Funding you earn now, next payment 06:00 UTC+0.0593%/8h= +64.9% APRpaid last 24h +0.141%
Price spread now: Deribit against HTX+0.094%58s7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as 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−$790.791% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.094%, 7d avg +0.058%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Deribit is 0.036% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.058%. The two prices were read 58 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 0.121% in total (about 6.3% 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 | HTX XLM-USDT | 0.2122 | 0.0100 | pay 0.0100% / 8h | 2h 56m | $195K | $250K | 20x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2124 | 0.0693 | get 0.0087% / 1h | 56m 24s | $527K | $162K | 25x |
HTX XLM-USDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against HTX. 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
- $124.53
- Price spread: +0.094% → +0.058%
- $3.59
- Slippage, 4 orders
- −$60.12
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $49
- Costs to cover
- 0.791%
- Break-even
- 4.2 days
Slippage from HTX: live order book, 55 min ago; Deribit: live order book, 57 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 HTX live order book, 55 min ago | 13.29 bp | 30.1 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 57 min ago | 5.12 bp | 8.6 bp −$9 | 18.1 bp −$181 | 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 | 0.2121 | −0.017% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.151% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2124 | +0.123% | $373K | $959K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2122 | −0.014% | $563K | $624K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2122 | +0.018% | $54.2M | $159.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2121 | −0.033% | $43.0M | $46.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2122 | +0.009% | $12.5M | $43.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2121 | −0.057% | $4.1M | $7.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2121 | −0.052% | $25.2M | $27.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2121 | −0.019% | $13.9M | $9.5M | 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 | 0.2122 | +0.014% | $25.5M | $22.3M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2122 | 0.000% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2121 | −0.032% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2122 | +0.030% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2123 | +0.045% | $595K | $608K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2120 | −0.104% | $170K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2122 | +0.009% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2116 | −0.264% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2122 | +0.019% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDTlong | +0.0100% | 8h | 0.2122 | long leg | $195K | $250K | 20x | |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2125 | +0.165% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2122 | +0.004% | $190K | $1.8M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0111% | 1h | 0.2127 | +0.236% | $127K | $294K | 20x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0142% | 1h | 0.2123 | +0.053% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0153% | 1h | 0.2122 | +0.028% | $12.2M | $6.4M | 5x | as long as short |
| dYdX XLM-USD | +0.0165% | 1h | 0.2122 | −0.009% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2125 | +0.156% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2123 | +0.057% | $5K | $46K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2121 | −0.052% | $234K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2121 | −0.032% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0693% | 1h | 0.2124 | +0.094% | $527K | $162K | 25x |
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
Phemex XLMUSDT
Extended XLM-USD
Backpack XLM_USDC_PERP
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]