Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.005%
Price spread now: KuCoin against Backpack−0.024%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.024%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.028% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2113 | 0.0168 | pay 0.0021% / 1h | 33m 47s | $129K | $329K | 20x |
| Short | KuCoin XLMUSDTM | 0.2112 | 0.0100 | get 0.0100% / 8h | 1h 33m | $14.0M | $9.4M | 75x |
Backpack XLM_USDC_PERP
KuCoin XLMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$14.3
- Price spread: −0.024% → +0.005%
- −$2.83
- Slippage, 4 orders
- −$32.24
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$71.37
- Costs to cover
- 0.542%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 10 min ago; KuCoin: live order book, 5 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, 10 min ago | 1.42 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 0.94 bp | 13.3 bp −$13 | 35.0 bp −$350 | 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 | 0.2111 | −0.107% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.577% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2117 | +0.199% | $355K | $933K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2114 | +0.071% | $560K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2114 | +0.074% | $54.2M | $163.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2113 | +0.009% | $42.8M | $47.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2115 | +0.099% | $12.2M | $44.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2112 | −0.047% | $3.9M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2115 | +0.104% | $25.2M | $28.9M | 300x | as long as short |
| KuCoin XLMUSDTMshort | +0.0100% | 8h | 0.2112 | −0.024% | $14.0M | $9.4M | 75x |
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_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2114 | +0.062% | $25.4M | $23.1M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2114 | +0.071% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2112 | −0.032% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2118 | +0.225% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2116 | +0.169% | $593K | $593K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2117 | +0.185% | $170K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2112 | −0.038% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2110 | −0.147% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2112 | −0.057% | $575 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2110 | −0.128% | $194K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2112 | −0.047% | $8.7M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2114 | +0.059% | $188K | $1.7M | 10x | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0168% | 1h | 0.2113 | long leg | $129K | $329K | 20x | |
| Hyperliquid XLM | +0.0174% | 1h | 0.2114 | +0.050% | $12.0M | $6.5M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2115 | +0.095% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0263% | 1h | 0.2114 | +0.071% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0278% | 1h | 0.2113 | −0.008% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0334% | 1h | 0.2112 | −0.046% | $2.5M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2113 | −0.009% | $220K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2112 | −0.032% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0840% | 1h | 0.2113 | +0.019% | $524K | $168K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Hyperliquid XLM
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL