Funding you earn now, next payment 06:00 UTC−0.0877%/8h= −96.0% APRpaid last 24h −0.145%
Price spread now: SunX against Deribit−0.156%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1391.387% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.156%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and SunX is 0.126% cheaper against Deribit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% 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 | 0.2121 | 0.0977 | pay 0.0122% / 1h | 12m 25s | $526K | $164K | 25x |
| Short | SunX XLM-USDT | 0.2118 | 0.0100 | get 0.0100% / 8h | 2h 12m | $2K | $1.7M | 20x |
Deribit XLM_USDC-PERPETUAL
SunX XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$184.17
- Price spread: −0.156% → −0.029%
- −$12.62
- Slippage, 4 orders
- −$123.7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$335.49
- Costs to cover
- 1.387%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 36 min ago; SunX: 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, 36 min ago | 3.77 bp | 7.3 bp −$7 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell SunX live order book, 13 min ago | 29.46 bp | 76.2 bp −$76 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2119 | −0.091% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.184% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2122 | +0.061% | $356K | $995K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2119 | −0.080% | $562K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2121 | −0.018% | $54.4M | $162.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2119 | −0.075% | $42.9M | $47.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2121 | −0.005% | $12.3M | $44.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2119 | −0.075% | $4.0M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2121 | 0.000% | $24.2M | $28.5M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2120 | −0.047% | $13.9M | $9.4M | 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 XLMUSDT | +0.0100% | 8h | 0.2120 | −0.047% | $25.5M | $22.8M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2120 | −0.057% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2121 | −0.024% | $131K | $315K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2111 | −0.469% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | −0.321% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2115 | −0.268% | $586K | $603K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2114 | −0.335% | $169K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2121 | −0.005% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDTshort | +0.0100% | 8h | 0.2118 | −0.156% | $2K | $1.7M | 20x | |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2119 | −0.094% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.099% | $195K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2119 | −0.104% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2120 | −0.047% | $189K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0143% | 1h | 0.2119 | −0.079% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0184% | 1h | 0.2122 | +0.057% | $12.1M | $6.6M | 5x | as long as short |
| dYdX XLM-USD | +0.0198% | 1h | 0.2119 | −0.082% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2120 | −0.052% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2115 | −0.269% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2117 | −0.174% | $226K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0228% | 1h | 0.2119 | −0.097% | $41K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0977% | 1h | 0.2121 | long leg | $526K | $164K | 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
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Kraken Futures PF_XLMUSD
Hyperliquid XLM
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]