Funding you earn now, next payment 09:00 UTC+0.0783%/8h= +85.7% APRpaid last 24h +0.154%
Price spread now: Deribit against Bybit0.000%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days+0.237%+$24 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now 0.000%, 7d avg +0.090%
=Funding pays, the price is against you. Deribit is 0.090% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.090%). If the spread goes back, that is −$9 on $10k: about 9 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.237% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.237% in total (about 12.4% 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 | Bybit XLMUSDT | 0.2120 | 0.0100 | pay 0.0100% / 8h | 7h 54m | $43.3M | $46.3M | 75x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2120 | 0.0883 | get 0.0110% / 1h | 54m 40s | $526K | $153K | 25x |
Bybit XLMUSDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- $164.43
- Price spread: 0.000% → +0.090%
- −$9.04
- Slippage, 4 orders
- −$18.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $119.3
- Costs to cover
- 0.361%
- Break-even
- 1.9 days
Slippage from Bybit: live order book, 4 min ago; Deribit: live order book, 44 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 Bybit live order book, 4 min ago | 2.35 bp | 12.1 bp −$12 | 16.8 bp −$168 | 82.2 bp −$8,217 | doesn't fit |
| Sell Deribit live order book, 44 min ago | 4.01 bp | 7.5 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 | 0.2117 | −0.123% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.236% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2123 | +0.137% | $366K | $916K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2122 | +0.078% | $562K | $583K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2120 | +0.024% | $54.8M | $159.7M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2120 | long leg | $43.3M | $46.3M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2120 | +0.024% | $12.1M | $44.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2122 | +0.108% | $3.9M | $7.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2121 | +0.047% | $24.4M | $28.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2123 | +0.127% | $14.0M | $9.2M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
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 | 0.2121 | +0.047% | $25.5M | $22.9M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2122 | +0.094% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2121 | +0.038% | $130K | $344K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2120 | +0.007% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | +0.238% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2122 | +0.079% | $591K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2118 | −0.075% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2118 | −0.094% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2112 | −0.377% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2119 | −0.071% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2118 | −0.090% | $195K | $213K | 20x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2123 | +0.120% | $189K | $1.1M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2120 | −0.009% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2122 | +0.108% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2122 | +0.080% | $218K | $1.6M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0340% | 1h | 0.2119 | −0.052% | $2.6M | $2.6M | 50x | as long as short |
| dYdX XLM-USD | +0.0342% | 1h | 0.2120 | −0.013% | $23K | $2K | 10x | as long as short |
| Phemex XLMUSDT | +0.0377% | 8h | 0.2120 | −0.005% | $8.7M | $8.8M | 50x | as long as short |
| Hyperliquid XLM | +0.0427% | 1h | 0.2123 | +0.146% | $12.2M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2118 | −0.096% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0883% | 1h | 0.2120 | 0.000% | $526K | $153K | 25x |
Bitget XLMUSDT
BingX XLM-USDC
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
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
dYdX XLM-USD
Phemex XLMUSDT
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]