Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against gTrade (Gains Network)−0.238%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on MEXC

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

Funding pays, the price is against you. MEXC is 0.238% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.238% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 8.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XLM/USD	0.2115	L 0.0000% / S +0.0002%	pay 0.0000% / 1h	40m 36s	$4K	—	150x
Short	MEXC XLM_USDT	0.2110	0.0100	get 0.0100% / 8h	6h 40m	$23.8M	$26.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.238%Rate

Funding earned: $20.92
Price spread: −0.238% → 0.000%: −$23.78
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.86
Costs to cover: 0.100%
Break-even: 11.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.23 bp	2.9 bp −$3	15.2 bp −$152	39.8 bp −$3,977	92.7 bp −$46.4K

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
dYdX XLM-USD	0.0000%	1h	0.2108	−0.338%	$23K	$2K	10x	as long as short
gTrade (Gains Network) XLM/USDlong	L 0.0000% / S +0.0002%	1h	0.2115	long leg	$4K	—	150x
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.481%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2110	−0.233%	$360K	$890K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2108	−0.340%	$53.5M	$154.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2106	−0.432%	$42.3M	$46.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2107	−0.394%	$12.6M	$41.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2110	−0.205%	$4.0M	$6.5M	75x	as long as short
MEXC XLM_USDTshort	+0.0100%	8h	0.2110	−0.238%	$23.8M	$26.6M	300x
KuCoin XLMUSDTM	+0.0100%	8h	0.2109	−0.261%	$14.0M	$10.0M	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	0.2109	−0.266%	$25.1M	$20.6M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2109	−0.261%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2115	+0.032%	$88K	$263K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2115	+0.016%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2125	+0.504%	$12K	$301K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2126	+0.520%	$595K	$612K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2124	+0.429%	$170K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2116	+0.055%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2113	−0.068%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2116	+0.055%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2116	+0.046%	$195K	$269K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2115	+0.013%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2109	−0.263%	$190K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0120%	8h	0.2111	−0.164%	$564K	$630K	75x	as long as short
Hyperliquid XLM	+0.0132%	1h	0.2114	−0.035%	$12.2M	$6.4M	5x	as long as short
Phoenix XLM	+0.0187%	1h	0.2126	+0.528%	$5K	$46K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2134	+0.916%	$2.3M	$5.2M	75x	as long as short
Kraken Futures PF_XLMUSD	+0.0382%	1h	0.2116	+0.063%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0440%	1h	0.2115	+0.032%	$229K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0524% / S −0.0198%	1h	0.2115	−0.005%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0743%	1h	0.2117	+0.098%	$525K	$150K	25x	as long as short