Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against gTrade (Gains Network)−0.053%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 0.053% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 42 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	0.2129	L 0.0000% / S +0.0002%	pay 0.0000% / 1h	14m 10s	$4K	—	150x
Short	SunX XLM-USDT	0.2128	0.0100	get 0.0100% / 8h	3h 14m	$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 −0.053%Rate

Funding earned: $20.92
Price spread: −0.053% → 0.000%: −$5.26
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: −$2.34
Costs to cover: 0.180%
Break-even: 7.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 11 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, 11 min ago	29.45 bp	76.9 bp −$77	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	0.2129	long leg	$4K	—	150x
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.208%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2134	+0.196%	$375K	$969K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2131	+0.080%	$567K	$621K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2131	+0.084%	$54.7M	$158.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2130	+0.027%	$43.1M	$46.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2131	+0.055%	$12.5M	$43.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2130	+0.037%	$4.1M	$7.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2131	+0.065%	$25.7M	$27.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2130	+0.051%	$14.0M	$9.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2131	+0.079%	$25.7M	$22.0M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2130	+0.041%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2131	+0.080%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2135	+0.274%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2134	+0.205%	$598K	$618K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2135	+0.281%	$171K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2131	+0.074%	$3K	$2K	10x	as long as short
SunX XLM-USDTshort	+0.0100%	8h	0.2128	−0.053%	$2K	$1.6M	20x
SoDEX XLM-USD	+0.0100%	1h	0.2130	+0.032%	$580	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2131	+0.084%	$196K	$250K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2131	+0.065%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2130	+0.010%	$192K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0186%	1h	0.2131	+0.058%	$2.6M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0191%	1h	0.2132	+0.116%	$12.2M	$6.3M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2133	+0.154%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0225%	1h	0.2132	+0.140%	$5K	$46K	5x	as long as short
dYdX XLM-USD	+0.0313%	1h	0.2130	+0.007%	$23K	$2K	10x	as long as short
Backpack XLM_USDC_PERP	+0.0427%	1h	0.2131	+0.074%	$129K	$293K	20x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2135	+0.271%	$245K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0519% / S −0.0247%	1h	0.2129	−0.001%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0877%	1h	0.2132	+0.116%	$529K	$159K	25x	as long as short