Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.024%

Price spread now: GMX against BingX−0.074%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 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 0.074% cheaper against BingX than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 40 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-USDT	0.2127	0.0100	pay 0.0100% / 8h	1h 18m	—	$7.4M	—
Short	GMX XLM/USD [WBTC.b-USDC]	0.2126	L +0.0518% / S −0.0247%	get 0.0031% / 1h	18m 57s	$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 −0.074%Rate

Funding earned: $30.79
Price spread: −0.074% → 0.000%: −$7.38
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $1.41
Costs to cover: 0.220%
Break-even: 6.7 days

Slippage unknown: BingX: live order book, 4 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, 4 min ago	0.23 bp	6.8 bp −$7	9.7 bp −$97	18.6 bp −$1,857	104.6 bp −$52.3K
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	0.2126	−0.089%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.118%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2130	+0.127%	$368K	$946K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2130	+0.094%	$564K	$634K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2128	+0.045%	$54.7M	$162.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2127	−0.019%	$43.1M	$47.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2128	+0.009%	$12.2M	$44.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2127	−0.014%	$4.0M	$7.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2129	+0.047%	$25.0M	$29.2M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2127	−0.014%	$14.1M	$9.4M	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	0.2127	−0.014%	$25.5M	$23.0M	75x	as long as short
BingX XLM-USDTlong	+0.0100%	8h	0.2127	long leg	—	$7.4M	—
Variational Omni XLM	+0.0100%	8h	0.2125	−0.111%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2125	−0.137%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2124	−0.150%	$596K	$593K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2127	−0.047%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2127	−0.024%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2128	+0.014%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2127	0.000%	$580	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2129	+0.066%	$196K	$249K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2127	−0.033%	$8.7M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2128	+0.013%	$189K	$1.6M	10x	as long as short
Hyperliquid XLM	+0.0204%	1h	0.2130	+0.132%	$12.1M	$6.5M	5x	as long as short
dYdX XLM-USD	+0.0210%	1h	0.2127	−0.022%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2128	+0.033%	$2.3M	$5.6M	75x	as long as short
Backpack XLM_USDC_PERP	+0.0223%	1h	0.2128	+0.042%	$130K	$349K	20x	as long as short
Phoenix XLM	+0.0263%	1h	0.2128	+0.009%	$4K	$50K	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0331%	1h	0.2128	+0.011%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2125	−0.103%	$222K	$1.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]short	L +0.0518% / S −0.0247%	1h	0.2126	−0.074%	$39K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.0879%	1h	0.2129	+0.056%	$528K	$168K	25x	as long as short