Funding you earn now, next payment 22:00 UTC−0.0726%/8h= −79.5% APRpaid last 24h −0.132%
Price spread now: Binance against Deribit−0.075%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.075%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Binance is 0.020% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.127% in total (about -6.6% 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 | Deribit XLM_USDC-PERPETUAL | 0.2139 | 0.0826 | pay 0.0103% / 1h | 29m 09s | $531K | $170K | 25x |
| Short | Binance XLMUSDT | 0.2137 | 0.0100 | get 0.0100% / 8h | 2h 29m | $55.1M | $144.9M | 75x |
Deribit XLM_USDC-PERPETUAL
Binance XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$152.46
- Price spread: −0.075% → −0.054%
- −$2.03
- Slippage, 4 orders
- −$9.3
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$180.8
- Costs to cover
- 0.263%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 59 min ago; Binance: live order book, 14 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 Deribit live order book, 59 min ago | 2.10 bp | 5.6 bp −$6 | 14.1 bp −$141 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.23 bp | 7.7 bp −$8 | 15.3 bp −$153 | 35.5 bp −$3,554 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2133 | −0.290% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2136 | −0.155% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2135 | −0.180% | $586K | $793K | 75x | as long as short |
| Binance XLMUSDTshort | +0.0100% | 8h | 0.2137 | −0.075% | $55.1M | $144.9M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2137 | −0.098% | $43.5M | $41.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2137 | −0.122% | $12.9M | $40.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2136 | −0.126% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2138 | −0.070% | $25.1M | $25.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2136 | −0.136% | $14.3M | $10.3M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2137 | −0.112% | $25.6M | $17.9M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2137 | −0.103% | — | $6.9M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2138 | −0.056% | $102K | $220K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2130 | −0.407% | $206K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2131 | −0.376% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2131 | −0.356% | $598K | $611K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2130 | −0.402% | $171K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2136 | −0.145% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2134 | −0.220% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2137 | −0.117% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2136 | −0.154% | $199K | $267K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2137 | −0.098% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2137 | −0.121% | $192K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2131 | −0.397% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2139 | −0.028% | $2.3M | $6.2M | 75x | as long as short |
| Hyperliquid XLM | +0.0241% | 1h | 0.2139 | −0.014% | $11.9M | $5.8M | 5x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −0.566% | $476 | $154K | 12x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0312% / S −0.0166% | 1h | 0.2135 | −0.170% | $44K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2127 | −0.542% | $228K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0552% | 1h | 0.2137 | −0.079% | $2.6M | $2.6M | 50x | as long as short |
| Lighter XLM | +0.0736% | 1h | 0.2142 | +0.126% | $428K | $788K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0826% | 1h | 0.2139 | long leg | $531K | $170K | 25x |
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
Phoenix XLM
BloFin XLM-USDT
Hyperliquid XLM
Injective XLM/USDC PERP
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Lighter XLM