Funding you earn now, next payment 01:00 UTC+0.0527%/8h= +57.7% APRpaid last 24h +0.147%
Price spread now: Deribit against BingX+0.023%54s7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as 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−$270.269% of the position
Funding, last 7 days+0.155%+$15 on $10k
+Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.023%, 7d avg +0.075%
=Funding pays, the price is against you. Deribit is 0.052% cheaper against BingX than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.075%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.155% in total) that is about 2.3 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% 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 | BingX XLM-USDT | 0.2167 | 0.0100 | pay 0.0100% / 8h | 7h 11m | — | $7.1M | — |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2168 | 0.0627 | get 0.0078% / 1h | 11m 25s | $538K | $150K | 25x |
BingX XLM-USDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $110.67
- Price spread: +0.023% → +0.075%
- −$5.18
- Slippage, 4 orders
- −$9.89
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $78.6
- Costs to cover
- 0.269%
- Break-even
- 2.0 days
Slippage from BingX: live order book, 11 min ago; Deribit: live order book, 62 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, 11 min ago | 0.23 bp | 7.0 bp −$7 | 12.7 bp −$127 | 27.2 bp −$2,719 | 134.4 bp −$67.2K |
| Sell Deribit live order book, 62 min ago | 2.56 bp | 6.1 bp −$6 | 14.9 bp −$149 | 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 | 0.2157 | −0.484% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2167 | −0.044% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0052% | 1h | 0.2167 | −0.003% | $24K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2171 | +0.152% | $400K | $838K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2168 | +0.015% | $55.9M | $150.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2167 | −0.018% | $44.5M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2166 | −0.051% | $13.2M | $41.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2168 | +0.028% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2169 | +0.065% | $25.1M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2168 | +0.042% | $14.4M | $10.1M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
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 | 0.2167 | −0.009% | $25.9M | $19.7M | 75x | as long as short |
| BingX XLM-USDTlong | +0.0100% | 8h | 0.2167 | long leg | — | $7.1M | — | |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2166 | −0.065% | $89K | $260K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2167 | −0.016% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2168 | +0.044% | $12K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2169 | +0.076% | $611K | $590K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2168 | +0.042% | $174K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2167 | −0.023% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2162 | −0.263% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2167 | −0.046% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2169 | +0.074% | $200K | $257K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2167 | −0.037% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2167 | −0.005% | $193K | $1.7M | 10x | as long as short |
| Aster XLMUSDT | +0.0155% | 8h | 0.2167 | −0.005% | $581K | $660K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0182% | 1h | 0.2168 | +0.004% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2169 | +0.060% | $2.3M | $5.3M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2171 | +0.143% | $5K | $42K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2169 | +0.060% | $235K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0528% | 1h | 0.2171 | +0.184% | $12.6M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0615% / S −0.1230% | 1h | 0.2167 | −0.044% | $174K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0627% | 1h | 0.2168 | +0.023% | $538K | $150K | 25x |
Bitget XLMUSDT
Backpack XLM_USDC_PERP
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
Aster XLMUSDT
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]