Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0426%/8h= −46.7% APRpaid last 24h −0.054%

Price spread now: OKX against GMX+0.113%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 OKX

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. OKX is 0.113% dearer against GMX than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XLM/USD [WBTC.b-USDC]	0.2130	L +0.0526% / S −0.0198%	pay 0.0066% / 1h	48m 22s	$45K	—	100x
Short	OKX XLM-USDT-SWAP	0.2133	0.0100	get 0.0100% / 8h	6h 48m	$12.8M	$41.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$89.52
Price spread: +0.113% → 0.000%: $11.27
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$100.26
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: 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 OKX live order book, 5 min ago	0.23 bp	12.4 bp −$12	24.3 bp −$243	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 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
dYdX XLM-USD	0.0000%	1h	0.2135	+0.196%	$23K	$2K	10x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2131	+0.023%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.253%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2135	+0.235%	$372K	$879K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2132	+0.084%	$54.2M	$153.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2132	+0.080%	$43.0M	$45.8M	75x	as long as short
OKX XLM-USDT-SWAPshort	+0.0100%	8h	0.2133	+0.113%	$12.8M	$41.7M	50x
Gate XLM_USDT	+0.0100%	8h	0.2132	+0.070%	$4.0M	$6.4M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2132	+0.080%	$24.2M	$26.4M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2132	+0.084%	$14.1M	$10.0M	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	0.2133	+0.122%	$25.4M	$20.4M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2132	+0.061%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2135	+0.202%	$89K	$263K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2127	−0.152%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2125	−0.253%	$11K	$302K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2130	−0.017%	$593K	$597K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2128	−0.099%	$171K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2133	+0.122%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2129	−0.061%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2133	+0.108%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2136	+0.258%	$197K	$269K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2134	+0.169%	$9.0M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2133	+0.128%	$190K	$1.7M	10x	as long as short
Aster XLMUSDT	+0.0139%	8h	0.2135	+0.202%	$570K	$631K	75x	as long as short
Hyperliquid XLM	+0.0150%	1h	0.2134	+0.153%	$12.3M	$6.4M	5x	as long as short
Phoenix XLM	+0.0187%	1h	0.2136	+0.282%	$5K	$46K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2134	+0.178%	$2.3M	$5.2M	75x	as long as short
Kraken Futures PF_XLMUSD	+0.0379%	1h	0.2133	+0.119%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0440%	1h	0.2135	+0.216%	$235K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]long	L +0.0526% / S −0.0198%	1h	0.2130	long leg	$45K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.0688%	1h	0.2134	+0.174%	$530K	$150K	25x	as long as short