Funding you earn now, next payment 11:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.168%
Price spread now: MEXC against Deribit−0.110%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Funding, last 7 days−0.237%−$24 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.110%, 7d avg −0.060%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and MEXC is 0.049% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.237% in total (about -12.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XLM_USDC-PERPETUAL | 0.2100 | 0.0608 | pay 0.0076% / 1h | 28m 49s | $520K | $103K | 25x |
| Short | MEXC XLM_USDT | 0.2098 | 0.0100 | get 0.0100% / 8h | 5h 28m | $24.2M | $27.5M | 300x |
Deribit XLM_USDC-PERPETUAL
MEXC XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$106.68
- Price spread: −0.110% → −0.060%
- −$4.94
- Slippage, 4 orders
- −$14.75
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$133.37
- Costs to cover
- 0.217%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 18 min ago; MEXC: live order book, 3 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, 18 min ago | 5.19 bp | 8.7 bp −$9 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.24 bp | 2.1 bp −$2 | 10.9 bp −$109 | 37.5 bp −$3,747 | 110.7 bp −$55.4K |
XLM on 31 exchanges
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 | 0.2101 | +0.050% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +1.176% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2102 | +0.057% | $369K | $806K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2099 | −0.069% | $556K | $434K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2098 | −0.102% | $54.3M | $143.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2097 | −0.157% | $43.4M | $41.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2098 | −0.110% | $12.2M | $42.1M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2098 | −0.114% | $3.9M | $6.7M | 75x | as long as short |
| MEXC XLM_USDTshort | +0.0100% | 8h | 0.2098 | −0.110% | $24.2M | $27.5M | 300x | |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2098 | −0.110% | $13.9M | $8.6M | 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
KuCoin XLMUSDTMShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2097 | −0.138% | $25.6M | $21.3M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2098 | −0.129% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2098 | −0.119% | $119K | $297K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2100 | −0.014% | $250K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2101 | +0.055% | $12K | $311K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2101 | +0.025% | $587K | $521K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2101 | +0.038% | $168K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2099 | −0.062% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2100 | −0.010% | $2K | $1.4M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2099 | −0.071% | $572 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2102 | +0.057% | $189K | $242K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2099 | −0.062% | $8.5M | $8.4M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2097 | −0.134% | $187K | $608K | 10x | as long as short |
| Phoenix XLM | +0.0150% | 1h | 0.2102 | +0.057% | $4K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2099 | −0.071% | $2.3M | $5.1M | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0258% | 1h | 0.2099 | −0.065% | $2.5M | $2.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0295% | 1h | 0.2101 | +0.024% | $12.3M | $5.6M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2102 | +0.081% | $209K | $1.3M | 50x | as long as short |
| dYdX XLM-USD | +0.0425% | 1h | 0.2100 | +0.008% | $27K | $5K | 10x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0510% / S −0.0245% | 1h | 0.2098 | −0.106% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0608% | 1h | 0.2100 | long leg | $520K | $103K | 25x |
Bitget XLMUSDT
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
Phoenix XLM
BloFin XLM-USDT
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]