Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against BloFin−0.009%112s7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as 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−$400.399% of the position
Funding, last 7 days−0.276%−$28 on $10k
+Price spread, last 3 days (all we have)+0.045%+$5 · spread now −0.009%, 7d avg −0.049%
=The price spread pays, funding is against you. Bybit is 0.039% dearer against BloFin than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.049%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 hours. The two prices were read 112 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 | BloFin XLM-USDT | 0.2156 | 0.0220 | pay 0.0220% / 8h | 7h 59m | $2.3M | $5.5M | 75x |
| Short | Bybit XLMUSDT | 0.2156 | 0.0100 | get 0.0100% / 8h | 7h 59m | $43.7M | $44.2M | 75x |
BloFin XLM-USDT
Bybit XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.009% → −0.049%
- $3.93
- Slippage, 4 orders
- −$16.87
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$61.14
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; Bybit: live order book, 10 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, 9 min ago | 3.25 bp | 9.5 bp −$10 | 12.9 bp −$129 | 23.3 bp −$2,325 | doesn't fit |
| Sell Bybit live order book, 10 min ago | 2.33 bp | 7.8 bp −$8 | 14.2 bp −$142 | 54.8 bp −$5,476 | 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 | +0.032% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2156 | −0.031% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0086% | 1h | 0.2156 | −0.021% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2160 | +0.152% | $579K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2157 | +0.026% | $55.6M | $151.1M | 75x | as long as short |
| Bybit XLMUSDTshort | +0.0100% | 8h | 0.2156 | −0.009% | $43.7M | $44.2M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2157 | +0.028% | $13.0M | $41.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2156 | +0.005% | $4.1M | $6.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2157 | +0.019% | $24.9M | $26.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2156 | −0.005% | $14.4M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance 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 | 0.2157 | +0.014% | $25.6M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2157 | +0.019% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2157 | +0.046% | $89K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2153 | −0.143% | $268K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2155 | −0.080% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2156 | 0.000% | $597K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2155 | −0.070% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2156 | −0.014% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2159 | +0.111% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2157 | +0.019% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2156 | −0.019% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2157 | +0.046% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2156 | +0.006% | $193K | $1.6M | 10x | as long as short |
| Lighter XLM | +0.0144% | 1h | 0.2157 | +0.028% | $397K | $831K | 5x | as long as short |
| Hyperliquid XLM | +0.0146% | 1h | 0.2158 | +0.093% | $12.3M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2158 | +0.062% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDTlong | +0.0220% | 8h | 0.2156 | long leg | $2.3M | $5.5M | 75x | |
| Phoenix XLM | +0.0222% | 1h | 0.2156 | +0.005% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2156 | −0.027% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2158 | +0.083% | $230K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1327% | 1h | 0.2159 | +0.139% | $536K | $161K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Lighter XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL