Funding you earn now, next payment 00:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +0.011%
Price spread now: Bybit against Injective+6.727%68s7-day average +0.066% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)−6.555%−$656 · spread now +6.727%, 7d avg +0.066%
=Both sides work for this trade now. Funding pays +$153 a day on $10k at the current rate, and Bybit is 6.662% dearer against Injective than usual: you sell high and buy low: +$666 more if the spread goes back to its 7-day average of +0.066%. The two prices were read 68 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 0.043% in total (about 2.2% 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 | 0.2038 | −0.5000 | get 0.0625% / 1h | 54m 18s | $5K | $238K | 12x |
| Short | Bybit XLMUSDT | 0.2175 | 0.0100 | get 0.0100% / 8h | 54m 18s | $44.3M | $44.2M | 75x |
Injective XLM/USDC PERP
Bybit XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $1,071
- Price spread: +6.727% → +0.066%
- $666.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $1,726.14
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 2.31 bp | 8.0 bp −$8 | 15.9 bp −$159 | 63.2 bp −$6,320 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERPlong | −0.5000% | 1h | 0.2038 | long leg | $5K | $238K | 12x | |
| dYdX XLM-USD | 0.0000% | 1h | 0.2173 | +6.615% | $24K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2174 | +6.654% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2175 | +6.708% | $583K | $785K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2176 | +6.796% | $56.4M | $151.9M | 75x | as long as short |
| Bybit XLMUSDTshort | +0.0100% | 8h | 0.2175 | +6.727% | $44.3M | $44.2M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2175 | +6.727% | $13.2M | $42.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2175 | +6.717% | $4.1M | $6.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2176 | +6.786% | $25.9M | $25.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2176 | +6.762% | $14.6M | $10.6M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance 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 | 0.2175 | +6.747% | $25.9M | $19.4M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2175 | +6.722% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | +6.193% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2164 | +6.169% | $12K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | +6.187% | $599K | $633K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2164 | +6.168% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2176 | +6.771% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2173 | +6.605% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2176 | +6.762% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2175 | +6.717% | $201K | $262K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2176 | +6.762% | $9.2M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2176 | +6.765% | $194K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0122% | 1h | 0.2171 | +6.526% | $98K | $268K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2170 | +6.482% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2163 | +6.153% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0317% / S −0.0167% | 1h | 0.2174 | +6.664% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0410% | 1h | 0.2176 | +6.780% | $2.7M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2177 | +6.816% | $235K | $1.6M | 50x | as long as short |
| Lighter XLM | +0.0592% | 1h | 0.2180 | +6.953% | $421K | $809K | 5x | as long as short |
| Hyperliquid XLM | +0.0614% | 1h | 0.2178 | +6.864% | $12.4M | $6.1M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0853% | 1h | 0.2178 | +6.850% | $540K | $160K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Phemex XLMUSDT
Extended XLM-USD
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Lighter XLM
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL