Funding you earn now, next payment 00:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +0.005%
Price spread now: Gate against Injective−0.464%69s7-day average +0.091% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 3 days (all we have)+0.646%+$65 · spread now −0.464%, 7d avg +0.091%
=Funding pays, the price is against you. Gate is 0.555% cheaper against Injective than usual: you would sell low and buy high (spread −0.464% now, against its 7-day average of +0.091%). If the spread goes back, that is −$55 on $10k: about 9 hours of funding at the current rate (+$153 a day). At the pace of the last 7 days (+0.026% in total) that is about 5 months. The two prices were read 69 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 0.026% in total (about 1.4% 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 | Injective XLM/USDC PERP | 0.2157 | −0.5000 | get 0.0625% / 1h | 6m 00s | $736 | $241K | 12x |
| Short | Gate XLM_USDT | 0.2147 | 0.0100 | get 0.0100% / 8h | 6m 00s | $4.1M | $6.3M | 75x |
Injective XLM/USDC PERP
Gate XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.464% → +0.091%
- −$55.48
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $1,000.5
- Costs to cover
- 0.150%
- Break-even
- 0.5 days
Slippage unknown: Injective: no order-book sample; Gate: 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 Gate live order book, 2 min ago | 1.63 bp | 13.9 bp −$14 | 33.2 bp −$332 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERPlong | −0.5000% | 1h | 0.2157 | long leg | $736 | $241K | 12x | |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2146 | −0.528% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0097% | 1h | 0.2146 | −0.511% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2150 | −0.311% | $576K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2148 | −0.415% | $55.5M | $150.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2147 | −0.459% | $43.5M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2147 | −0.450% | $13.0M | $41.6M | 50x | as long as short |
| Gate XLM_USDTshort | +0.0100% | 8h | 0.2147 | −0.464% | $4.1M | $6.3M | 75x | |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2146 | −0.519% | $24.9M | $26.5M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2147 | −0.468% | $14.4M | $10.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
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 | 0.2147 | −0.445% | $25.5M | $19.3M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2147 | −0.450% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2147 | −0.459% | $89K | $271K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2145 | −0.547% | $267K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2152 | −0.249% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2153 | −0.182% | $596K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2152 | −0.241% | $172K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2147 | −0.464% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2149 | −0.366% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2147 | −0.440% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2147 | −0.468% | $198K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2148 | −0.436% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2148 | −0.436% | $192K | $1.6M | 10x | as long as short |
| Lighter XLM | +0.0184% | 1h | 0.2151 | −0.297% | $396K | $836K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2149 | −0.366% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2151 | −0.287% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0315% / S −0.0167% | 1h | 0.2145 | −0.548% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0331% | 1h | 0.2149 | −0.356% | $12.3M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0415% | 1h | 0.2148 | −0.408% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2153 | −0.172% | $229K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0775% | 1h | 0.2149 | −0.389% | $533K | $161K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
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
Lighter XLM
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL