Funding you earn now, next payment 23:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.106%
Price spread now: edgeX against Lighter−0.206%79s7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as 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−$450.450% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 3 days (all we have)+0.125%+$12 · spread now −0.206%, 7d avg −0.108%
=Together, before fees+0.041%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and edgeX is 0.098% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.108%). Swap the legs. The two prices were read 79 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 -0.084% in total (about -4.4% 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 | 0.2165 | 0.0416 | pay 0.0052% / 1h | 25m 53s | $419K | $812K | 5x |
| Short | edgeX XLMUSDC | 0.2161 | 0.0100 | get 0.0050% / 4h | 1h 25m | $12K | $298K | 10x |
Lighter XLM
edgeX XLMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$66.36
- Price spread: −0.206% → −0.108%
- −$9.8
- Slippage, 4 orders
- −$36.04
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$121.2
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 54 min ago; edgeX: live order book, 57 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, 54 min ago | 3.94 bp | 27.8 bp −$28 | 65.2 bp −$652 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 57 min ago | 1.16 bp | 6.0 bp −$6 | 68.4 bp −$684 | 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 | 0.2163 | −0.091% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0013% | 1h | 0.2161 | −0.188% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2163 | −0.097% | $586K | $804K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2164 | −0.082% | $56.2M | $151.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2163 | −0.102% | $44.0M | $43.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2163 | −0.125% | $13.1M | $42.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2162 | −0.134% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2163 | −0.125% | $26.1M | $26.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2162 | −0.148% | $14.5M | $10.6M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2163 | −0.115% | $25.8M | $19.1M | 75x | as long as short |
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 XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2163 | −0.115% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2160 | −0.234% | $297K | $1.2M | — | as long as short |
| edgeX XLMUSDCshort | +0.0100% | 4h | 0.2161 | −0.206% | $12K | $298K | 10x | |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2165 | −0.028% | $600K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2164 | −0.060% | $173K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2164 | −0.060% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2149 | −0.757% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2163 | −0.115% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2162 | −0.129% | $200K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2163 | −0.125% | $9.1M | $9.2M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2162 | −0.134% | $193K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0190% | 1h | 0.2162 | −0.134% | $102K | $261K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2165 | −0.032% | $2.4M | $6.0M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2162 | −0.171% | $5K | $41K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0317% / S −0.0167% | 1h | 0.2163 | −0.102% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0323% | 1h | 0.2165 | −0.004% | $12.3M | $6.1M | 5x | as long as short |
| Lighter XLMlong | +0.0416% | 1h | 0.2165 | long leg | $419K | $812K | 5x | |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2165 | −0.005% | $233K | $1.5M | 50x | as long as short |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2035 | −6.018% | $5K | $238K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0505% | 1h | 0.2163 | −0.124% | $2.6M | $2.7M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0582% | 1h | 0.2165 | +0.005% | $537K | $176K | 25x | as long as short |
BingX XLM-USDT
Variational Omni XLM
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
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL