Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against gTrade (Gains Network)−0.170%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 SunX

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. SunX is 0.170% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.170% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.7 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	0.2165	L 0.0000% / S +0.0002%	pay 0.0000% / 1h	0m 27s	$4K	—	150x
Short	SunX XLM-USDT	0.2161	0.0100	get 0.0100% / 8h	2h 00m	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.170%Rate

Funding earned: $20.92
Price spread: −0.170% → 0.000%: −$17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.07
Costs to cover: 0.180%
Break-even: 11.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	29.42 bp	76.0 bp −$76	doesn't fit	doesn't fit	doesn't fit

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/USDlong	L 0.0000% / S +0.0002%	1h	0.2165	long leg	$4K	—	150x
dYdX XLM-USD	+0.0007%	1h	0.2165	−0.016%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2164	−0.031%	$591K	$798K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2168	+0.138%	$56.3M	$147.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2169	+0.176%	$44.0M	$42.1M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2168	+0.126%	$13.1M	$41.5M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2165	−0.004%	$3.9M	$6.0M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2165	+0.015%	$25.7M	$25.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2165	−0.022%	$14.6M	$10.5M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2169	+0.195%	$26.0M	$18.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDT	+0.0100%	8h	0.2165	−0.018%	—	$7.0M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2166	+0.056%	$104K	$237K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2156	−0.401%	$239K	$1.1M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2160	−0.218%	$12K	$300K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2155	−0.448%	$599K	$610K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2156	−0.410%	$173K	$255K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2166	+0.042%	$3K	$2K	10x	as long as short
SunX XLM-USDTshort	+0.0100%	8h	0.2161	−0.170%	$2K	$1.7M	20x
SoDEX XLM-USD	+0.0100%	1h	0.2166	+0.033%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2163	−0.101%	$200K	$272K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2166	+0.042%	$9.1M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2165	−0.007%	$193K	$1.6M	10x	as long as short
Phoenix XLM	+0.0187%	1h	0.2163	−0.073%	$5K	$43K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2167	+0.075%	$2.4M	$6.3M	75x	as long as short
Injective XLM/USDC PERP	+0.0249%	1h	0.2156	−0.419%	$116	$185K	12x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0314% / S −0.0166%	1h	0.2166	+0.024%	$45K	—	100x	as long as short
Hyperliquid XLM	+0.0395%	1h	0.2171	+0.292%	$12.3M	$5.9M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2170	+0.246%	$231K	$1.5M	50x	as long as short
Kraken Futures PF_XLMUSD	+0.0545%	1h	0.2166	+0.065%	$2.6M	$2.6M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0812%	1h	0.2168	+0.153%	$538K	$170K	25x	as long as short
Lighter XLM	+0.0840%	1h	0.2170	+0.213%	$426K	$805K	5x	as long as short