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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.5100%/8h= −558.5% APRnext payment $6.38 per $10,000 · paid last 24h −0.005%
Price spread now: Injective against SoDEX+0.293%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 0.293% dearer against SoDEX than usual: you sell high and buy low (spread +0.293% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$153 a day in funding at the current rate, which eats that in about 5 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XLM-USD0.21510.0100pay 0.0013% / 1h14m 29s$2K$6K5x
ShortInjective XLM/USDC PERP0.2157−0.5000pay 0.0625% / 1h14m 29s$736$241K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against SoDEX. 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
−$1,071
Price spread: +0.293% → 0.000%
$29.29
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$1,049.73
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: SoDEX: no order-book sample; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Injective no order-book sample
SoDEX and Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XLM/USDC PERPshort−0.5000%1h0.2157+0.293%$736$241K12x
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2151−0.003%$4K150xas long as short
dYdX XLM-USD+0.0092%1h0.2150−0.037%$23K$3K10xas long as short
Aster XLMUSDT+0.0100%8h0.2153+0.106%$577K$752K75xas long as short
Binance XLMUSDT+0.0100%8h0.2150−0.033%$55.5M$151.1M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2149−0.079%$43.6M$44.0M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2149−0.098%$13.0M$41.6M50xas long as short
Gate XLM_USDT+0.0100%8h0.2150−0.037%$4.1M$6.3M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2151+0.019%$24.9M$26.3M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2150−0.023%$14.4M$10.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2149−0.074%$25.5M$19.3M75xas long as short
BingX XLM-USDT+0.0100%8h0.2150−0.042%$7.0Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2150−0.019%$89K$270K20xas long as short
Variational Omni XLM+0.0100%8h0.2154+0.162%$253K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2153+0.100%$12K$302K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2156+0.247%$596K$613K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2153+0.112%$173K$257K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2152+0.060%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2151+0.014%$2K$1.7M20xas long as short
SoDEX XLM-USDlong+0.0100%1h0.2151long leg$2K$6K5x
HTX XLM-USDT+0.0100%8h0.2151+0.033%$199K$261K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2152+0.051%$9.0M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2149−0.086%$193K$1.6M10xas long as short
BloFin XLM-USDT+0.0220%8h0.2152+0.037%$2.3M$5.6M75xas long as short
Phoenix XLM+0.0222%1h0.2154+0.139%$5K$42K5xas long as short
Lighter XLM+0.0304%1h0.2153+0.107%$401K$829K5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0315% / S −0.0167%1h0.2151+0.010%$45K100xas long as short
Hyperliquid XLM+0.0365%1h0.2152+0.065%$12.3M$6.2M5xas long as short
Kraken Futures PF_XLMUSD+0.0414%1h0.2151+0.023%$2.6M$2.6M50xas long as short
Coinbase International XLM-PERP-INTX+0.0448%1h0.2155+0.177%$230K$1.5M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0680%1h0.2153+0.102%$534K$159K25xas long as short