Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0420%/8h= −45.9% APRpaid last 24h −0.056%

Price spread now: SunX against GMX+0.046%7-day average — · you sell dearer than you buy

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

Long on GMX 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

The price spread pays, funding is against you. SunX is 0.046% dearer against GMX than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XLM/USD [WBTC.b-USDC]	0.2142	L +0.0520% / S −0.0193%	pay 0.0065% / 1h	12m 32s	$44K	—	100x
Short	SunX XLM-USDT	0.2143	0.0100	get 0.0100% / 8h	5h 12m	$2K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GMX. 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 GMXbpFee SunXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$88.11
Price spread: +0.046% → 0.000%: $4.62
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$103.49
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SunX: live order book, 13 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 GMX no order-book sample	—	—	—	—	—
Sell SunX live order book, 13 min ago	29.35 bp	76.8 bp −$77	doesn't fit	doesn't fit	doesn't fit

GMX: 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/USD	L 0.0000% / S +0.0002%	1h	0.2142	+0.026%	$4K	—	150x	as long as short
Lighter XLM	+0.0096%	1h	0.2144	+0.079%	$375K	$923K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2141	−0.038%	$570K	$623K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2140	−0.087%	$54.8M	$154.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2140	−0.113%	$43.2M	$45.7M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2139	−0.159%	$12.6M	$42.2M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2141	−0.056%	$4.1M	$6.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2141	−0.042%	$24.2M	$27.1M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2141	−0.033%	$14.1M	$9.9M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2139	−0.136%	$25.7M	$21.1M	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	0.2140	−0.094%	—	$7.0M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2149	+0.335%	$257K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2146	+0.180%	$12K	$305K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2147	+0.245%	$594K	$585K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2145	+0.163%	$172K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2142	+0.004%	$3K	$2K	10x	as long as short
SunX XLM-USDTshort	+0.0100%	8h	0.2143	+0.046%	$2K	$1.6M	20x
SoDEX XLM-USD	+0.0100%	1h	0.2141	−0.047%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2144	+0.112%	$198K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2141	−0.056%	$9.0M	$8.9M	50x	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2141	−0.061%	$96K	$274K	20x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2139	−0.141%	$191K	$1.8M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2141	−0.038%	$2.3M	$4.9M	75x	as long as short
dYdX XLM-USD	+0.0221%	1h	0.2141	−0.061%	$23K	$2K	10x	as long as short
Phoenix XLM	+0.0264%	1h	0.2145	+0.154%	$5K	$46K	5x	as long as short
Hyperliquid XLM	+0.0351%	1h	0.2141	−0.047%	$12.4M	$6.2M	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0459%	1h	0.2141	−0.056%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2146	+0.196%	$235K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]long	L +0.0520% / S −0.0193%	1h	0.2142	long leg	$44K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.0591%	1h	0.2143	+0.060%	$532K	$153K	25x	as long as short
Injective XLM/USDC PERP	+0.1081%	1h	0.2125	−0.789%	$683	$241K	12x	as long as short