Funding you earn now, next payment 00:00 UTC+0.0478%/8h= +52.3% APRpaid last 24h +0.144%
Price spread now: Deribit against Binance+0.008%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.008%, 7d avg +0.056%
=Funding pays, the price is against you. Deribit is 0.048% cheaper against Binance than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.056%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.150% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% 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 | Binance XLMUSDT | 0.2177 | 0.0100 | pay 0.0100% / 8h | 52m 24s | $56.4M | $151.8M | 75x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2177 | 0.0578 | get 0.0072% / 1h | 52m 24s | $540K | $160K | 25x |
Binance XLMUSDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $100.38
- Price spread: +0.008% → +0.056%
- −$4.83
- Slippage, 4 orders
- −$16.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $62.37
- Costs to cover
- 0.332%
- Break-even
- 2.7 days
Slippage from Binance: live order book, 6 min ago; Deribit: live order book, 26 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, 6 min ago | 0.23 bp | 7.4 bp −$7 | 11.6 bp −$116 | 30.4 bp −$3,043 | doesn't fit |
| Sell Deribit live order book, 26 min ago | 5.54 bp | 9.0 bp −$9 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2045 | −6.047% | $6K | $238K | 12x | as long as short |
| dYdX XLM-USD | 0.0000% | 1h | 0.2174 | −0.111% | $24K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2175 | −0.093% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2175 | −0.072% | $583K | $785K | 75x | as long as short |
| Binance XLMUSDTlong | +0.0100% | 8h | 0.2177 | long leg | $56.4M | $151.8M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2175 | −0.070% | $44.3M | $44.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2175 | −0.084% | $13.2M | $42.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2175 | −0.061% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2176 | −0.024% | $26.0M | $25.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2176 | −0.033% | $14.6M | $10.6M | 75x | as long as short |
Injective XLM/USDC PERP
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster 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 | 0.2175 | −0.070% | $25.9M | $19.4M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2175 | −0.066% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | −0.571% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2170 | −0.297% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2175 | −0.081% | $602K | $633K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2164 | −0.594% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2176 | −0.029% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2173 | −0.185% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2176 | −0.038% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2177 | +0.017% | $201K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2178 | +0.081% | $9.2M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2176 | −0.051% | $194K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0187% | 1h | 0.2179 | +0.100% | $98K | $268K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2178 | +0.081% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2175 | −0.052% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0317% / S −0.0167% | 1h | 0.2175 | −0.064% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0410% | 1h | 0.2176 | −0.020% | $2.7M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2178 | +0.068% | $235K | $1.6M | 50x | as long as short |
| Lighter XLM | +0.0576% | 1h | 0.2178 | +0.054% | $421K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0578% | 1h | 0.2177 | +0.008% | $540K | $160K | 25x | |
| Hyperliquid XLM | +0.0591% | 1h | 0.2178 | +0.068% | $12.4M | $6.1M | 5x | 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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Lighter XLM
Hyperliquid XLM