Funding you earn now, next payment 05:00 UTC−0.0406%/8h= −44.4% APRpaid last 24h −0.001%
Price spread now: MEXC against Backpack+0.014%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.014%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2134 | 0.0506 | pay 0.0063% / 1h | 58m 25s | $126K | $290K | 20x |
| Short | MEXC XLM_USDT | 0.2135 | 0.0100 | get 0.0100% / 8h | 3h 58m | $23.8M | $26.7M | 300x |
Backpack XLM_USDC_PERP
MEXC XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$85.2
- Price spread: +0.014% → −0.003%
- $1.68
- Slippage, 4 orders
- −$14.01
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$107.53
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 60 min ago; MEXC: 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, 60 min ago | 0.23 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.47 bp | 2.7 bp −$3 | 10.4 bp −$104 | 38.0 bp −$3,798 | 121.1 bp −$60.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2135 | +0.013% | $23K | $2K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2134 | −0.030% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.436% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2138 | +0.178% | $370K | $960K | 5x | as long as short |
| Hyperliquid XLM | +0.0100% | 1h | 0.2137 | +0.103% | $12.3M | $6.3M | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2136 | +0.075% | $568K | $622K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2135 | +0.014% | $54.5M | $155.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2135 | +0.028% | $43.1M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2136 | +0.066% | $12.5M | $42.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2134 | +0.005% | $4.0M | $6.8M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Hyperliquid XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XLM_USDTshort | +0.0100% | 8h | 0.2135 | +0.014% | $23.8M | $26.7M | 300x | |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2135 | +0.009% | $14.1M | $9.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2135 | +0.014% | $25.7M | $21.5M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2135 | +0.014% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2134 | −0.008% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2135 | +0.022% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2131 | −0.134% | $590K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2131 | −0.173% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2136 | +0.080% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2127 | −0.356% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2134 | −0.009% | $581 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2136 | +0.080% | $197K | $253K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2134 | −0.014% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2135 | +0.046% | $190K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0185% | 1h | 0.2134 | −0.027% | $2.6M | $2.7M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2134 | −0.014% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2136 | +0.075% | $5K | $46K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2139 | +0.216% | $239K | $1.5M | 50x | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0506% | 1h | 0.2134 | long leg | $126K | $290K | 20x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2134 | −0.025% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0828% | 1h | 0.2135 | +0.047% | $530K | $153K | 25x | as long as short |
KuCoin XLMUSDTM
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
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL