Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0300%/8h= −32.9% APRpaid last 24h −0.025%

Price spread now: BloFin against GMX+0.127%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 BloFin

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. BloFin is 0.127% dearer against GMX than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XLM/USD [WBTC.b-USDC]	0.2144	L +0.0520% / S −0.0247%	pay 0.0065% / 1h	44m 31s	$40K	—	100x
Short	BloFin XLM-USDT	0.2147	0.0220	get 0.0220% / 8h	3h 44m	$2.3M	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$63.06
Price spread: +0.127% → 0.000%: $12.69
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$74.37
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.23 bp	6.4 bp −$6	15.8 bp −$158	28.5 bp −$2,855	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	0.2144	+0.003%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.885%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2148	+0.192%	$377K	$969K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2146	+0.113%	$571K	$622K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2146	+0.103%	$55.0M	$156.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2145	+0.071%	$43.4M	$46.0M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2147	+0.118%	$12.6M	$43.2M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2145	+0.057%	$4.0M	$6.9M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2146	+0.090%	$24.0M	$26.9M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2145	+0.043%	$14.1M	$9.5M	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	0.2148	+0.169%	$26.0M	$21.9M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2147	+0.127%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2142	−0.087%	$256K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2144	−0.010%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2144	+0.020%	$601K	$618K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2143	−0.064%	$172K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2146	+0.094%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2142	−0.111%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2147	+0.127%	$585	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2143	−0.060%	$197K	$254K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2146	+0.085%	$9.1M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2146	+0.113%	$191K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0184%	1h	0.2147	+0.139%	$2.6M	$2.7M	50x	as long as short
dYdX XLM-USD	+0.0191%	1h	0.2146	+0.076%	$23K	$2K	10x	as long as short
Hyperliquid XLM	+0.0218%	1h	0.2148	+0.178%	$12.4M	$6.3M	5x	as long as short
BloFin XLM-USDTshort	+0.0220%	8h	0.2147	+0.127%	$2.3M	$5.3M	75x
Phoenix XLM	+0.0225%	1h	0.2145	+0.066%	$5K	$46K	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2148	+0.197%	$249K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]long	L +0.0520% / S −0.0247%	1h	0.2144	long leg	$40K	—	100x
Backpack XLM_USDC_PERP	+0.0680%	1h	0.2147	+0.141%	$128K	$293K	20x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.1102%	1h	0.2148	+0.188%	$533K	$154K	25x	as long as short