XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0145%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.023%

Price spread now: GMX against Backpack−0.047%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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 0.047% cheaper against Backpack than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XLM_USDC_PERP	0.2129	0.0100	pay 0.0013% / 1h	58m 18s	$120K	$307K	20x
Short	GMX XLM/USD [WBTC.b-USDC]	0.2128	L +0.0513% / S −0.0245%	get 0.0031% / 1h	58m 18s	$39K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $30.35
Price spread: −0.047% → 0.000%: −$4.65
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $3.7
Costs to cover: 0.220%
Break-even: 6.1 days

Slippage unknown: Backpack: live order book, 53 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 Backpack live order book, 53 min ago	1.18 bp	9.9 bp −$10	doesn't fit	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 exchanges

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	0.2125	−0.173%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.188%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2131	+0.099%	$373K	$803K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2128	−0.047%	$564K	$473K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2127	−0.100%	$55.0M	$147.1M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2126	−0.141%	$44.2M	$41.9M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2127	−0.117%	$12.3M	$43.0M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2126	−0.136%	$4.0M	$6.5M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2127	−0.099%	$24.6M	$27.1M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2127	−0.085%	$13.8M	$8.7M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2127	−0.117%	$26.2M	$21.6M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2127	−0.117%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERPlong	+0.0100%	1h	0.2129	long leg	$120K	$307K	20x
Variational Omni XLM	+0.0100%	8h	0.2125	−0.188%	$255K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2126	−0.125%	$12K	$311K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2132	+0.117%	$596K	$539K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2126	−0.132%	$170K	$251K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2126	−0.141%	$3K	$247	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2128	−0.052%	$1K	$1.4M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2127	−0.117%	$579	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2128	−0.042%	$191K	$244K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2129	+0.009%	$8.7M	$8.6M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2126	−0.150%	$190K	$609K	10x	as long as short
Phoenix XLM	+0.0150%	1h	0.2127	−0.103%	$4K	$46K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2129	+0.005%	$2.3M	$5.2M	75x	as long as short
Kraken Futures PF_XLMUSD	+0.0255%	1h	0.2126	−0.146%	$2.6M	$2.5M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0328%	1h	0.2130	+0.028%	$212K	$1.4M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]short	L +0.0513% / S −0.0245%	1h	0.2128	−0.047%	$39K	—	100x
dYdX XLM-USD	+0.0534%	1h	0.2130	+0.050%	$27K	$5K	10x	as long as short
Hyperliquid XLM	+0.0591%	1h	0.2130	+0.033%	$12.5M	$5.6M	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0644%	1h	0.2128	−0.052%	$527K	$103K	25x	as long as short