Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against gTrade (Gains Network)−0.168%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 0.168% 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XLM/USD	0.2113	L 0.0000% / S +0.0002%	pay 0.0000% / 1h	46m 58s	$4K	—	150x
Short	SunX XLM-USDT	0.2110	0.0100	get 0.0100% / 8h	5h 46m	$2K	$1.6M	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 −0.168%Rate

Funding earned: $20.92
Price spread: −0.168% → 0.000%: −$16.8
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: −$13.87
Costs to cover: 0.180%
Break-even: 11.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 8 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, 8 min ago	29.50 bp	76.3 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	0.2113	long leg	$4K	—	150x
Lighter XLM	+0.0096%	1h	0.2114	+0.050%	$356K	$900K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2113	−0.017%	$54.1M	$153.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2112	−0.050%	$42.7M	$45.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2112	−0.050%	$12.6M	$41.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2113	−0.040%	$4.1M	$6.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2114	+0.035%	$23.4M	$26.6M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2113	−0.017%	$14.0M	$9.9M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2114	+0.017%	$25.3M	$20.7M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2113	−0.026%	—	$7.0M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2113	−0.035%	$86K	$261K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2120	+0.314%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2117	+0.155%	$12K	$304K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2121	+0.363%	$587K	$598K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2117	+0.154%	$170K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2114	+0.026%	$3K	$2K	10x	as long as short
SunX XLM-USDTshort	+0.0100%	8h	0.2110	−0.168%	$2K	$1.6M	20x
SoDEX XLM-USD	+0.0100%	1h	0.2113	−0.031%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2116	+0.106%	$195K	$251K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2112	−0.059%	$8.9M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2113	0.000%	$189K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0107%	8h	0.2114	+0.011%	$562K	$624K	75x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2113	−0.021%	—	$4.9M	75x	as long as short
dYdX XLM-USD	+0.0227%	1h	0.2115	+0.095%	$23K	$2K	10x	as long as short
Phoenix XLM	+0.0264%	1h	0.2122	+0.428%	$5K	$46K	5x	as long as short
Hyperliquid XLM	+0.0393%	1h	0.2114	+0.045%	$12.2M	$6.2M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2115	+0.088%	$232K	$1.5M	50x	as long as short
Kraken Futures PF_XLMUSD	+0.0465%	1h	0.2113	−0.040%	$2.6M	$2.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0516% / S −0.0193%	1h	0.2113	−0.017%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0555%	1h	0.2114	+0.035%	$525K	$153K	25x	as long as short
Injective XLM/USDC PERP	+0.1081%	1h	0.2125	+0.546%	$683	$241K	12x	as long as short