Funding you earn now, next payment 01:00 UTC+0.0576%/8h= +63.1% APRpaid last 24h +0.147%
Price spread now: Deribit against KuCoin+0.162%53s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as 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−$470.471% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.162%, 7d avg +0.057%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Deribit is 0.105% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.057%. The two prices were read 53 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 0.176% in total (about 9.2% 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 | KuCoin XLMUSDTM | 0.2158 | 0.0100 | pay 0.0100% / 8h | 7h 53m | $14.4M | $10.4M | 75x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2162 | 0.0676 | get 0.0085% / 1h | 53m 28s | $537K | $161K | 25x |
KuCoin XLMUSDTM
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $120.96
- Price spread: +0.162% → +0.057%
- $10.54
- Slippage, 4 orders
- −$28.12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $84.38
- Costs to cover
- 0.471%
- Break-even
- 2.1 days
Slippage from KuCoin: live order book, 5 min ago; Deribit: live order book, 20 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, 5 min ago | 1.62 bp | 17.3 bp −$17 | 34.5 bp −$345 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 20 min ago | 2.56 bp | 6.1 bp −$6 | 14.9 bp −$149 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2157 | −0.069% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2161 | +0.096% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0078% | 1h | 0.2158 | −0.039% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2162 | +0.176% | $580K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2162 | +0.141% | $55.7M | $151.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2161 | +0.134% | $44.0M | $44.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2162 | +0.144% | $13.1M | $41.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2159 | +0.028% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2159 | +0.023% | $24.8M | $26.1M | 300x | as long as short |
| KuCoin XLMUSDTMlong | +0.0100% | 8h | 0.2158 | long leg | $14.4M | $10.4M | 75x |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
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 | 0.2162 | +0.162% | $25.6M | $19.4M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2161 | +0.134% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2163 | +0.218% | $284K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2161 | +0.097% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2163 | +0.197% | $598K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2160 | +0.065% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2162 | +0.162% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2162 | +0.181% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2160 | +0.093% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2161 | +0.107% | $199K | $256K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2160 | +0.093% | $9.0M | $9.1M | 50x | as long as short |
| Lighter XLM | +0.0104% | 1h | 0.2161 | +0.111% | $399K | $836K | 5x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2162 | +0.153% | $193K | $1.6M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2161 | +0.139% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2160 | +0.065% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2162 | +0.185% | $5K | $42K | 5x | as long as short |
| Hyperliquid XLM | +0.0250% | 1h | 0.2161 | +0.102% | $12.5M | $6.2M | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0251% | 1h | 0.2161 | +0.116% | $89K | $269K | 20x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2161 | +0.093% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2164 | +0.241% | $229K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0676% | 1h | 0.2162 | +0.162% | $537K | $161K | 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
HTX XLM-USDT
Phemex XLMUSDT
Lighter XLM
Extended XLM-USD
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
Backpack XLM_USDC_PERP
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX