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 BingX−0.185%111s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.543% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.185%, 7d avg +0.027%
=Funding pays, the price is against you. BloFin is 0.212% cheaper against BingX than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of +0.027%). If the spread goes back, that is −$21 on $10k: about 5.9 days of funding at the current rate (+$4 a day). The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XLM-USDC | 0.2161 | 0.0100 | pay 0.0100% / 8h | 7h 57m | — | $6.7M | — |
| Short | BloFin XLM-USDT | 0.2157 | 0.0220 | get 0.0220% / 8h | 7h 57m | $2.3M | $5.5M | 75x |
BingX XLM-USDC
BloFin XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.185% → +0.027%
- −$21.25
- Slippage, 4 orders
- −$32.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$50.31
- Costs to cover
- 0.543%
- Break-even
- 21.0 days
Slippage from BingX: live order book, 15 min ago; BloFin: live order book, 11 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, 15 min ago | 1.16 bp | 17.5 bp −$18 | 105.7 bp −$1,057 | 1099.7 bp −$110.0K | 1438.3 bp −$719.2K |
| Sell BloFin live order book, 11 min ago | 3.25 bp | 10.5 bp −$11 | 14.2 bp −$142 | 26.3 bp −$2,633 | 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 | 0.2157 | −0.167% | $736 | $241K | 12x | as long as short |
| dYdX XLM-USD | 0.0000% | 1h | 0.2159 | −0.094% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2160 | −0.031% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2163 | +0.114% | $580K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2161 | +0.031% | $55.7M | $151.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2161 | +0.019% | $43.9M | $44.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2161 | +0.014% | $13.1M | $41.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2160 | −0.046% | $4.1M | $6.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2160 | −0.005% | $24.9M | $26.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2159 | −0.056% | $14.4M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance 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 | 0.2161 | +0.019% | $25.6M | $19.4M | 75x | as long as short |
| BingX XLM-USDClong | +0.0100% | 8h | 0.2161 | long leg | — | $6.7M | — | |
| Variational Omni XLM | +0.0100% | 8h | 0.2153 | −0.342% | $268K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2157 | −0.188% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2156 | −0.199% | $597K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2155 | −0.268% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2161 | +0.019% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2161 | +0.032% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2160 | −0.042% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2158 | −0.120% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2160 | −0.014% | $9.0M | $9.1M | 50x | as long as short |
| Lighter XLM | +0.0104% | 1h | 0.2162 | +0.060% | $399K | $833K | 5x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2159 | −0.061% | $193K | $1.6M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2160 | −0.031% | $2.6M | $2.6M | 50x | as long as short |
| Backpack XLM_USDC_PERP | +0.0218% | 1h | 0.2160 | −0.005% | $89K | $269K | 20x | as long as short |
| BloFin XLM-USDTshort | +0.0220% | 8h | 0.2157 | −0.185% | $2.3M | $5.5M | 75x | |
| Phoenix XLM | +0.0222% | 1h | 0.2157 | −0.185% | $5K | $42K | 5x | as long as short |
| Hyperliquid XLM | +0.0254% | 1h | 0.2162 | +0.060% | $12.3M | $6.2M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2160 | −0.041% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2161 | +0.014% | $230K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0862% | 1h | 0.2161 | +0.037% | $536K | $161K | 25x | as long as short |
Bitget XLMUSDT
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
Lighter XLM
Extended XLM-USD
Kraken Futures PF_XLMUSD
Backpack XLM_USDC_PERP
Phoenix XLM
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL