Funding you earn now, next payment 00:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.144%
Price spread now: Deribit against edgeX+0.153%75s7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as 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−$300.304% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.153%, 7d avg +0.083%
=Together, before fees+0.084%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.071% dearer against edgeX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.083%. 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 0.097% in total (about 5.1% 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 | edgeX XLMUSDC | 0.2170 | 0.0100 | pay 0.0050% / 4h | 49m 51s | $12K | $300K | 10x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2173 | 0.0395 | get 0.0049% / 1h | 49m 51s | $539K | $160K | 25x |
edgeX XLMUSDC
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against edgeX. 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
- $61.95
- Price spread: +0.153% → +0.083%
- $7.05
- Slippage, 4 orders
- −$14.43
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $38.58
- Costs to cover
- 0.304%
- Break-even
- 2.6 days
Slippage from edgeX: live order book, 28 min ago; Deribit: live order book, 29 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 edgeX live order book, 28 min ago | 1.39 bp | 6.1 bp −$6 | 21.8 bp −$218 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 29 min ago | 5.54 bp | 9.0 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2046 | −5.722% | $6K | $238K | 12x | as long as short |
| dYdX XLM-USD | 0.0000% | 1h | 0.2173 | +0.117% | $24K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2173 | +0.112% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2175 | +0.200% | $583K | $785K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2172 | +0.088% | $56.1M | $151.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2171 | +0.047% | $44.2M | $43.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2171 | +0.043% | $13.2M | $42.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2172 | +0.061% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2172 | +0.098% | $25.9M | $25.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2172 | +0.070% | $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
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 | 0.2172 | +0.061% | $25.8M | $19.2M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2172 | +0.066% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2175 | +0.233% | $258K | $1.3M | — | as long as short |
| edgeX XLMUSDClong | +0.0100% | 4h | 0.2170 | long leg | $12K | $300K | 10x | |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2175 | +0.216% | $602K | $633K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2178 | +0.356% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2172 | +0.084% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2160 | −0.473% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2171 | +0.043% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2174 | +0.195% | $201K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2172 | +0.061% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2172 | +0.066% | $194K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0150% | 1h | 0.2172 | +0.070% | $98K | $265K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2174 | +0.176% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2175 | +0.245% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0317% / S −0.0167% | 1h | 0.2172 | +0.090% | $45K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0395% | 1h | 0.2173 | +0.153% | $539K | $160K | 25x | |
| Kraken Futures PF_XLMUSD | +0.0411% | 1h | 0.2172 | +0.067% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2175 | +0.218% | $234K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0567% | 1h | 0.2174 | +0.176% | $12.4M | $6.1M | 5x | as long as short |
| Lighter XLM | +0.0592% | 1h | 0.2174 | +0.172% | $420K | $809K | 5x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
Variational Omni XLM
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
Hyperliquid XLM
Lighter XLM