Funding you earn now, next payment 04:00 UTC−0.0821%/8h= −89.9% APRpaid last 24h −0.136%
Price spread now: Bitget against Deribit−0.164%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.164%, 7d avg −0.076%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Bitget is 0.087% cheaper against Deribit than usual: you would sell low and buy high (−$9 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 -0.169% in total (about -8.8% 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 | 0.2138 | 0.0921 | pay 0.0115% / 1h | 0m 11s | $530K | $153K | 25x |
| Short | Bitget XLMUSDT | 0.2134 | 0.0100 | get 0.0100% / 8h | 4h 00m | $25.7M | $21.4M | 75x |
Deribit XLM_USDC-PERPETUAL
Bitget XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$172.41
- Price spread: −0.164% → −0.076%
- −$8.73
- Slippage, 4 orders
- −$17.98
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$218.12
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 59 min ago; Bitget: live order book, 4 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 | 3.05 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.47 bp | 11.7 bp −$12 | 15.7 bp −$157 | 44.4 bp −$4,443 | 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 | 0.2135 | −0.138% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.599% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2138 | 0.000% | $370K | $968K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2135 | −0.112% | $568K | $622K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2134 | −0.164% | $54.5M | $155.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2134 | −0.173% | $43.1M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2134 | −0.168% | $12.5M | $42.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2135 | −0.112% | $4.0M | $6.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2135 | −0.145% | $23.8M | $27.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2136 | −0.084% | $14.1M | $9.5M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit 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 XLMUSDTshort | +0.0100% | 8h | 0.2134 | −0.164% | $25.7M | $21.4M | 75x | |
| BingX XLM-USDC | +0.0100% | 8h | 0.2135 | −0.154% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2135 | −0.117% | $126K | $290K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2134 | −0.172% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2131 | −0.307% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2131 | −0.297% | $590K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2131 | −0.337% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2136 | −0.084% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2134 | −0.201% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2136 | −0.094% | $582 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2132 | −0.271% | $197K | $253K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2135 | −0.145% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2136 | −0.095% | $190K | $1.8M | 10x | as long as short |
| Hyperliquid XLM | +0.0214% | 1h | 0.2136 | −0.070% | $12.3M | $6.3M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2137 | −0.056% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2136 | −0.089% | $5K | $46K | 5x | as long as short |
| dYdX XLM-USD | +0.0257% | 1h | 0.2136 | −0.062% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0264% | 1h | 0.2136 | −0.107% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0480% | 1h | 0.2132 | −0.271% | $236K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0519% / S −0.0247% | 1h | 0.2135 | −0.133% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0921% | 1h | 0.2138 | long leg | $530K | $153K | 25x |
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
Phemex XLMUSDT
Extended XLM-USD
Hyperliquid XLM
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]