Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0419%/8h= −45.8% APRpaid last 24h −0.059%

Price spread now: Gate against GMX+0.030%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 0.030% dearer against GMX than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XLM/USD [WBTC.b-USDC]	0.2131	L +0.0519% / S −0.0247%	pay 0.0065% / 1h	15m 09s	$39K	—	100x
Short	Gate XLM_USDT	0.2131	0.0100	get 0.0100% / 8h	4h 15m	$4.0M	$6.8M	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 +0.030%Rate

Funding earned: −$87.92
Price spread: +0.030% → 0.000%: $3
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$111.91
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 3 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, 3 min ago	3.99 bp	14.1 bp −$14	25.7 bp −$257	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	0.2131	+0.031%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.266%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2133	+0.119%	$369K	$967K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2132	+0.056%	$567K	$625K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2131	+0.031%	$54.6M	$155.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2131	+0.016%	$43.0M	$45.7M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2131	−0.003%	$12.5M	$42.4M	50x	as long as short
Gate XLM_USDTshort	+0.0100%	8h	0.2131	+0.030%	$4.0M	$6.8M	75x
MEXC XLM_USDT	+0.0100%	8h	0.2131	+0.030%	$23.9M	$27.1M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2131	+0.016%	$14.1M	$9.6M	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	0.2130	−0.017%	$25.7M	$21.4M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2132	+0.054%	—	$7.3M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2132	+0.054%	$128K	$291K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2131	+0.022%	$255K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2135	+0.200%	$12K	$306K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2136	+0.241%	$591K	$600K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2135	+0.222%	$171K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2132	+0.063%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2130	−0.036%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2132	+0.039%	$581	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2133	+0.096%	$197K	$253K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2132	+0.068%	$9.0M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2131	+0.038%	$192K	$1.8M	10x	as long as short
Hyperliquid XLM	+0.0194%	1h	0.2135	+0.209%	$12.3M	$6.2M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2132	+0.068%	$2.3M	$5.1M	75x	as long as short
Phoenix XLM	+0.0225%	1h	0.2134	+0.161%	$5K	$46K	5x	as long as short
dYdX XLM-USD	+0.0233%	1h	0.2131	+0.004%	$23K	$2K	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0265%	1h	0.2132	+0.044%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0480%	1h	0.2135	+0.194%	$236K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]long	L +0.0519% / S −0.0247%	1h	0.2131	long leg	$39K	—	100x
Deribit XLM_USDC-PERPETUAL	+0.0923%	1h	0.2133	+0.124%	$529K	$153K	25x	as long as short