Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.4% APRpaid last 24h +0.009%

Price spread now: GMX against Bitget−0.078%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.078% cheaper against Bitget than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XLMUSDT	0.2175	0.0100	pay 0.0100% / 8h	54m 10s	$25.9M	$19.4M	75x
Short	GMX XLM/USD [WBTC.b-USDC]	0.2174	L +0.0317% / S −0.0167%	get 0.0021% / 1h	54m 10s	$45K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $14.16
Price spread: −0.078% → 0.000%: −$7.77
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$17.61
Costs to cover: 0.240%
Break-even: 15.7 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.46 bp	7.4 bp −$7	16.8 bp −$168	38.8 bp −$3,881	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
Injective XLM/USDC PERP	−0.5000%	1h	0.2038	−6.320%	$5K	$238K	12x	as long as short
dYdX XLM-USD	0.0000%	1h	0.2173	−0.123%	$24K	$3K	10x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2174	−0.087%	$4K	—	150x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2175	−0.037%	$583K	$785K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2176	+0.046%	$56.4M	$151.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2175	−0.018%	$44.3M	$44.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2175	−0.018%	$13.2M	$42.5M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2175	−0.028%	$4.1M	$6.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2176	+0.037%	$25.9M	$25.9M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2176	+0.014%	$14.6M	$10.6M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDTlong	+0.0100%	8h	0.2175	long leg	$25.9M	$19.4M	75x
BingX XLM-USDT	+0.0100%	8h	0.2175	−0.023%	—	$7.0M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2164	−0.519%	$256K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2164	−0.541%	$12K	$299K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2164	−0.524%	$599K	$633K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2164	−0.542%	$173K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2176	+0.023%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2173	−0.133%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2176	+0.014%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2175	−0.028%	$201K	$262K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2176	+0.014%	$9.2M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2176	+0.017%	$194K	$1.6M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0122%	1h	0.2171	−0.207%	$98K	$268K	20x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2170	−0.248%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0221%	1h	0.2163	−0.556%	$5K	$42K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]short	L +0.0317% / S −0.0167%	1h	0.2174	−0.078%	$45K	—	100x
Kraken Futures PF_XLMUSD	+0.0410%	1h	0.2176	+0.031%	$2.7M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0448%	1h	0.2177	+0.064%	$235K	$1.6M	50x	as long as short
Lighter XLM	+0.0592%	1h	0.2180	+0.193%	$421K	$809K	5x	as long as short
Hyperliquid XLM	+0.0614%	1h	0.2178	+0.109%	$12.4M	$6.1M	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0853%	1h	0.2178	+0.097%	$540K	$160K	25x	as long as short