Settings8H · net · $10k
Funding arb · Price arb /

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.4% APRpaid last 24h +0.008%
Price spread now: GMX against Bybit+0.002%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XLMUSDT0.21650.0100pay 0.0100% / 8h38m 09s$44.0M$43.9M75x
ShortGMX XLM/USD [WBTC.b-USDC]0.2165L +0.0316% / S −0.0167%get 0.0021% / 1h38m 09s$45K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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

Funding earned
$14.16
Price spread: +0.002% → 0.000%
$0.18
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee GMX: 6 bp × 2 orders
−$12
Net
−$8.65
Costs to cover
0.230%
Break-even
11.3 days
Slippage unknown: Bybit: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago2.31 bp7.8 bp −$813.7 bp −$13765.6 bp −$6,559doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XLM/USDC PERP−0.5000%1h0.2039−5.833%$5K$238K12xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2166+0.016%$4K150xas long as short
dYdX XLM-USD+0.0062%1h0.2165−0.030%$23K$3K10xas long as short
Aster XLMUSDT+0.0100%8h0.2169+0.168%$581K$752K75xas long as short
Binance XLMUSDT+0.0100%8h0.2166+0.042%$55.9M$150.8M75xas long as short
Bybit XLMUSDTlong+0.0100%8h0.2165long leg$44.0M$43.9M75x
OKX XLM-USDT-SWAP+0.0100%8h0.2166+0.014%$13.1M$41.8M50xas long as short
Gate XLM_USDT+0.0100%8h0.2165+0.009%$4.1M$6.2M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2166+0.037%$25.6M$26.0M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2166+0.023%$14.5M$10.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2166+0.018%$25.8M$19.3M75xas long as short
BingX XLM-USDT+0.0100%8h0.2166+0.023%$7.0Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2166+0.046%$94K$266K20xas long as short
Variational Omni XLM+0.0100%8h0.2168+0.135%$257K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2168+0.144%$12K$300K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2169+0.152%$600K$613K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2169+0.175%$174K$256K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2166+0.032%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2163−0.092%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2165+0.009%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2166+0.046%$200K$261K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2166+0.032%$9.1M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2165+0.007%$194K$1.6M10xas long as short
BloFin XLM-USDT+0.0220%8h0.2167+0.092%$2.3M$5.6M75xas long as short
Phoenix XLM+0.0222%1h0.2167+0.065%$5K$42K5xas long as short
GMX XLM/USD [WBTC.b-USDC]shortL +0.0316% / S −0.0167%1h0.2165+0.002%$45K100x
Kraken Futures PF_XLMUSD+0.0412%1h0.2166+0.013%$2.6M$2.6M50xas long as short
Coinbase International XLM-PERP-INTX+0.0448%1h0.2171+0.268%$234K$1.5M50xas long as short
Hyperliquid XLM+0.0525%1h0.2168+0.148%$12.3M$6.1M5xas long as short
Lighter XLM+0.0576%1h0.2170+0.199%$419K$809K5xas long as short
Deribit XLM_USDC-PERPETUAL+0.0766%1h0.2168+0.111%$538K$160K25xas long as short