed to break even
- 0.160%
Slippage unknown: Phoenix: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0008%
- Per $10,000 a day
- −$0.24
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 0.95 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: 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
SunX0.2107+7.197%Variational Omni0.2108+7.243%ApeX Omni0.2109+7.294%
Injective
SunX
Variational Omni
ApeX OmniPhoenix0.2110+7.309%
edgeX0.2110+7.318%BingX0.2112+7.431%Bitget0.2112+7.452%Gate0.2113+7.472%Backpack0.2113+7.487%KuCoin0.2113+7.492%BloFin0.2114+7.508%MEXC0.2114+7.513%Phemex0.2114+7.533%Bybit0.2114+7.543%Binance0.2114+7.544%
BingX
Bitget
Gate
Backpack
KuCoin
BloFin
MEXC
Phemex
Bybit
BinanceHyperliquid0.2115+7.569%
Aster0.2115+7.572%OKX0.2115+7.574%Orderly0.2115+7.579%SoDEX0.2115+7.579%GMX0.2115+7.584%dYdX0.2115+7.591%gTrade (Gains Network)0.2115+7.595%Extended0.2115+7.597%Lighter0.2116+7.620%Kraken Futures0.2116+7.623%HTX0.2116+7.630%Deribit0.2116+7.640%Coinbase International0.2117+7.655%
Aster
OKX
Orderly
SoDEX
GMX
dYdX
gTrade (Gains Network)
Extended
Lighter
Kraken Futures
HTX
Deribit
Coinbase InternationalXLM on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −6.811% | +0.0033% | 1h | $786 | $102K | 12x | as long as short |
| SunX XLM-USDT | −0.104% | +0.0100% | 8h | $2K | $1.7M | 20x | as long as short |
| Variational Omni XLM | −0.061% | +0.0100% | 8h | $274K | $826K | — | as long as short |
| ApeX Omni XLMUSDT | −0.014% | +0.0100% | 1h | $169K | $243K | 50x | as long as short |
| Phoenix XLMlong | 0.000% | +0.0152% | 1h | $13K | $31K | 5x | |
| edgeX XLMUSDC | +0.008% | +0.0100% | 4h | $13K | $291K | 10x | as long as short |
| BingX XLM-USDT | +0.114% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Bitget XLMUSDT | +0.133% | +0.0100% | 8h | $24.6M | $16.6M | 75x | as long as short |
| Gate XLM_USDT | +0.152% | +0.0100% | 8h | $3.8M | $6.2M | 75x | as long as short |
| Backpack XLM_USDC_PERP | +0.166% | +0.0100% | 1h | $99K | $206K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.171% | +0.0100% | 8h | $14.4M | $9.4M | 75x | as long as short |
| BloFin XLM-USDT | +0.185% | +0.0220% | 8h | $2.2M | $6.0M | 75x | as long as short |
| MEXC XLM_USDT | +0.190% | +0.0100% | 8h | $25.6M | $24.5M | 300x | as long as short |
| Phemex XLMUSDT | +0.209% | +0.0100% | 8h | $8.6M | $8.9M | 50x | as long as short |
| Bybit XLMUSDT | +0.218% | +0.0100% | 8h | $41.8M | $36.5M | 75x | as long as short |
| Binance XLMUSDT | +0.219% | +0.0100% | 8h | $52.3M | $138.8M | 75x | as long as short |
| Hyperliquid XLMshort | +0.242% | +0.0144% | 1h | $11.3M | $5.5M | 5x | |
| Aster XLMUSDT | +0.245% | +0.0100% | 8h | $589K | $1.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.246% | +0.0100% | 8h | $11.5M | $35.9M | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.251% | +0.0100% | 4h | $3K | $2K | 10x | as long as short |
| SoDEX XLM-USD | +0.251% | +0.0100% | 1h | $2K | $6K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | +0.256% | L +0.0177% / S +0.0031% | 1h | $47K | — | 100x | as long as short |
| dYdX XLM-USD | +0.263% | +0.0051% | 1h | $24K | $1K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | +0.266% | L 0.0000% / S +0.0002% | 1h | $10K | — | 150x | as long as short |
| Extended XLM-USD | +0.268% | +0.0104% | 1h | $207K | $1.5M | 10x | as long as short |
| Lighter XLM | +0.289% | +0.0096% | 1h | $448K | $744K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.292% | +0.0140% | 1h | $2.4M | $2.1M | 50x | as long as short |
| HTX XLM-USDT | +0.299% | +0.0100% | 8h | $197K | $273K | 20x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.308% | +0.0270% | 1h | $525K | $145K | 25x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.322% | +0.0384% | 1h | $268K | $1.4M | 50x | as long as short |