XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.007%

Price spread now: GMX against Backpack−0.079%7-day average — · you buy dearer than you sell

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

Long on Backpack 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 0.079% cheaper against Backpack than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XLM_USDC_PERP	0.2155	0.0100	pay 0.0013% / 1h	22m 47s	$90K	$270K	20x
Short	GMX XLM/USD [WBTC.b-USDC]	0.2153	L +0.0316% / S −0.0167%	get 0.0021% / 1h	22m 47s	$45K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $14.16
Price spread: −0.079% → 0.000%: −$7.89
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$15.73
Costs to cover: 0.220%
Break-even: 14.8 days

Slippage unknown: Backpack: live order book, 55 min ago; 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 Backpack live order book, 55 min ago	0.92 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Injective XLM/USDC PERP	−0.5000%	1h	0.2158	+0.135%	$2K	$240K	12x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2154	−0.074%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0098%	1h	0.2155	−0.028%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2156	+0.059%	$578K	$752K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2156	+0.046%	$55.6M	$150.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2155	0.000%	$43.8M	$44.0M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2156	+0.037%	$13.0M	$41.7M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2154	−0.032%	$4.1M	$6.3M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2155	−0.009%	$25.1M	$26.3M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2154	−0.037%	$14.5M	$10.4M	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	0.2154	−0.056%	$25.6M	$19.3M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2154	−0.051%	—	$7.0M	—	as long as short
Backpack XLM_USDC_PERPlong	+0.0100%	1h	0.2155	long leg	$90K	$270K	20x
Variational Omni XLM	+0.0100%	8h	0.2156	+0.053%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2154	−0.030%	$12K	$300K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2160	+0.216%	$597K	$613K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2154	−0.046%	$173K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2154	−0.051%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2155	−0.019%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2155	−0.023%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2153	−0.097%	$199K	$261K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2156	+0.042%	$9.0M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2155	−0.019%	$193K	$1.6M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2156	+0.056%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0222%	1h	0.2161	+0.255%	$5K	$42K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]short	L +0.0316% / S −0.0167%	1h	0.2153	−0.079%	$45K	—	100x
Kraken Futures PF_XLMUSD	+0.0414%	1h	0.2156	+0.041%	$2.6M	$2.6M	50x	as long as short
Hyperliquid XLM	+0.0418%	1h	0.2156	+0.023%	$12.3M	$6.1M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0448%	1h	0.2156	+0.037%	$231K	$1.5M	50x	as long as short
Lighter XLM	+0.0464%	1h	0.2158	+0.130%	$403K	$827K	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0818%	1h	0.2156	+0.060%	$535K	$159K	25x	as long as short