Funding you earn now, next payment 05:00 UTC−0.1007%/8h= −110.3% APRpaid last 24h −0.136%
Price spread now: BingX against Deribit−0.098%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days−0.158%−$16 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.098%, 7d avg −0.076%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and BingX is 0.023% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.076%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.158% in total (about -8.2% 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 | 0.1107 | pay 0.0138% / 1h | 56m 09s | $531K | $153K | 25x |
| Short | BingX XLM-USDT | 0.2137 | 0.0100 | get 0.0100% / 8h | 3h 56m | — | $7.3M | — |
Deribit XLM_USDC-PERPETUAL
BingX XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$211.47
- Price spread: −0.098% → −0.076%
- −$2.26
- Slippage, 4 orders
- −$16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$246.73
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 63 min ago; BingX: live order book, 7 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, 63 min ago | 3.05 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 0.23 bp | 7.7 bp −$8 | 10.4 bp −$104 | 21.9 bp −$2,189 | 78.2 bp −$39.1K |
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 | 0.2134 | −0.221% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.664% | $683 | $241K | 12x | as long as short |
| dYdX XLM-USD | +0.0060% | 1h | 0.2133 | −0.308% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2140 | +0.037% | $370K | $960K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2137 | −0.106% | $568K | $622K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2136 | −0.140% | $54.6M | $155.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2135 | −0.196% | $43.1M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2135 | −0.192% | $12.5M | $42.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2137 | −0.112% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2136 | −0.145% | $23.8M | $26.8M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
dYdX XLM-USD
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2138 | −0.047% | $14.1M | $9.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2137 | −0.112% | $25.8M | $21.5M | 75x | as long as short |
| BingX XLM-USDTshort | +0.0100% | 8h | 0.2137 | −0.098% | — | $7.3M | — | |
| Variational Omni XLM | +0.0100% | 8h | 0.2137 | −0.097% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2136 | −0.168% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2134 | −0.242% | $590K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2136 | −0.168% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2138 | −0.056% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2133 | −0.285% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2138 | −0.056% | $582 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2134 | −0.248% | $197K | $253K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2138 | −0.061% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2137 | −0.094% | $190K | $1.8M | 10x | as long as short |
| Hyperliquid XLM | +0.0179% | 1h | 0.2139 | −0.019% | $12.3M | $6.3M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0185% | 1h | 0.2138 | −0.063% | $2.6M | $2.7M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2137 | −0.122% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2137 | −0.093% | $5K | $46K | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0437% | 1h | 0.2138 | −0.075% | $126K | $290K | 20x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2137 | −0.093% | $239K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2135 | −0.209% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.1107% | 1h | 0.2139 | long leg | $531K | $153K | 25x |
KuCoin XLMUSDTM
Bitget XLMUSDT
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
Hyperliquid XLM
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Backpack XLM_USDC_PERP
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]