Funding you earn now, next payment 23:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.106%
Price spread now: HTX against Lighter+0.070%7-day average −0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1121.122% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 3 days (all we have)−0.329%−$33 · spread now +0.070%, 7d avg −0.094%
=Together, before fees−0.414%+ Points / potential airdropLighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.164% dearer against Lighter than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.094%): +$16 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.084% in total) that is about 14 days.
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 | 0.2158 | 0.0368 | pay 0.0046% / 1h | 6m 48s | $417K | $813K | 5x |
| Short | HTX XLM-USDT | 0.2159 | 0.0100 | get 0.0100% / 8h | 1h 06m | $199K | $263K | 20x |
Lighter XLM
HTX XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$56.28
- Price spread: +0.070% → −0.094%
- $16.39
- Slippage, 4 orders
- −$100.25
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$152.13
- Costs to cover
- 1.122%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; HTX: live order book, 10 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, 8 min ago | 4.16 bp | 19.4 bp −$19 | 55.1 bp −$551 | doesn't fit | doesn't fit |
| Sell HTX live order book, 10 min ago | 26.59 bp | 33.1 bp −$33 | doesn't fit | 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 | 0.2151 | −0.294% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0023% | 1h | 0.2150 | −0.337% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2155 | −0.127% | $584K | $816K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2156 | −0.056% | $56.0M | $151.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2156 | −0.060% | $44.0M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2156 | −0.079% | $13.1M | $42.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2155 | −0.125% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2158 | +0.009% | $25.9M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2156 | −0.079% | $14.2M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2156 | −0.056% | $25.7M | $19.3M | 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 | 0.2157 | −0.051% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2159 | +0.075% | $297K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2161 | +0.140% | $12K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2160 | +0.102% | $601K | $625K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2160 | +0.116% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2152 | −0.260% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2150 | −0.366% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2153 | −0.232% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDTshort | +0.0100% | 8h | 0.2159 | +0.070% | $199K | $263K | 20x | |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2154 | −0.190% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2156 | −0.066% | $193K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0156% | 1h | 0.2155 | −0.125% | $101K | $265K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2153 | −0.218% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2159 | +0.056% | $5K | $41K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2151 | −0.305% | $45K | — | 100x | as long as short |
| Lighter XLMlong | +0.0368% | 1h | 0.2158 | long leg | $417K | $813K | 5x | |
| Hyperliquid XLM | +0.0415% | 1h | 0.2157 | −0.037% | $12.3M | $6.1M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2156 | −0.083% | $234K | $1.6M | 50x | as long as short |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2026 | −6.099% | $5K | $238K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0507% | 1h | 0.2154 | −0.173% | $2.6M | $2.7M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0633% | 1h | 0.2153 | −0.199% | $534K | $168K | 25x | as long as short |
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
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