Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.031%

Price spread now: gTrade (Gains Network) against SunX+0.058%7-day average — · you sell dearer than you buy

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

Long on SunX 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 0.058% dearer against SunX than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XLM-USDT	0.2161	0.0100	pay 0.0100% / 8h	1h 27m	$2K	$1.7M	20x
Short	gTrade (Gains Network) XLM/USD	0.2163	L 0.0000% / S +0.0002%	pay 0.0000% / 1h	27m 13s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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 SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.058%Rate

Funding earned: −$21.41
Price spread: +0.058% → 0.000%: $5.78
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.63
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 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 SunX live order book, 8 min ago	29.45 bp	47.8 bp −$48	doesn't fit	doesn't fit	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	0.2163	+0.058%	$4K	—	150x
dYdX XLM-USD	+0.0013%	1h	0.2161	−0.034%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2163	+0.083%	$586K	$804K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2164	+0.134%	$56.2M	$151.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2164	+0.120%	$44.0M	$43.8M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2163	+0.079%	$13.1M	$42.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2164	+0.102%	$4.1M	$6.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2164	+0.125%	$26.1M	$26.3M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2164	+0.116%	$14.6M	$10.6M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2164	+0.120%	$25.8M	$19.1M	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-USDC	+0.0100%	8h	0.2164	+0.106%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2160	−0.054%	$297K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2161	−0.026%	$12K	$298K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2165	+0.153%	$600K	$617K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2164	+0.120%	$173K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2165	+0.167%	$3K	$2K	10x	as long as short
SunX XLM-USDTlong	+0.0100%	8h	0.2161	long leg	$2K	$1.7M	20x
SoDEX XLM-USD	+0.0100%	1h	0.2164	+0.134%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2163	+0.065%	$200K	$272K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2165	+0.167%	$9.1M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2165	+0.164%	$193K	$1.6M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0188%	1h	0.2164	+0.139%	$102K	$261K	20x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2165	+0.148%	$2.4M	$6.0M	75x	as long as short
Phoenix XLM	+0.0221%	1h	0.2162	+0.009%	$5K	$41K	5x	as long as short
Hyperliquid XLM	+0.0316%	1h	0.2166	+0.227%	$12.3M	$6.1M	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0316% / S −0.0167%	1h	0.2163	+0.068%	$45K	—	100x	as long as short
Coinbase International XLM-PERP-INTX	+0.0432%	1h	0.2164	+0.106%	$233K	$1.5M	50x	as long as short
Lighter XLM	+0.0448%	1h	0.2168	+0.301%	$419K	$812K	5x	as long as short
Injective XLM/USDC PERP	+0.0475%	1h	0.2035	−5.848%	$5K	$238K	12x	as long as short
Kraken Futures PF_XLMUSD	+0.0505%	1h	0.2166	+0.200%	$2.6M	$2.7M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0582%	1h	0.2167	+0.236%	$538K	$176K	25x	as long as short