Funding you earn now, next payment 03:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.022%
Price spread now: GMX against Phemex+0.057%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.057% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XLMUSDT | 0.2141 | 0.0100 | pay 0.0100% / 8h | 5h 12m | $9.0M | $8.9M | 50x |
| Short | GMX XLM/USD [WBTC.b-USDC] | 0.2142 | L +0.0520% / S −0.0193% | get 0.0024% / 1h | 12m 33s | $44K | — | 100x |
Phemex XLMUSDT
GMX XLM/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $19.51
- Price spread: +0.057% → 0.000%
- $5.65
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $1.16
- Costs to cover
- 0.240%
- Break-even
- 6.6 days
Slippage unknown: Phemex: live order book, 6 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 Phemex live order book, 6 min ago | 2.57 bp | 8.6 bp −$9 | 16.2 bp −$162 | 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 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 | 0.2142 | +0.082% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2144 | +0.135% | $375K | $923K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2141 | +0.019% | $570K | $623K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2140 | −0.030% | $54.8M | $154.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2140 | −0.056% | $43.2M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2139 | −0.103% | $12.6M | $42.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2141 | 0.000% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2141 | +0.014% | $24.2M | $27.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2141 | +0.023% | $14.1M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2139 | −0.079% | $25.7M | $21.1M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2140 | −0.037% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2149 | +0.392% | $257K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2146 | +0.236% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2147 | +0.302% | $594K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2145 | +0.220% | $172K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2142 | +0.061% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2143 | +0.103% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2141 | +0.009% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2144 | +0.168% | $198K | $252K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2141 | long leg | $9.0M | $8.9M | 50x | |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2141 | −0.005% | $96K | $274K | 20x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2139 | −0.084% | $191K | $1.8M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2141 | +0.019% | $2.3M | $4.9M | 75x | as long as short |
| dYdX XLM-USD | +0.0221% | 1h | 0.2141 | −0.005% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2145 | +0.210% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0351% | 1h | 0.2141 | +0.009% | $12.4M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0459% | 1h | 0.2141 | 0.000% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2146 | +0.252% | $235K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC]short | L +0.0520% / S −0.0193% | 1h | 0.2142 | +0.057% | $44K | — | 100x | |
| Deribit XLM_USDC-PERPETUAL | +0.0591% | 1h | 0.2143 | +0.117% | $532K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −0.733% | $683 | $241K | 12x | as long as short |
BingX XLM-USDT
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Backpack XLM_USDC_PERP
Extended XLM-USD
BloFin XLM-USDT
dYdX XLM-USD
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP