Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: GRVT against Backpack−0.080%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.155%+$15 · spread now −0.080%, 7d avg −0.010%
=Together, before fees+0.143%+ Points / potential airdropGRVT: Active · farm board+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.070% cheaper against Backpack than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2130 | 0.0100 | pay 0.0013% / 1h | 3m 19s | $126K | $290K | 20x |
| Short | GRVT XLM_USDT_Perp | 0.2129 | 0.0100 | get 0.0100% / 8h | 4h 03m | $589K | $600K | 10x |
Backpack XLM_USDC_PERP
GRVT XLM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: −0.080% → −0.010%
- −$6.97
- Slippage, 4 orders
- −$27.3
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$53.27
- Costs to cover
- 0.463%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 55 min ago; GRVT: live order book, 55 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, 55 min ago | 0.23 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 55 min ago | 2.59 bp | 12.1 bp −$12 | 18.2 bp −$182 | doesn't fit | doesn't fit |
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 | +0.048% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.253% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2133 | +0.136% | $369K | $967K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2133 | +0.100% | $567K | $622K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2131 | +0.048% | $54.6M | $155.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2130 | +0.005% | $43.0M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2131 | +0.028% | $12.5M | $42.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2132 | +0.089% | $4.0M | $6.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2132 | +0.052% | $23.8M | $27.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2131 | +0.042% | $14.1M | $9.5M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2131 | +0.042% | $25.6M | $21.4M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2132 | +0.089% | — | $7.3M | — | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0100% | 1h | 0.2130 | long leg | $126K | $290K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2126 | −0.201% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2127 | −0.164% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perpshort | +0.0100% | 8h | 0.2129 | −0.080% | $589K | $600K | 10x | |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2127 | −0.169% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2131 | +0.028% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2130 | 0.000% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2131 | +0.042% | $581 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2132 | +0.089% | $197K | $253K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2132 | +0.052% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2131 | +0.026% | $192K | $1.8M | 10x | as long as short |
| Hyperliquid XLM | +0.0209% | 1h | 0.2135 | +0.202% | $12.3M | $6.3M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2131 | +0.047% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2127 | −0.141% | $5K | $46K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0265% | 1h | 0.2131 | +0.049% | $2.6M | $2.7M | 50x | as long as short |
| dYdX XLM-USD | +0.0265% | 1h | 0.2130 | −0.040% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0480% | 1h | 0.2133 | +0.103% | $236K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0519% / S −0.0247% | 1h | 0.2132 | +0.052% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0923% | 1h | 0.2133 | +0.122% | $529K | $153K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
Variational Omni XLM
edgeX XLMUSDC
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Hyperliquid XLM
BloFin XLM-USDT
Phoenix XLM
Kraken Futures PF_XLMUSD
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL