Funding you earn now, next payment 04:00 UTC+0.0923%/8h= +101.1% APRpaid last 24h +0.136%
Price spread now: Deribit against GRVT+0.181%45s7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as 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−$450.447% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.181%, 7d avg +0.084%
=Together, before fees+0.175%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Deribit is 0.097% dearer against GRVT than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.084%. The two prices were read 45 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 0.162% in total (about 8.4% 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 | GRVT XLM_USDT_Perp | 0.2120 | 0.0100 | pay 0.0100% / 8h | 4h 45m | $591K | $595K | 10x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2124 | 0.1023 | get 0.0128% / 1h | 45m 38s | $527K | $153K | 25x |
GRVT XLM_USDT_Perp
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against GRVT. 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
- $193.83
- Price spread: +0.181% → +0.084%
- $9.69
- Slippage, 4 orders
- −$28.71
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $158.81
- Costs to cover
- 0.447%
- Break-even
- 1.3 days
Slippage from GRVT: live order book, 12 min ago; Deribit: 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 GRVT live order book, 12 min ago | 2.59 bp | 14.8 bp −$15 | 30.5 bp −$305 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 13 min ago | 3.05 bp | 11.2 bp −$11 | 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 | −0.033% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.247% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2123 | +0.162% | $371K | $961K | 5x | as long as short |
| Hyperliquid XLM | +0.0100% | 1h | 0.2122 | +0.115% | $12.2M | $6.2M | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2121 | +0.065% | $564K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2123 | +0.135% | $54.2M | $154.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2121 | +0.072% | $42.9M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2122 | +0.086% | $12.4M | $42.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2121 | +0.077% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2122 | +0.100% | $23.7M | $26.7M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Hyperliquid XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2121 | +0.039% | $14.0M | $9.7M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2121 | +0.058% | $25.5M | $21.2M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2121 | +0.072% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2122 | +0.105% | $95K | $274K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2120 | +0.016% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2119 | −0.022% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perplong | +0.0100% | 8h | 0.2120 | long leg | $591K | $595K | 10x | |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2118 | −0.084% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2122 | +0.105% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.051% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2123 | +0.133% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2120 | +0.006% | $196K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2123 | +0.138% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2121 | +0.075% | $189K | $1.8M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2118 | −0.079% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2121 | +0.053% | $5K | $46K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0266% | 1h | 0.2122 | +0.128% | $2.6M | $2.6M | 50x | as long as short |
| dYdX XLM-USD | +0.0288% | 1h | 0.2121 | +0.044% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0480% | 1h | 0.2120 | −0.003% | $233K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2119 | −0.037% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.1023% | 1h | 0.2124 | +0.181% | $527K | $153K | 25x |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
Kraken Futures PF_XLMUSD
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]