Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0416%/8h= −45.6% APRpaid last 24h −0.056%

Price spread now: KuCoin against GMX+0.044%7-day average — · you sell dearer than you buy

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

Long on GMX Short on KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.044% dearer against GMX than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XLM/USD [WBTC.b-USDC]	0.2115	L +0.0516% / S −0.0193%	pay 0.0065% / 1h	48m 32s	$44K	—	100x
Short	KuCoin XLMUSDTM	0.2116	0.0100	get 0.0100% / 8h	5h 48m	$14.0M	$9.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GMX. 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 GMXbpFee KuCoinbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$87.38
Price spread: +0.044% → 0.000%: $4.4
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$106.98
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: 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 GMX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	1.42 bp	17.8 bp −$18	46.1 bp −$461	doesn't fit	doesn't fit

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 30 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	0.2115	+0.032%	$4K	—	150x	as long as short
Lighter XLM	+0.0096%	1h	0.2118	+0.148%	$356K	$900K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2118	+0.130%	$54.2M	$153.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2117	+0.091%	$42.8M	$45.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2117	+0.087%	$12.6M	$41.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2116	+0.049%	$4.1M	$6.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2119	+0.195%	$23.4M	$26.6M	300x	as long as short
KuCoin XLMUSDTMshort	+0.0100%	8h	0.2116	+0.044%	$14.0M	$9.9M	75x
Bitget XLMUSDT	+0.0100%	8h	0.2117	+0.091%	$25.3M	$20.7M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2117	+0.110%	—	$7.0M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2116	+0.072%	$87K	$262K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2120	+0.251%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2117	+0.111%	$12K	$303K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2121	+0.300%	$587K	$598K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2118	+0.172%	$170K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2116	+0.058%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2113	−0.074%	$2K	$1.6M	20x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2117	+0.096%	$195K	$251K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2116	+0.058%	$8.9M	$8.9M	50x	as long as short
SoDEX XLM-USD	+0.0104%	1h	0.2115	+0.035%	$2K	$6K	5x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2118	+0.136%	$189K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0108%	8h	0.2117	+0.115%	$563K	$624K	75x	as long as short
dYdX XLM-USD	+0.0248%	1h	0.2117	+0.086%	$23K	$2K	10x	as long as short
Phoenix XLM	+0.0264%	1h	0.2122	+0.366%	$5K	$46K	5x	as long as short
Hyperliquid XLM	+0.0360%	1h	0.2118	+0.157%	$12.2M	$6.2M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2119	+0.224%	$233K	$1.5M	50x	as long as short
Kraken Futures PF_XLMUSD	+0.0465%	1h	0.2116	+0.051%	$2.6M	$2.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]long	L +0.0516% / S −0.0193%	1h	0.2115	long leg	$44K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.0601%	1h	0.2116	+0.058%	$525K	$153K	25x	as long as short
Injective XLM/USDC PERP	+0.1081%	1h	0.2125	+0.484%	$683	$241K	12x	as long as short