Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Bybit against Backpack−0.047%55s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.375% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.047%, 7d avg −0.033%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2124 | 0.0100 | pay 0.0013% / 1h | 31m 16s | $88K | $262K | 20x |
| Short | Bybit XLMUSDT | 0.2123 | 0.0100 | get 0.0100% / 8h | 6h 31m | $42.7M | $46.3M | 75x |
Backpack XLM_USDC_PERP
Bybit XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.047% → −0.033%
- −$1.44
- Slippage, 4 orders
- −$16.48
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$38.92
- Costs to cover
- 0.375%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 37 min ago; Bybit: live order book, 3 min ago.
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, 37 min ago | 0.23 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.36 bp | 12.3 bp −$12 | 19.1 bp −$191 | 60.1 bp −$6,005 | doesn't fit |
XLM on 30 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 | 0.2123 | −0.036% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.047% | $683 | $241K | 12x | as long as short |
| dYdX XLM-USD | +0.0042% | 1h | 0.2122 | −0.102% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2124 | −0.009% | $358K | $900K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2123 | −0.028% | $53.9M | $155.1M | 75x | as long as short |
| Bybit XLMUSDTshort | +0.0100% | 8h | 0.2123 | −0.047% | $42.7M | $46.3M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2123 | −0.052% | $12.7M | $41.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2124 | +0.009% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2125 | +0.066% | $23.7M | $26.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2125 | +0.038% | $14.1M | $10.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
dYdX XLM-USD
Lighter XLM
Binance XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2123 | −0.038% | $25.4M | $20.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2124 | +0.005% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0100% | 1h | 0.2124 | long leg | $88K | $262K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2123 | −0.039% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | −0.181% | $11K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2122 | −0.106% | $593K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2119 | −0.231% | $170K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2124 | 0.000% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2121 | −0.137% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2123 | −0.061% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2124 | 0.000% | $196K | $268K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2123 | −0.052% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2122 | −0.071% | $191K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0127% | 8h | 0.2124 | −0.002% | $568K | $631K | 75x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2123 | −0.047% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0190% | 1h | 0.2126 | +0.104% | $12.2M | $6.4M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0381% | 1h | 0.2123 | −0.031% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2126 | +0.075% | $233K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2123 | −0.043% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0786% | 1h | 0.2126 | +0.075% | $528K | $150K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Aster XLMUSDT
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL