Funding you earn now, next payment 23:00 UTC−0.0372%/8h= −40.7% APRpaid last 24h −0.106%
Price spread now: BingX against Lighter−0.176%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$670.674% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.176%, 7d avg −0.111%
=Together, before fees−0.073%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BingX is 0.065% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.111%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% 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 | Lighter XLM | 0.2159 | 0.0472 | pay 0.0059% / 1h | 30m 19s | $418K | $812K | 5x |
| Short | BingX XLM-USDC | 0.2155 | 0.0100 | get 0.0100% / 8h | 1h 30m | — | $6.7M | — |
Lighter XLM
BingX XLM-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- −$78.12
- Price spread: −0.176% → −0.111%
- −$6.55
- Slippage, 4 orders
- −$57.36
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$152.03
- Costs to cover
- 0.674%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 50 min ago; BingX: live order book, 7 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 Lighter live order book, 50 min ago | 3.94 bp | 27.8 bp −$28 | 65.2 bp −$652 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 1.15 bp | 19.7 bp −$20 | 100.9 bp −$1,009 | 1020.3 bp −$102.0K | 1299.0 bp −$649.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit XLM_USDC-PERPETUAL | 0.0000% | 1h | 0.2159 | 0.000% | $536K | $176K | 25x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2155 | −0.201% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0014% | 1h | 0.2154 | −0.245% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2155 | −0.180% | $586K | $804K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2156 | −0.148% | $56.1M | $150.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2155 | −0.204% | $43.7M | $43.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2154 | −0.236% | $13.0M | $42.1M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2154 | −0.250% | $4.1M | $6.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2157 | −0.102% | $26.0M | $26.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2155 | −0.162% | $14.5M | $10.6M | 75x | as long as short |
Deribit XLM_USDC-PERPETUAL
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit 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 | 0.2154 | −0.218% | $25.7M | $19.1M | 75x | as long as short |
| BingX XLM-USDCshort | +0.0100% | 8h | 0.2155 | −0.176% | — | $6.7M | — | |
| Variational Omni XLM | +0.0100% | 8h | 0.2160 | +0.057% | $297K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2169 | +0.441% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2170 | +0.495% | $601K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2166 | +0.310% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2155 | −0.185% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2148 | −0.491% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2158 | −0.023% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2162 | +0.148% | $200K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2158 | −0.037% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2154 | −0.248% | $193K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0218% | 1h | 0.2157 | −0.079% | $102K | $261K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2159 | 0.000% | $2.4M | $6.0M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2175 | +0.727% | $5K | $41K | 5x | as long as short |
| Hyperliquid XLM | +0.0291% | 1h | 0.2157 | −0.079% | $12.3M | $6.1M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2155 | −0.189% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2163 | +0.208% | $233K | $1.5M | 50x | as long as short |
| Lighter XLMlong | +0.0472% | 1h | 0.2159 | long leg | $418K | $812K | 5x | |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2033 | −5.836% | $5K | $238K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0506% | 1h | 0.2159 | −0.013% | $2.6M | $2.7M | 50x | as long as short |
Bitget XLMUSDT
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
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD