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: edgeX against gTrade (Gains Network)−0.168%68s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.168% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.168% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.6 days of funding at the current rate (+$3 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XLM/USD	0.2119	L 0.0000% / S +0.0002%	pay 0.0000% / 1h	35m 44s	$4K	—	150x
Short	edgeX XLMUSDC	0.2115	0.0100	get 0.0050% / 4h	2h 35m	$11K	$302K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.168%Rate

Funding earned: $20.92
Price spread: −0.168% → 0.000%: −$16.77
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$14.84
Costs to cover: 0.190%
Break-even: 12.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 32 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 edgeX live order book, 32 min ago	1.62 bp	6.7 bp −$7	120.9 bp −$1,209	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
dYdX XLM-USD	0.0000%	1h	0.2120	+0.034%	$23K	$2K	10x	as long as short
gTrade (Gains Network) XLM/USDlong	L 0.0000% / S +0.0002%	1h	0.2119	long leg	$4K	—	150x
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.286%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2120	+0.055%	$358K	$898K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2120	+0.055%	$53.8M	$155.1M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2119	+0.003%	$42.6M	$46.3M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2119	+0.022%	$12.7M	$41.8M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2120	+0.036%	$4.0M	$6.6M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2120	+0.074%	$23.7M	$26.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2120	+0.064%	$14.1M	$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	0.2120	+0.031%	$25.1M	$20.6M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2120	+0.064%	—	$7.2M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2121	+0.088%	$88K	$263K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2119	+0.011%	$254K	$1.3M	—	as long as short
edgeX XLMUSDCshort	+0.0100%	4h	0.2115	−0.168%	$11K	$302K	10x
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2116	−0.155%	$592K	$613K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2115	−0.191%	$169K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2120	+0.050%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2114	−0.243%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2120	+0.069%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2117	−0.106%	$195K	$269K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2120	+0.055%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2120	+0.053%	$188K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0123%	8h	0.2119	−0.001%	$566K	$631K	75x	as long as short
Hyperliquid XLM	+0.0154%	1h	0.2122	+0.130%	$12.2M	$6.4M	5x	as long as short
Phoenix XLM	+0.0187%	1h	0.2116	−0.139%	$5K	$46K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2134	+0.720%	$2.3M	$5.2M	75x	as long as short
Kraken Futures PF_XLMUSD	+0.0382%	1h	0.2121	+0.081%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0440%	1h	0.2123	+0.206%	$233K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0516% / S −0.0193%	1h	0.2119	+0.006%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0835%	1h	0.2122	+0.130%	$527K	$150K	25x	as long as short