Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.023%

Price spread now: GMX against KuCoin−0.110%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on GMX

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. GMX is 0.110% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XLMUSDTM	0.2125	0.0100	pay 0.0100% / 8h	3h 03m	$13.9M	$9.4M	75x
Short	GMX XLM/USD [WBTC.b-USDC]	0.2123	L +0.0518% / S −0.0247%	get 0.0031% / 1h	3m 55s	$39K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.110%Rate

Funding earned: $30.79
Price spread: −0.110% → 0.000%: −$10.96
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.17
Costs to cover: 0.240%
Break-even: 7.9 days

Slippage unknown: KuCoin: live order book, 10 min ago; GMX: 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 KuCoin live order book, 10 min ago	1.17 bp	16.5 bp −$17	36.9 bp −$369	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	0.2124	−0.080%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.009%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2128	+0.113%	$374K	$969K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2124	−0.058%	$564K	$624K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2125	−0.028%	$54.4M	$158.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2123	−0.085%	$43.0M	$46.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2124	−0.071%	$12.4M	$43.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2125	−0.028%	$4.1M	$7.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2125	−0.005%	$25.5M	$27.9M	300x	as long as short
KuCoin XLMUSDTMlong	+0.0100%	8h	0.2125	long leg	$13.9M	$9.4M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2124	−0.047%	$25.6M	$22.2M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2124	−0.052%	—	$7.4M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2125	−0.003%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2123	−0.113%	$12K	$306K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2128	+0.150%	$596K	$618K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2127	+0.066%	$170K	$265K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2124	−0.056%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2123	−0.094%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2124	−0.033%	$579	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2127	+0.061%	$196K	$250K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2125	−0.005%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2125	−0.028%	$190K	$1.8M	10x	as long as short
Hyperliquid XLM	+0.0176%	1h	0.2126	+0.053%	$12.2M	$6.4M	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0186%	1h	0.2126	+0.015%	$2.6M	$2.7M	50x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2125	+0.009%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0225%	1h	0.2127	+0.080%	$5K	$46K	5x	as long as short
dYdX XLM-USD	+0.0351%	1h	0.2124	−0.039%	$23K	$2K	10x	as long as short
Backpack XLM_USDC_PERP	+0.0377%	1h	0.2125	+0.009%	$127K	$294K	20x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2126	+0.052%	$244K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]short	L +0.0518% / S −0.0247%	1h	0.2123	−0.110%	$39K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.0927%	1h	0.2126	+0.047%	$527K	$162K	25x	as long as short