Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.024%

Price spread now: GMX against Orderly−0.067%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on GMX

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

Funding pays, the price is against you. GMX is 0.067% cheaper against Orderly than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 37 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XLM_USDC_mythos	0.2115	0.0100	pay 0.0050% / 4h	56m 14s	$3K	$2K	10x
Short	GMX XLM/USD [WBTC.b-USDC]	0.2114	L +0.0517% / S −0.0247%	get 0.0031% / 1h	56m 14s	$39K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Orderly. 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 OrderlybpFee GMXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $30.79
Price spread: −0.067% → 0.000%: −$6.71
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $6.08
Costs to cover: 0.180%
Break-even: 5.6 days

Slippage unknown: Orderly: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Orderly and 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	0.2113	−0.076%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.473%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2117	+0.113%	$365K	$941K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2116	+0.060%	$562K	$615K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2116	+0.036%	$54.3M	$162.3M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2114	−0.033%	$42.9M	$47.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2116	+0.028%	$12.2M	$44.2M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2115	−0.019%	$3.9M	$7.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2115	+0.014%	$24.5M	$28.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2114	−0.028%	$14.0M	$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	0.2115	0.000%	$25.4M	$22.7M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2115	+0.014%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2116	+0.028%	$129K	$348K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2116	+0.053%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2119	+0.183%	$12K	$306K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2119	+0.189%	$594K	$585K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2118	+0.161%	$170K	$263K	50x	as long as short
Orderly PERP_XLM_USDC_mythoslong	+0.0100%	4h	0.2115	long leg	$3K	$2K	10x
SunX XLM-USDT	+0.0100%	8h	0.2116	+0.033%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2114	−0.033%	$576	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2118	+0.156%	$195K	$249K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2116	+0.028%	$8.7M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2114	−0.040%	$189K	$1.5M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2119	+0.199%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0263%	1h	0.2120	+0.222%	$4K	$50K	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0376%	1h	0.2115	+0.009%	$220K	$1.6M	50x	as long as short
dYdX XLM-USD	+0.0511%	1h	0.2115	−0.005%	$23K	$2K	10x	as long as short
GMX XLM/USD [WBTC.b-USDC]short	L +0.0517% / S −0.0247%	1h	0.2114	−0.067%	$39K	—	100x
Kraken Futures PF_XLMUSD	+0.0551%	1h	0.2115	−0.006%	$2.6M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0665%	1h	0.2118	+0.147%	$12.1M	$6.5M	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0791%	1h	0.2116	+0.038%	$524K	$172K	25x	as long as short