Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0418%/8h= −45.8% APRpaid last 24h −0.064%

Price spread now: Binance against GMX+0.085%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 Binance

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. Binance is 0.085% dearer against GMX than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XLM/USD [WBTC.b-USDC]	0.2128	L +0.0518% / S −0.0247%	pay 0.0065% / 1h	5m 26s	$39K	—	100x
Short	Binance XLMUSDT	0.2130	0.0100	get 0.0100% / 8h	2h 05m	$54.7M	$162.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: −$87.79
Price spread: +0.085% → 0.000%: $8.46
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.33
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 8 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 Binance live order book, 8 min ago	0.24 bp	8.4 bp −$8	13.3 bp −$133	32.4 bp −$3,243	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
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2128	+0.015%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.146%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2133	+0.230%	$357K	$997K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2130	+0.082%	$564K	$634K	75x	as long as short
Binance XLMUSDTshort	+0.0100%	8h	0.2130	+0.085%	$54.7M	$162.3M	75x
Bybit XLMUSDT	+0.0100%	8h	0.2129	+0.023%	$43.1M	$47.6M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2129	+0.038%	$12.3M	$44.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2130	+0.094%	$4.0M	$7.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2130	+0.070%	$24.7M	$28.6M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2129	+0.056%	$13.9M	$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	0.2129	+0.023%	$25.6M	$23.0M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2129	+0.061%	—	$7.4M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2130	+0.095%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2131	+0.143%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2130	+0.075%	$590K	$602K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2130	+0.113%	$171K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2131	+0.136%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2129	+0.023%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2132	+0.174%	$581	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2132	+0.207%	$196K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2132	+0.179%	$8.8M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2130	+0.099%	$190K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0142%	1h	0.2132	+0.197%	$2.6M	$2.7M	50x	as long as short
Backpack XLM_USDC_PERP	+0.0157%	1h	0.2132	+0.202%	$132K	$315K	20x	as long as short
Hyperliquid XLM	+0.0201%	1h	0.2131	+0.125%	$12.1M	$6.6M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2132	+0.160%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2130	+0.113%	$4K	$49K	5x	as long as short
dYdX XLM-USD	+0.0237%	1h	0.2130	+0.087%	$23K	$2K	10x	as long as short
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2131	+0.122%	$223K	$1.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]long	L +0.0518% / S −0.0247%	1h	0.2128	long leg	$39K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.0970%	1h	0.2133	+0.244%	$529K	$167K	25x	as long as short