Funding you earn now, next payment 08:00 UTC+0.0785%/8h= +86.0% APRnext payment +$0.98 per $10,000 · paid last 24h +0.055%
Price spread now: Deribit against Lighter−0.042%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.042%, 7d avg −0.042%
=Together, before fees+0.035%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 per $10,000. 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 | 0.2126 | 0.0096 | pay 0.0012% / 1h | 39m 09s | $366K | $941K | 5x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2125 | 0.0881 | get 0.0110% / 1h | 39m 09s | $527K | $172K | 25x |
Lighter XLM
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $164.85
- Price spread: −0.042% → −0.042%
- −$0.03
- Slippage, 4 orders
- −$37.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $120.05
- Costs to cover
- 0.448%
- Break-even
- 1.9 days
Slippage from Lighter: live order book, 61 min ago; Deribit: live order book, 65 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, 61 min ago | 7.78 bp | 9.6 bp −$10 | 45.1 bp −$451 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 65 min ago | 2.59 bp | 6.1 bp −$6 | 14.4 bp −$144 | 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 | 0.2121 | −0.200% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.033% | $683 | $241K | 12x | as long as short |
| Lighter XLMlong | +0.0096% | 1h | 0.2126 | long leg | $366K | $941K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2123 | −0.132% | $564K | $595K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2122 | −0.152% | $54.5M | $161.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2121 | −0.221% | $43.0M | $46.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2122 | −0.174% | $12.1M | $44.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2121 | −0.207% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2123 | −0.108% | $24.3M | $28.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2123 | −0.132% | $14.0M | $9.3M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
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 | 0.2122 | −0.174% | $25.5M | $22.7M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2122 | −0.151% | — | $7.4M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2127 | +0.065% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2128 | +0.106% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2127 | +0.080% | $588K | $577K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2127 | +0.075% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2123 | −0.127% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2124 | −0.094% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2123 | −0.146% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2121 | −0.235% | $195K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2123 | −0.118% | $8.7M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2122 | −0.163% | $190K | $1.4M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2124 | −0.103% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2129 | +0.141% | $4K | $50K | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0288% | 1h | 0.2122 | −0.165% | $130K | $346K | 20x | as long as short |
| dYdX XLM-USD | +0.0336% | 1h | 0.2120 | −0.265% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2123 | −0.118% | $220K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2122 | −0.175% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0549% | 1h | 0.2123 | −0.118% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0589% | 1h | 0.2124 | −0.080% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0881% | 1h | 0.2125 | −0.042% | $527K | $172K | 25x |
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
Backpack XLM_USDC_PERP
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM