Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0417%/8h= −45.6% APRpaid last 24h −0.054%

Price spread now: Gate against GMX+0.043%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 Gate

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. Gate is 0.043% dearer against GMX than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XLM/USD [WBTC.b-USDC]	0.2123	L +0.0517% / S −0.0193%	pay 0.0065% / 1h	19m 10s	$44K	—	100x
Short	Gate XLM_USDT	0.2124	0.0100	get 0.0100% / 8h	6h 19m	$4.1M	$6.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.043%Rate

Funding earned: −$87.55
Price spread: +0.043% → 0.000%: $4.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.26
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: 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 Gate live order book, 4 min ago	2.82 bp	16.8 bp −$17	35.1 bp −$351	doesn't fit	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 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	0.2124	+0.020%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.085%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2127	+0.203%	$359K	$906K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2127	+0.170%	$53.9M	$155.1M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2126	+0.114%	$42.8M	$46.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2126	+0.132%	$12.7M	$41.9M	50x	as long as short
Gate XLM_USDTshort	+0.0100%	8h	0.2124	+0.043%	$4.1M	$6.7M	75x
MEXC XLM_USDT	+0.0100%	8h	0.2125	+0.066%	$23.7M	$27.0M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2124	+0.062%	$14.1M	$10.0M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2126	+0.137%	$25.4M	$20.7M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDT	+0.0100%	8h	0.2124	+0.057%	—	$7.1M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2125	+0.095%	$88K	$262K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2128	+0.232%	$255K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2130	+0.337%	$12K	$303K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2134	+0.523%	$597K	$611K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2129	+0.274%	$171K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2126	+0.132%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2122	−0.042%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2126	+0.142%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2125	+0.109%	$196K	$262K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2127	+0.170%	$8.9M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2125	+0.098%	$192K	$1.8M	10x	as long as short
dYdX XLM-USD	+0.0124%	1h	0.2124	+0.033%	$23K	$2K	10x	as long as short
Aster XLMUSDT	+0.0127%	8h	0.2126	+0.150%	$569K	$622K	75x	as long as short
Phoenix XLM	+0.0187%	1h	0.2135	+0.542%	$5K	$46K	5x	as long as short
Hyperliquid XLM	+0.0277%	1h	0.2127	+0.184%	$12.2M	$6.3M	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0380%	1h	0.2127	+0.175%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0440%	1h	0.2126	+0.132%	$232K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]long	L +0.0517% / S −0.0193%	1h	0.2123	long leg	$44K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.0691%	1h	0.2127	+0.175%	$528K	$149K	25x	as long as short