Funding you earn now, next payment 03:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.001%
Price spread now: Backpack against BingX+0.014%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.014%, 7d avg +0.014%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XLM-USDT | 0.2148 | 0.0100 | pay 0.0100% / 8h | 5h 17m | — | $7.0M | — |
| Short | Backpack XLM_USDC_PERP | 0.2149 | 0.0107 | get 0.0013% / 1h | 17m 04s | $96K | $274K | 20x |
BingX XLM-USDT
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $1.55
- Price spread: +0.014% → +0.014%
- $0.02
- Slippage, 4 orders
- −$12.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$31.27
- Costs to cover
- 0.328%
- Break-even
- 148.3 days
Slippage from BingX: live order book, 1 min ago; Backpack: live order book, 46 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 BingX live order book, 1 min ago | 0.23 bp | 7.2 bp −$7 | 9.9 bp −$99 | 20.0 bp −$2,004 | 105.0 bp −$52.5K |
| Sell Backpack live order book, 46 min ago | 0.24 bp | 8.5 bp −$8 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2145 | −0.137% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2149 | +0.033% | $376K | $923K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2148 | −0.036% | $55.1M | $154.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2147 | −0.065% | $43.4M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2149 | +0.009% | $12.6M | $42.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2147 | −0.042% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2148 | −0.005% | $24.2M | $27.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2146 | −0.107% | $14.2M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2148 | −0.014% | $25.8M | $21.0M | 75x | as long as short |
| BingX XLM-USDTlong | +0.0100% | 8h | 0.2148 | long leg | — | $7.0M | — |
gTrade (Gains Network) XLM/USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XLM | +0.0100% | 8h | 0.2145 | −0.153% | $257K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2144 | −0.226% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2144 | −0.200% | $593K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2146 | −0.093% | $172K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2147 | −0.065% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2143 | −0.233% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2146 | −0.112% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2145 | −0.168% | $198K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2147 | −0.061% | $9.0M | $8.9M | 50x | as long as short |
| Aster XLMUSDT | +0.0101% | 8h | 0.2146 | −0.122% | $571K | $623K | 75x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2146 | −0.116% | $191K | $1.8M | 10x | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0107% | 1h | 0.2149 | +0.014% | $96K | $274K | 20x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2146 | −0.093% | $2.3M | $5.0M | 75x | as long as short |
| dYdX XLM-USD | +0.0222% | 1h | 0.2144 | −0.193% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2145 | −0.149% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0374% | 1h | 0.2150 | +0.070% | $12.4M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0458% | 1h | 0.2146 | −0.092% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2146 | −0.130% | $235K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0520% / S −0.0193% | 1h | 0.2146 | −0.126% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0915% | 1h | 0.2148 | −0.023% | $533K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −1.089% | $683 | $241K | 12x | as long as short |
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
Aster XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
dYdX XLM-USD
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP