Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Binance−0.050%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days+0.247%+$25 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.050%, 7d avg +0.012%
=Funding pays, the price is against you. BloFin is 0.062% cheaper against Binance than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.012%). If the spread goes back, that is −$6 on $10k: about 41 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XLMUSDT | 0.2143 | 0.0100 | pay 0.0100% / 8h | 3h 54m | $54.9M | $156.2M | 75x |
| Short | BloFin XLM-USDT | 0.2142 | 0.0220 | get 0.0220% / 8h | 3h 54m | $2.3M | $5.1M | 75x |
Binance XLMUSDT
BloFin XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $25.2
- Price spread: −0.050% → +0.012%
- −$6.15
- Slippage, 4 orders
- −$15.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$17.99
- Costs to cover
- 0.370%
- Break-even
- 12.0 days
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 4 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 Binance live order book, 4 min ago | 0.23 bp | 8.3 bp −$8 | 11.8 bp −$118 | 29.5 bp −$2,946 | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.70 bp | 6.9 bp −$7 | 9.5 bp −$95 | 17.5 bp −$1,748 | 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 | 0.2140 | −0.141% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.862% | $683 | $241K | 12x | as long as short |
| dYdX XLM-USD | +0.0036% | 1h | 0.2146 | +0.104% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2149 | +0.244% | $372K | $960K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2145 | +0.081% | $570K | $622K | 75x | as long as short |
| Binance XLMUSDTlong | +0.0100% | 8h | 0.2143 | long leg | $54.9M | $156.2M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2141 | −0.111% | $43.3M | $45.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2141 | −0.106% | $12.6M | $42.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2146 | +0.113% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2140 | −0.148% | $23.7M | $26.8M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
dYdX XLM-USD
Lighter XLM
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2142 | −0.092% | $14.1M | $9.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2141 | −0.101% | $25.9M | $21.7M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2145 | +0.071% | — | $7.4M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2137 | −0.296% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2136 | −0.326% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2136 | −0.357% | $591K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2137 | −0.316% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2141 | −0.115% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2139 | −0.190% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2144 | +0.029% | $584 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2140 | −0.157% | $198K | $253K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2145 | +0.071% | $9.1M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2145 | +0.055% | $191K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0185% | 1h | 0.2144 | +0.046% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0186% | 1h | 0.2143 | −0.027% | $12.3M | $6.3M | 5x | as long as short |
| BloFin XLM-USDTshort | +0.0220% | 8h | 0.2142 | −0.050% | $2.3M | $5.1M | 75x | |
| Phoenix XLM | +0.0225% | 1h | 0.2137 | −0.293% | $5K | $46K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2147 | +0.141% | $240K | $1.5M | 50x | as long as short |
| Backpack XLM_USDC_PERP | +0.0489% | 1h | 0.2146 | +0.123% | $126K | $290K | 20x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0519% / S −0.0247% | 1h | 0.2140 | −0.174% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1011% | 1h | 0.2143 | −0.013% | $532K | $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
Hyperliquid XLM
Phoenix XLM
Coinbase International XLM-PERP-INTX
Backpack XLM_USDC_PERP
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL