Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.014%

Price spread now: BloFin against GMX+0.099%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 0.099% dearer against GMX than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XLM/USD [WBTC.b-USDC]	0.2165	L +0.0316% / S −0.0167%	pay 0.0040% / 1h	38m 42s	$45K	—	100x
Short	BloFin XLM-USDT	0.2167	0.0220	get 0.0220% / 8h	38m 42s	$2.3M	$5.6M	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 +0.099%Rate

Funding earned: −$20.23
Price spread: +0.099% → 0.000%: $9.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.3
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 5 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, 5 min ago	0.23 bp	6.2 bp −$6	9.0 bp −$90	20.9 bp −$2,090	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
Injective XLM/USDC PERP	−0.5000%	1h	0.2039	−5.826%	$5K	$238K	12x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2166	+0.021%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0062%	1h	0.2165	−0.023%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2168	+0.113%	$581K	$752K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2166	+0.049%	$55.9M	$150.8M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2166	+0.035%	$44.0M	$43.9M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2166	+0.039%	$13.1M	$41.8M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2165	−0.016%	$4.1M	$6.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2167	+0.081%	$25.6M	$26.0M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2165	−0.007%	$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	0.2166	+0.053%	$25.8M	$19.3M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2166	+0.025%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2165	+0.016%	$94K	$266K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2168	+0.142%	$257K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2168	+0.151%	$12K	$300K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2169	+0.159%	$600K	$613K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2169	+0.182%	$174K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2166	+0.039%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2164	−0.062%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2166	+0.025%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2167	+0.076%	$200K	$260K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2166	+0.044%	$9.1M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2165	−0.023%	$194K	$1.6M	10x	as long as short
BloFin XLM-USDTshort	+0.0220%	8h	0.2167	+0.099%	$2.3M	$5.6M	75x
Phoenix XLM	+0.0222%	1h	0.2167	+0.072%	$5K	$42K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]long	L +0.0316% / S −0.0167%	1h	0.2165	long leg	$45K	—	100x
Kraken Futures PF_XLMUSD	+0.0412%	1h	0.2166	+0.022%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0448%	1h	0.2171	+0.275%	$234K	$1.5M	50x	as long as short
Hyperliquid XLM	+0.0525%	1h	0.2168	+0.132%	$12.3M	$6.1M	5x	as long as short
Lighter XLM	+0.0576%	1h	0.2170	+0.224%	$420K	$809K	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0766%	1h	0.2168	+0.118%	$538K	$160K	25x	as long as short