Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Backpack against Gate−0.009%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.009%, 7d avg +0.005%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XLM_USDT | 0.2119 | 0.0100 | pay 0.0100% / 8h | 6h 55m | $4.0M | $6.3M | 75x |
| Short | Backpack XLM_USDC_PERP | 0.2119 | 0.0100 | get 0.0013% / 1h | 55m 05s | $88K | $263K | 20x |
Gate XLM_USDT
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $0
- Price spread: −0.009% → +0.005%
- −$1.47
- Slippage, 4 orders
- −$28.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$55.03
- Costs to cover
- 0.536%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Backpack: 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 Gate live order book, 3 min ago | 3.28 bp | 22.4 bp −$22 | 40.0 bp −$400 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 13 min ago | 0.23 bp | 8.7 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2118 | −0.054% | $23K | $2K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2118 | −0.060% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.293% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2120 | +0.066% | $372K | $871K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2120 | +0.042% | $54.0M | $153.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2119 | 0.000% | $42.8M | $45.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2120 | +0.042% | $12.7M | $41.1M | 50x | as long as short |
| Gate XLM_USDTlong | +0.0100% | 8h | 0.2119 | long leg | $4.0M | $6.3M | 75x | |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2120 | +0.047% | $24.0M | $26.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2119 | −0.009% | $14.1M | $10.1M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
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 | 0.2121 | +0.085% | $25.2M | $20.2M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2119 | +0.024% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0100% | 1h | 0.2119 | −0.009% | $88K | $263K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2119 | +0.018% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2133 | +0.658% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2127 | +0.410% | $593K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2129 | +0.491% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2118 | −0.038% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2116 | −0.142% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2119 | −0.014% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.009% | $196K | $268K | 20x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2118 | −0.028% | $195K | $1.7M | 10x | as long as short |
| Aster XLMUSDT | +0.0138% | 8h | 0.2119 | +0.009% | $568K | $623K | 75x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2120 | +0.071% | $2.3M | $5.2M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2137 | +0.883% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0225% | 1h | 0.2120 | +0.052% | $12.2M | $6.4M | 5x | as long as short |
| Phemex XLMUSDT | +0.0246% | 8h | 0.2122 | +0.146% | $8.9M | $9.0M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0250% / S −0.0198% | 1h | 0.2117 | −0.080% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0364% | 1h | 0.2119 | +0.014% | $526K | $150K | 25x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0382% | 1h | 0.2119 | +0.017% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2120 | +0.066% | $234K | $1.5M | 50x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
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
Extended XLM-USD
Aster XLMUSDT
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
Phemex XLMUSDT
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX