Funding you earn now, next payment 03:00 UTC−0.0981%/8h= −107.4% APRpaid last 24h +0.194%
Price spread now: Bitget against Injective−0.188%121s7-day average +0.137% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.249%+$25 on $10k
+Price spread, last 4 days (all we have)+0.405%+$40 · spread now −0.188%, 7d avg +0.137%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Bitget is 0.325% cheaper against Injective than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.137%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.249%, so the current rate has only just turned against you. The two prices were read 121 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 0.249% in total (about 13.0% 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 | Injective XLM/USDC PERP | 0.2125 | 0.1081 | pay 0.0135% / 1h | 41m 23s | $683 | $241K | 12x |
| Short | Bitget XLMUSDT | 0.2121 | 0.0100 | get 0.0100% / 8h | 5h 41m | $25.5M | $20.8M | 75x |
Injective XLM/USDC PERP
Bitget XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Injective. 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
- −$205.99
- Price spread: −0.188% → +0.137%
- −$32.51
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$250.52
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 2 min ago | 1.18 bp | 9.7 bp −$10 | 21.9 bp −$219 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.168% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2123 | −0.085% | $357K | $901K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2123 | −0.115% | $54.4M | $153.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2122 | −0.136% | $42.9M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2121 | −0.169% | $12.6M | $41.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2122 | −0.146% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2122 | −0.136% | $23.8M | $26.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2122 | −0.165% | $14.0M | $9.9M | 75x | as long as short |
| Bitget XLMUSDTshort | +0.0100% | 8h | 0.2121 | −0.188% | $25.5M | $20.8M | 75x | |
| BingX XLM-USDC | +0.0100% | 8h | 0.2123 | −0.108% | — | $6.7M | — | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
BingX XLM-USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2126 | +0.061% | $93K | $262K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2114 | −0.512% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2124 | −0.032% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2128 | +0.132% | $589K | $598K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2127 | +0.104% | $170K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2121 | −0.188% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2126 | +0.033% | $2K | $1.6M | 20x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2127 | +0.094% | $196K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | +0.099% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2122 | −0.133% | $189K | $1.8M | 10x | as long as short |
| SoDEX XLM-USD | +0.0111% | 1h | 0.2127 | +0.085% | $2K | $6K | 5x | as long as short |
| Aster XLMUSDT | +0.0112% | 8h | 0.2124 | −0.038% | $565K | $624K | 75x | as long as short |
| dYdX XLM-USD | +0.0214% | 1h | 0.2120 | −0.254% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2126 | +0.042% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2128 | +0.127% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0446% | 1h | 0.2124 | −0.042% | $12.3M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0462% | 1h | 0.2127 | +0.100% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2125 | +0.019% | $233K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2122 | −0.163% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0691% | 1h | 0.2128 | +0.127% | $528K | $153K | 25x | as long as short |
| Injective XLM/USDC PERPlong | +0.1081% | 1h | 0.2125 | long leg | $683 | $241K | 12x |
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
SoDEX XLM-USD
Aster XLMUSDT
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL