Funding you earn now, next payment 01:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.035%
Price spread now: Backpack against BloFin−0.005%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.005%, 7d avg −0.014%
=The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XLM-USDT | 0.2159 | 0.0220 | pay 0.0220% / 8h | 7h 38m | $2.3M | $5.4M | 75x |
| Short | Backpack XLM_USDC_PERP | 0.2159 | 0.0100 | get 0.0013% / 1h | 38m 40s | $88K | $269K | 20x |
BloFin XLM-USDT
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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: −0.005% → −0.014%
- $0.97
- Slippage, 4 orders
- −$12.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$58.61
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Backpack: live order book, 35 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 BloFin live order book, 5 min ago | 1.85 bp | 8.3 bp −$8 | 9.9 bp −$99 | 21.0 bp −$2,098 | doesn't fit |
| Sell Backpack live order book, 35 min ago | 0.23 bp | 10.5 bp −$11 | 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 | 0.2157 | −0.093% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2159 | −0.003% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0039% | 1h | 0.2159 | −0.016% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2161 | +0.107% | $399K | $838K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2160 | +0.055% | $55.7M | $151.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2160 | +0.051% | $44.0M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2161 | +0.088% | $13.2M | $41.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2160 | +0.051% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2160 | +0.051% | $24.8M | $26.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2158 | −0.023% | $14.4M | $10.3M | 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 | 0.2158 | −0.028% | $25.7M | $19.6M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2159 | −0.014% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0100% | 1h | 0.2159 | −0.005% | $88K | $269K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2161 | +0.100% | $284K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2162 | +0.122% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | +0.213% | $610K | $619K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2161 | +0.079% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2160 | +0.046% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2156 | −0.144% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2158 | −0.051% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2162 | +0.148% | $199K | $256K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2159 | −0.014% | $9.0M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2161 | +0.087% | $193K | $1.6M | 10x | as long as short |
| Aster XLMUSDT | +0.0118% | 8h | 0.2164 | +0.231% | $581K | $688K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2158 | −0.036% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDTlong | +0.0220% | 8h | 0.2159 | long leg | $2.3M | $5.4M | 75x | |
| Phoenix XLM | +0.0223% | 1h | 0.2162 | +0.120% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2159 | +0.015% | $45K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0352% | 1h | 0.2159 | +0.019% | $536K | $162K | 25x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2164 | +0.236% | $229K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0476% | 1h | 0.2161 | +0.079% | $12.5M | $6.2M | 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
Aster XLMUSDT
Kraken Futures PF_XLMUSD
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Coinbase International XLM-PERP-INTX
Hyperliquid XLM