XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0419%/8h= −45.9% APRnext payment −$0.52 per $10,000 · paid last 24h +0.047%

Price spread now: Lighter against GMX+0.058%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.058% dearer against GMX than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XLM/USD [WBTC.b-USDC]	0.2103	L +0.0515% / S −0.0228%	pay 0.0064% / 1h	24m 33s	$40K	—	100x
Short	Lighter XLM	0.2104	0.0096	get 0.0012% / 1h	24m 33s	$353K	$992K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$88.06
Price spread: +0.058% → 0.000%: $5.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$94.25
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 21 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 Lighter live order book, 21 min ago	7.33 bp	20.0 bp −$20	53.4 bp −$534	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 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	0.2103	+0.001%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+1.062%	$683	$241K	12x	as long as short
Lighter XLMshort	+0.0096%	1h	0.2104	+0.058%	$353K	$992K	5x
Aster XLMUSDT	+0.0100%	8h	0.2101	−0.066%	$556K	$630K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2103	+0.020%	$53.7M	$161.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2101	−0.061%	$42.4M	$47.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2102	−0.018%	$12.2M	$43.8M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2101	−0.075%	$3.9M	$7.6M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2102	−0.032%	$24.1M	$28.3M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2102	−0.042%	$13.7M	$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	0.2102	−0.047%	$25.3M	$22.8M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2102	−0.037%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2101	−0.066%	$130K	$314K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2097	−0.263%	$250K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2096	−0.318%	$12K	$306K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2101	−0.082%	$582K	$615K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2094	−0.403%	$168K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2104	+0.063%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2101	−0.061%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2103	+0.010%	$573	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2102	−0.042%	$194K	$251K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2102	−0.051%	$8.7M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2102	−0.022%	$188K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0144%	1h	0.2102	−0.011%	$2.5M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0158%	1h	0.2102	−0.018%	$12.0M	$6.5M	5x	as long as short
dYdX XLM-USD	+0.0192%	1h	0.2100	−0.138%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2102	−0.047%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2097	−0.280%	$4K	$49K	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2094	−0.403%	$223K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]long	L +0.0515% / S −0.0228%	1h	0.2103	long leg	$40K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.1082%	1h	0.2105	+0.125%	$522K	$163K	25x	as long as short