Funding you earn now, next payment 22:00 UTC−0.0620%/8h= −67.9% APRpaid last 24h −0.097%
Price spread now: Bitget against Lighter−0.225%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.225%, 7d avg −0.111%
=Together, before fees−0.031%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.113% cheaper against Lighter than usual: you would sell low and buy high (−$11 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 -0.134% in total (about -7.0% 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 | 0.2136 | 0.0720 | pay 0.0090% / 1h | 31m 27s | $426K | $788K | 5x |
| Short | Bitget XLMUSDT | 0.2131 | 0.0100 | get 0.0100% / 8h | 2h 31m | $25.5M | $17.9M | 75x |
Lighter XLM
Bitget XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$130.2
- Price spread: −0.225% → −0.111%
- −$11.33
- Slippage, 4 orders
- −$41.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$194.73
- Costs to cover
- 0.532%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 53 min ago; Bitget: live order book, 2 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, 53 min ago | 4.93 bp | 23.2 bp −$23 | 62.2 bp −$622 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.41 bp | 9.4 bp −$9 | 18.4 bp −$184 | 47.3 bp −$4,731 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2130 | −0.251% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2128 | −0.354% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2130 | −0.259% | $585K | $790K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2131 | −0.197% | $55.0M | $145.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2130 | −0.258% | $43.3M | $40.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2130 | −0.262% | $12.9M | $40.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2130 | −0.272% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2132 | −0.192% | $25.1M | $25.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2130 | −0.243% | $14.3M | $10.3M | 75x | as long as short |
| Bitget XLMUSDTshort | +0.0100% | 8h | 0.2131 | −0.225% | $25.5M | $17.9M | 75x |
dYdX XLM-USD
gTrade (Gains Network) 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDC | +0.0100% | 8h | 0.2130 | −0.253% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2131 | −0.225% | $102K | $222K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2131 | −0.195% | $206K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2129 | −0.312% | $11K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2131 | −0.192% | $597K | $620K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2128 | −0.365% | $170K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2129 | −0.309% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2126 | −0.459% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2130 | −0.272% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2128 | −0.351% | $199K | $267K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2131 | −0.225% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2130 | −0.257% | $191K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2131 | −0.234% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2127 | −0.403% | $2.3M | $6.2M | 75x | as long as short |
| Hyperliquid XLM | +0.0225% | 1h | 0.2132 | −0.145% | $11.9M | $5.8M | 5x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −0.403% | $476 | $154K | 12x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0312% / S −0.0166% | 1h | 0.2128 | −0.363% | $44K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2127 | −0.379% | $228K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0554% | 1h | 0.2130 | −0.244% | $2.6M | $2.6M | 50x | as long as short |
| Lighter XLMlong | +0.0720% | 1h | 0.2136 | long leg | $426K | $788K | 5x | |
| Deribit XLM_USDC-PERPETUAL | +0.0736% | 1h | 0.2132 | −0.187% | $529K | $168K | 25x | as long as short |
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
Phoenix XLM
BloFin XLM-USDT
Hyperliquid XLM
Injective XLM/USDC PERP
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL