Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.031%

Price spread now: gTrade (Gains Network) against Binance+0.095%7-day average — · you sell dearer than you buy

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

Long on Binance Short on gTrade (Gains Network)

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.095% dearer against Binance than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XLMUSDT	0.2116	0.0100	pay 0.0100% / 8h	37m 50s	$54.3M	$160.9M	75x
Short	gTrade (Gains Network) XLM/USD	0.2118	L 0.0000% / S +0.0002%	pay 0.0000% / 1h	37m 50s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.095%Rate

Funding earned: −$21.41
Price spread: +0.095% → 0.000%: $9.53
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.88
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 5 min ago	0.23 bp	8.8 bp −$9	13.7 bp −$137	31.7 bp −$3,174	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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/USDshort	L 0.0000% / S +0.0002%	1h	0.2118	+0.095%	$4K	—	150x
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.437%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2121	+0.229%	$365K	$941K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2117	+0.063%	$562K	$595K	75x	as long as short
Binance XLMUSDTlong	+0.0100%	8h	0.2116	long leg	$54.3M	$160.9M	75x
Bybit XLMUSDT	+0.0100%	8h	0.2115	−0.050%	$42.9M	$46.7M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2115	−0.017%	$12.1M	$44.5M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2116	+0.026%	$3.9M	$7.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2116	−0.003%	$24.2M	$28.9M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2118	+0.092%	$14.0M	$9.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2115	−0.031%	$25.4M	$22.7M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2115	−0.021%	—	$7.3M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2127	+0.536%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2128	+0.577%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2127	+0.551%	$588K	$577K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2127	+0.546%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2119	+0.153%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2119	+0.163%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2119	+0.130%	$577	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2121	+0.262%	$195K	$231K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2118	+0.125%	$8.7M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2117	+0.049%	$190K	$1.4M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2124	+0.366%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0264%	1h	0.2129	+0.612%	$4K	$50K	5x	as long as short
Backpack XLM_USDC_PERP	+0.0276%	1h	0.2118	+0.087%	$129K	$346K	20x	as long as short
dYdX XLM-USD	+0.0320%	1h	0.2121	+0.264%	$23K	$2K	10x	as long as short
Coinbase International XLM-PERP-INTX	+0.0376%	1h	0.2118	+0.125%	$220K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2118	+0.093%	$39K	—	100x	as long as short
Kraken Futures PF_XLMUSD	+0.0550%	1h	0.2118	+0.123%	$2.6M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0576%	1h	0.2118	+0.097%	$12.1M	$6.4M	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0694%	1h	0.2120	+0.220%	$526K	$172K	25x	as long as short