Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against gTrade (Gains Network)−0.038%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 Bitget

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. Bitget is 0.038% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 31 hours 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	0.2171	L 0.0000% / S +0.0002%	pay 0.0000% / 1h	43m 54s	$4K	—	150x
Short	Bitget XLMUSDT	0.2170	0.0100	get 0.0100% / 8h	43m 54s	$25.8M	$19.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.038%Rate

Funding earned: $20.92
Price spread: −0.038% → 0.000%: −$3.82
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.9
Costs to cover: 0.220%
Break-even: 8.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: 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 Bitget live order book, 5 min ago	0.46 bp	10.5 bp −$10	17.7 bp −$177	44.6 bp −$4,458	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
Injective XLM/USDC PERP	−0.5000%	1h	0.2047	−5.696%	$6K	$238K	12x	as long as short
gTrade (Gains Network) XLM/USDlong	L 0.0000% / S +0.0002%	1h	0.2171	long leg	$4K	—	150x
dYdX XLM-USD	+0.0010%	1h	0.2170	−0.043%	$24K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2171	+0.012%	$582K	$752K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2170	−0.048%	$56.0M	$151.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2169	−0.075%	$44.1M	$43.9M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2168	−0.103%	$13.2M	$41.9M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2170	−0.052%	$4.1M	$6.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2172	+0.059%	$25.8M	$26.0M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2170	−0.011%	$14.6M	$10.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDTshort	+0.0100%	8h	0.2170	−0.038%	$25.8M	$19.2M	75x
BingX XLM-USDT	+0.0100%	8h	0.2170	−0.047%	—	$7.0M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2175	+0.212%	$258K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2170	−0.015%	$12K	$301K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2171	−0.001%	$601K	$633K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2169	−0.075%	$174K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2171	+0.017%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2169	−0.075%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2171	+0.003%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2172	+0.040%	$200K	$261K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2171	+0.017%	$9.1M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2170	−0.049%	$194K	$1.6M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0106%	1h	0.2171	+0.012%	$94K	$266K	20x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2173	+0.123%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0222%	1h	0.2169	−0.061%	$5K	$42K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0316% / S −0.0167%	1h	0.2170	−0.012%	$45K	—	100x	as long as short
Kraken Futures PF_XLMUSD	+0.0411%	1h	0.2171	+0.019%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0448%	1h	0.2169	−0.057%	$233K	$1.5M	50x	as long as short
Hyperliquid XLM	+0.0544%	1h	0.2173	+0.100%	$12.4M	$6.1M	5x	as long as short
Lighter XLM	+0.0600%	1h	0.2174	+0.160%	$420K	$809K	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0763%	1h	0.2173	+0.109%	$539K	$160K	25x	as long as short