Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.067%

Price spread now: gTrade (Gains Network) against BloFin+0.031%110s7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.031% dearer against BloFin than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XLM-USDT	0.2160	0.0220	pay 0.0220% / 8h	7h 53m	$2.3M	$5.5M	75x
Short	gTrade (Gains Network) XLM/USD	0.2161	L 0.0000% / S +0.0002%	pay 0.0000% / 1h	53m 23s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.031%Rate

Funding earned: −$46.61
Price spread: +0.031% → 0.000%: $3.15
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$65.46
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: 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 BloFin live order book, 5 min ago	0.23 bp	6.2 bp −$6	9.2 bp −$92	22.0 bp −$2,202	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
Injective XLM/USDC PERP	−0.5000%	1h	0.2157	−0.134%	$736	$241K	12x	as long as short
gTrade (Gains Network) XLM/USDshort	L 0.0000% / S +0.0002%	1h	0.2161	+0.031%	$4K	—	150x
dYdX XLM-USD	+0.0078%	1h	0.2158	−0.104%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2162	+0.111%	$580K	$752K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2162	+0.076%	$55.7M	$151.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2161	+0.069%	$44.0M	$44.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2162	+0.079%	$13.1M	$41.8M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2159	−0.037%	$4.1M	$6.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2159	−0.042%	$24.8M	$26.1M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2158	−0.065%	$14.4M	$10.4M	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	0.2162	+0.097%	$25.6M	$19.4M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2161	+0.069%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2163	+0.153%	$284K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2161	+0.032%	$12K	$300K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2163	+0.132%	$598K	$604K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2160	0.000%	$173K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2162	+0.097%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2162	+0.116%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2160	+0.028%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2161	+0.042%	$199K	$256K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2160	+0.028%	$9.0M	$9.1M	50x	as long as short
Lighter XLM	+0.0104%	1h	0.2161	+0.046%	$399K	$836K	5x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2162	+0.088%	$193K	$1.6M	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0183%	1h	0.2161	+0.074%	$2.6M	$2.6M	50x	as long as short
BloFin XLM-USDTlong	+0.0220%	8h	0.2160	long leg	$2.3M	$5.5M	75x
Phoenix XLM	+0.0223%	1h	0.2162	+0.120%	$5K	$42K	5x	as long as short
Hyperliquid XLM	+0.0250%	1h	0.2161	+0.037%	$12.5M	$6.2M	5x	as long as short
Backpack XLM_USDC_PERP	+0.0251%	1h	0.2161	+0.051%	$89K	$269K	20x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0316% / S −0.0167%	1h	0.2161	+0.028%	$45K	—	100x	as long as short
Coinbase International XLM-PERP-INTX	+0.0448%	1h	0.2164	+0.176%	$229K	$1.5M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0676%	1h	0.2162	+0.097%	$537K	$161K	25x	as long as short