Funding you earn now, next payment 00:00 UTC−0.0856%/8h= −93.7% APRpaid last 24h −0.164%
Price spread now: GRVT against Deribit−0.353%75s7-day average −0.090% · 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—prices read too far apart to compare
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 3 days (all we have)+0.247%+$25 · spread now −0.353%, 7d avg −0.090%
=Together, before fees+0.078%+ Points / potential airdropGRVT: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and GRVT is 0.263% cheaper against Deribit than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.090%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
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 | 0.2159 | 0.0956 | pay 0.0120% / 1h | 59m 41s | $536K | $161K | 25x |
| Short | GRVT XLM_USDT_Perp | 0.2152 | 0.0100 | get 0.0100% / 8h | 7h 59m | $595K | $604K | 10x |
Deribit XLM_USDC-PERPETUAL
GRVT XLM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$179.76
- Price spread: −0.353% → −0.090%
- −$26.31
- Slippage, 4 orders
- −$16.23
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$238.3
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 14 min ago; GRVT: live order book, 13 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, 14 min ago | 2.56 bp | 6.1 bp −$6 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 13 min ago | 1.39 bp | 9.9 bp −$10 | 19.5 bp −$195 | 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 | 0.2157 | −0.107% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2156 | −0.145% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0086% | 1h | 0.2156 | −0.160% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2159 | −0.028% | $579K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2153 | −0.270% | $55.5M | $151.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2153 | −0.292% | $43.7M | $44.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2153 | −0.273% | $13.0M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2156 | −0.171% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2155 | −0.222% | $24.9M | $26.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2155 | −0.199% | $14.4M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
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 XLMUSDT | +0.0100% | 8h | 0.2154 | −0.236% | $25.5M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2154 | −0.241% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2157 | −0.093% | $89K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2153 | −0.282% | $268K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2153 | −0.293% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perpshort | +0.0100% | 8h | 0.2152 | −0.353% | $595K | $604K | 10x | |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2153 | −0.292% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2157 | −0.107% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2159 | −0.028% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2157 | −0.083% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2156 | −0.157% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2157 | −0.093% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2155 | −0.180% | $193K | $1.6M | 10x | as long as short |
| Lighter XLM | +0.0144% | 1h | 0.2157 | −0.111% | $397K | $831K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2156 | −0.139% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2149 | −0.482% | $5K | $42K | 5x | as long as short |
| Hyperliquid XLM | +0.0238% | 1h | 0.2157 | −0.102% | $12.3M | $6.2M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0315% / S −0.0167% | 1h | 0.2156 | −0.139% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0413% | 1h | 0.2158 | −0.071% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2158 | −0.056% | $230K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0956% | 1h | 0.2159 | long leg | $536K | $161K | 25x |
Bitget XLMUSDT
BingX XLM-USDT
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Lighter XLM
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX