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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0981%/8h= +107.4% APRpaid last 24h −0.131%
Price spread now: Injective against SunX+0.768%7-day average −0.295% · 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 7 days−0.245%−$24 on $10k
Price spread, last 3 days (all we have)−0.883%−$88 · spread now +0.768%, 7d avg −0.295%
Together, before fees−1.128%−$113 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Injective is 1.064% dearer against SunX than usual: you sell high and buy low: +$106 more if the spread goes back to its 7-day average of −0.295%. Mind the row above: over the last 7 days funding on this pair cost −0.245%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.245% in total (about -12.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XLM-USDT0.21090.0100pay 0.0100% / 8h5h 54m$2K$1.6M20x
ShortInjective XLM/USDC PERP0.21250.1081get 0.0135% / 1h54m 48s$683$241K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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
$205.99
Price spread: +0.768% → −0.295%
$106.36
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$304.33
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: SunX: live order book, 10 min ago; 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 SunX live order book, 10 min ago29.40 bp47.8 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample
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 30 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%1h0.2110+0.049%$4K150xas long as short
Lighter XLM+0.0096%1h0.2115+0.280%$356K$900K5xas long as short
Binance XLMUSDT+0.0100%8h0.2114+0.227%$53.9M$153.3M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2112+0.138%$42.7M$45.7M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2112+0.142%$12.5M$41.3M50xas long as short
Gate XLM_USDT+0.0100%8h0.2114+0.237%$4.1M$6.7M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2113+0.190%$23.2M$26.6M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2113+0.190%$14.0M$9.9M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2112+0.161%$25.3M$20.7M75xas long as short
BingX XLM-USDT+0.0100%8h0.2114+0.247%$7.1Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack XLM_USDC_PERP+0.0100%1h0.2113+0.199%$87K$261K20xas long as short
Variational Omni XLM+0.0100%8h0.2120+0.538%$253K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2112+0.129%$12K$302K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2114+0.265%$585K$617K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2110+0.062%$169K$256K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2111+0.104%$3K$2K10xas long as short
SunX XLM-USDTlong+0.0100%8h0.2109long leg$2K$1.6M20x
HTX XLM-USDT+0.0100%8h0.2116+0.360%$195K$251K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2112+0.166%$8.9M$8.9M50xas long as short
SoDEX XLM-USD+0.0103%1h0.2112+0.128%$2K$6K5xas long as short
Extended XLM-USD+0.0104%1h0.2114+0.241%$188K$1.8M10xas long as short
Aster XLMUSDT+0.0108%8h0.2114+0.227%$565K$623K75xas long as short
Phoenix XLM+0.0187%1h0.2113+0.204%$5K$46K5xas long as short
Hyperliquid XLM+0.0272%1h0.2114+0.266%$12.2M$6.1M5xas long as short
dYdX XLM-USD+0.0332%1h0.2112+0.132%$23K$2K10xas long as short
Coinbase International XLM-PERP-INTX+0.0464%1h0.2119+0.474%$233K$1.5M50xas long as short
Kraken Futures PF_XLMUSD+0.0465%1h0.2112+0.154%$2.6M$2.7M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0516% / S −0.0193%1h0.2110+0.049%$44K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.0603%1h0.2112+0.138%$524K$153K25xas long as short
Injective XLM/USDC PERPshort+0.1081%1h0.2125+0.768%$683$241K12x