Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.022%

Price spread now: GMX against Variational Omni−0.144%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.144% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XLM	0.2132	0.0100	pay 0.0100% / 8h	6h 24m	$255K	$1.3M	—
Short	GMX XLM/USD [WBTC.b-USDC]	0.2129	L +0.0517% / S −0.0193%	get 0.0024% / 1h	24m 20s	$44K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $19.51
Price spread: −0.144% → 0.000%: −$14.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$6.88
Costs to cover: 0.120%
Break-even: 9.5 days

Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 5 min ago	7.06 bp	doesn't fit	11.8 bp −$118	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 30 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	0.2129	−0.136%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.335%	$683	$241K	12x	as long as short
dYdX XLM-USD	+0.0052%	1h	0.2129	−0.160%	$23K	$2K	10x	as long as short
Lighter XLM	+0.0096%	1h	0.2132	−0.021%	$360K	$906K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2131	−0.064%	$54.0M	$154.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2130	−0.124%	$42.9M	$46.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2130	−0.082%	$12.7M	$42.0M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2130	−0.120%	$4.1M	$6.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2131	−0.073%	$23.9M	$26.9M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2131	−0.063%	$14.1M	$10.0M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2130	−0.082%	$25.5M	$20.7M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2130	−0.087%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2131	−0.035%	$89K	$262K	20x	as long as short
Variational Omni XLMlong	+0.0100%	8h	0.2132	long leg	$255K	$1.3M	—
edgeX XLMUSDC	+0.0100%	4h	0.2129	−0.144%	$11K	$302K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2130	−0.112%	$596K	$611K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2122	−0.471%	$170K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2130	−0.101%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2130	−0.110%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2132	−0.007%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2132	−0.026%	$197K	$262K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2132	−0.007%	$8.9M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2129	−0.142%	$191K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0132%	8h	0.2131	−0.042%	$570K	$621K	75x	as long as short
Phoenix XLM	+0.0187%	1h	0.2134	+0.096%	$5K	$46K	5x	as long as short
Hyperliquid XLM	+0.0246%	1h	0.2132	+0.007%	$12.3M	$6.3M	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0380%	1h	0.2132	−0.004%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0440%	1h	0.2133	+0.026%	$233K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]short	L +0.0517% / S −0.0193%	1h	0.2129	−0.144%	$44K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.0735%	1h	0.2134	+0.077%	$530K	$149K	25x	as long as short