Funding you earn now, next payment 07:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h +0.005%
Price spread now: Backpack against KuCoin+0.038%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$590.593% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.038%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.042% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XLMUSDTM | 0.2126 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $14.1M | $9.4M | 75x |
| Short | Backpack XLM_USDC_PERP | 0.2127 | 0.0209 | get 0.0026% / 1h | 6m 56s | $130K | $349K | 20x |
KuCoin XLMUSDTM
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $22.88
- Price spread: +0.038% → −0.005%
- $4.22
- Slippage, 4 orders
- −$37.32
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$32.22
- Costs to cover
- 0.593%
- Break-even
- 16.9 days
Slippage from KuCoin: live order book, 2 min ago; Backpack: live order book, 37 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 KuCoin live order book, 2 min ago | 0.24 bp | 24.3 bp −$24 | 36.5 bp −$365 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 37 min ago | 1.42 bp | 9.1 bp −$9 | 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 | 0.2125 | −0.065% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.052% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2129 | +0.146% | $367K | $947K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2126 | +0.009% | $563K | $615K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2127 | +0.033% | $54.6M | $162.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2125 | −0.038% | $43.1M | $47.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2126 | −0.009% | $12.2M | $44.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2126 | −0.024% | $4.0M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2127 | +0.028% | $24.8M | $29.2M | 300x | as long as short |
| KuCoin XLMUSDTMlong | +0.0100% | 8h | 0.2126 | long leg | $14.1M | $9.4M | 75x |
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_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2126 | −0.009% | $25.5M | $22.8M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2126 | −0.014% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2123 | −0.141% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2124 | −0.102% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2122 | −0.190% | $595K | $591K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2123 | −0.127% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2125 | −0.052% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2123 | −0.160% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2126 | +0.005% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2122 | −0.193% | $196K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | +0.042% | $8.7M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2126 | −0.018% | $189K | $1.5M | 10x | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0209% | 1h | 0.2127 | +0.038% | $130K | $349K | 20x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2126 | −0.009% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0263% | 1h | 0.2124 | −0.108% | $4K | $50K | 5x | as long as short |
| Hyperliquid XLM | +0.0302% | 1h | 0.2129 | +0.146% | $12.1M | $6.5M | 5x | as long as short |
| dYdX XLM-USD | +0.0309% | 1h | 0.2121 | −0.260% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0331% | 1h | 0.2128 | +0.072% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2123 | −0.165% | $221K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2125 | −0.056% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1115% | 1h | 0.2128 | +0.080% | $527K | $168K | 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
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL