XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0688%/8h= +75.3% APRnext payment +$0.86 per $10,000 · paid last 24h +0.148%

Price spread now: Deribit against Extended+0.130%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.130%, 7d avg +0.095%

Together, before fees+0.063%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Deribit is 0.035% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.095%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.135% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.86 per $10,000. 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	Extended XLM-USD	0.2112	0.0104	pay 0.0013% / 1h	34m 42s	$188K	$1.7M	10x
Short	Deribit XLM_USDC-PERPETUAL	0.2114	0.0792	get 0.0099% / 1h	34m 42s	$524K	$168K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee DeribitbpOrdersPrice spread, now +0.130%Rate

Funding earned: $144.48
Price spread: +0.130% → +0.095%: $3.49
Slippage, 4 orders: −$16.36
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $119.61
Costs to cover: 0.284%
Break-even: 1.2 days

Slippage from Extended: live order book, 4 min ago; Deribit: live order book, 9 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 Extended live order book, 4 min ago	3.78 bp	7.1 bp −$7	12.9 bp −$129	doesn't fit	doesn't fit
Sell Deribit live order book, 9 min ago	2.59 bp	6.1 bp −$6	14.4 bp −$144	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	0.2113	+0.037%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.627%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2114	+0.102%	$354K	$933K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2113	+0.060%	$560K	$634K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2112	+0.006%	$54.2M	$163.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2110	−0.083%	$42.7M	$47.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2111	−0.036%	$12.2M	$44.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2112	−0.012%	$3.9M	$7.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2112	+0.021%	$25.2M	$28.8M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2112	+0.031%	$14.0M	$9.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2111	−0.055%	$25.3M	$23.1M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2111	−0.036%	—	$7.4M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2112	+0.018%	$252K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2118	+0.274%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2116	+0.218%	$593K	$593K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2117	+0.234%	$170K	$265K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2113	+0.059%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2112	−0.012%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2113	+0.050%	$576	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2114	+0.097%	$195K	$249K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2114	+0.097%	$8.7M	$9.1M	50x	as long as short
Extended XLM-USDlong	+0.0104%	1h	0.2112	long leg	$188K	$1.7M	10x
Hyperliquid XLM	+0.0174%	1h	0.2112	+0.031%	$12.0M	$6.5M	5x	as long as short
Backpack XLM_USDC_PERP	+0.0178%	1h	0.2113	+0.068%	$129K	$329K	20x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2115	+0.144%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0263%	1h	0.2114	+0.121%	$4K	$50K	5x	as long as short
dYdX XLM-USD	+0.0280%	1h	0.2112	−0.005%	$23K	$2K	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0334%	1h	0.2114	+0.095%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2113	+0.040%	$220K	$1.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2112	+0.018%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUALshort	+0.0792%	1h	0.2114	+0.130%	$524K	$168K	25x