Funding you earn now, next payment 00:00 UTC−0.0753%/8h= −82.5% APRpaid last 24h −0.137%
Price spread now: Gate against Deribit−0.124%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days−0.176%−$18 on $10k
+Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.124%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Gate is 0.057% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% 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 | 0.2178 | 0.0853 | pay 0.0107% / 1h | 54m 14s | $540K | $160K | 25x |
| Short | Gate XLM_USDT | 0.2175 | 0.0100 | get 0.0100% / 8h | 54m 14s | $4.1M | $6.1M | 75x |
Deribit XLM_USDC-PERPETUAL
Gate XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$158.13
- Price spread: −0.124% → −0.067%
- −$5.73
- Slippage, 4 orders
- −$29.71
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$215.56
- Costs to cover
- 0.517%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 25 min ago; Gate: 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, 25 min ago | 5.54 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.70 bp | 15.2 bp −$15 | 30.2 bp −$302 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2038 | −6.411% | $5K | $238K | 12x | as long as short |
| dYdX XLM-USD | 0.0000% | 1h | 0.2173 | −0.220% | $24K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2174 | −0.184% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2175 | −0.133% | $583K | $785K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2176 | −0.051% | $56.4M | $151.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2175 | −0.115% | $44.3M | $44.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2175 | −0.115% | $13.2M | $42.5M | 50x | as long as short |
| Gate XLM_USDTshort | +0.0100% | 8h | 0.2175 | −0.124% | $4.1M | $6.1M | 75x | |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2176 | −0.060% | $25.9M | $25.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2176 | −0.083% | $14.6M | $10.6M | 75x | as long as short |
Injective XLM/USDC PERP
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
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 | 0.2175 | −0.096% | $25.9M | $19.4M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2175 | −0.119% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | −0.615% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2164 | −0.637% | $12K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | −0.620% | $599K | $633K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2164 | −0.638% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2176 | −0.073% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2173 | −0.230% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2176 | −0.083% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2175 | −0.124% | $201K | $262K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2176 | −0.083% | $9.2M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2176 | −0.079% | $194K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0122% | 1h | 0.2171 | −0.303% | $98K | $268K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2170 | −0.344% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2163 | −0.652% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0317% / S −0.0167% | 1h | 0.2174 | −0.174% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0410% | 1h | 0.2176 | −0.065% | $2.7M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2177 | −0.032% | $235K | $1.6M | 50x | as long as short |
| Lighter XLM | +0.0592% | 1h | 0.2180 | +0.096% | $421K | $809K | 5x | as long as short |
| Hyperliquid XLM | +0.0614% | 1h | 0.2178 | +0.013% | $12.4M | $6.1M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0853% | 1h | 0.2178 | long leg | $540K | $160K | 25x |
Bitget XLMUSDT
BingX XLM-USDT
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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Lighter XLM
Hyperliquid XLM