Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.027%

Price spread now: GMX against BingX−0.083%7-day average — · you buy dearer than you sell

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

Long on BingX 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 0.083% cheaper against BingX than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 45 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	BingX XLM-USDC	0.2124	0.0100	pay 0.0100% / 8h	7h 57m	—	$6.7M	—
Short	GMX XLM/USD [WBTC.b-USDC]	0.2122	L +0.0518% / S −0.0247%	get 0.0031% / 1h	57m 35s	$39K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $30.79
Price spread: −0.083% → 0.000%: −$8.33
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $0.46
Costs to cover: 0.220%
Break-even: 6.9 days

Slippage unknown: BingX: 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 BingX live order book, 10 min ago	1.18 bp	17.3 bp −$17	107.2 bp −$1,072	853.0 bp −$85.3K	1101.4 bp −$550.7K
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
Phemex XLMUSDT	−0.1294%	8h	0.2122	−0.075%	$8.7M	$8.9M	50x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2122	−0.076%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.042%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2126	+0.099%	$366K	$916K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2124	+0.005%	$563K	$583K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2125	+0.023%	$55.0M	$159.8M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2123	−0.038%	$43.4M	$46.4M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2124	+0.014%	$12.1M	$45.0M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2123	−0.033%	$3.9M	$7.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2124	0.000%	$24.4M	$28.6M	300x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLMUSDTM	+0.0100%	8h	0.2124	−0.009%	$14.0M	$9.2M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2124	−0.014%	$25.6M	$22.9M	75x	as long as short
BingX XLM-USDClong	+0.0100%	8h	0.2124	long leg	—	$6.7M	—
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2122	−0.094%	$130K	$344K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2119	−0.230%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2118	−0.278%	$12K	$309K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2121	−0.127%	$591K	$570K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2118	−0.287%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2124	−0.005%	$3K	$247	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2122	−0.122%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2122	−0.089%	$578	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2123	−0.042%	$196K	$220K	20x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2124	+0.007%	$189K	$1.1M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2120	−0.202%	$2.3M	$5.4M	75x	as long as short
Phoenix XLM	+0.0264%	1h	0.2122	−0.108%	$4K	$50K	5x	as long as short
dYdX XLM-USD	+0.0306%	1h	0.2123	−0.067%	$23K	$2K	10x	as long as short
Coinbase International XLM-PERP-INTX	+0.0328%	1h	0.2121	−0.146%	$219K	$1.6M	50x	as long as short
Kraken Futures PF_XLMUSD	+0.0340%	1h	0.2123	−0.064%	$2.6M	$2.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]short	L +0.0518% / S −0.0247%	1h	0.2122	−0.083%	$39K	—	100x
Hyperliquid XLM	+0.0532%	1h	0.2124	−0.005%	$12.2M	$6.4M	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0928%	1h	0.2125	+0.061%	$527K	$156K	25x	as long as short