Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.181%
Price spread now: Injective against Bybit0.000%7-day average −0.114% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 4 days (all we have)−0.025%−$3 · spread now 0.000%, 7d avg −0.114%
=The price spread pays, funding is against you. Injective is 0.114% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.114%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XLMUSDT | 0.2125 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $43.4M | $46.3M | 75x |
| Short | Injective XLM/USDC PERP | 0.2125 | 0.0033 | get 0.0004% / 1h | 57m 02s | $683 | $241K | 12x |
Bybit XLMUSDT
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: 0.000% → −0.114%
- $11.39
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$13.63
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.
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, 2 min ago | 2.35 bp | 12.1 bp −$12 | 16.8 bp −$168 | 82.2 bp −$8,217 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2124 | −0.024% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERPshort | +0.0033% | 1h | 0.2125 | 0.000% | $683 | $241K | 12x | |
| Lighter XLM | +0.0096% | 1h | 0.2128 | +0.160% | $367K | $916K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2125 | −0.021% | $563K | $583K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2126 | +0.065% | $55.0M | $159.8M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2125 | long leg | $43.4M | $46.3M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2126 | +0.033% | $12.1M | $45.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2125 | +0.024% | $3.9M | $7.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2126 | +0.056% | $24.5M | $28.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2125 | +0.009% | $14.0M | $9.2M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
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 | 0.2125 | −0.019% | $25.6M | $22.9M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2125 | +0.024% | — | $7.4M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2127 | +0.094% | $130K | $344K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2119 | −0.272% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2119 | −0.260% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2122 | −0.157% | $591K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2118 | −0.311% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2126 | +0.047% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2123 | −0.089% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2125 | +0.009% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2124 | −0.061% | $196K | $213K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2126 | +0.038% | $8.7M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2126 | +0.035% | $189K | $1.1M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2127 | +0.071% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2122 | −0.127% | $4K | $56K | 5x | as long as short |
| dYdX XLM-USD | +0.0306% | 1h | 0.2123 | −0.109% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2123 | −0.104% | $219K | $1.6M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0339% | 1h | 0.2126 | +0.046% | $2.6M | $2.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2125 | −0.005% | $39K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0535% | 1h | 0.2128 | +0.146% | $12.2M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0973% | 1h | 0.2128 | +0.136% | $528K | $156K | 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
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL