Funding you earn now, next payment 05:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.292%
Price spread now: Injective against Lighter−0.042%66s7-day average −0.256% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.384%−$38 on $10k
+Price spread, last 4 days (all we have)−0.331%−$33 · spread now −0.042%, 7d avg −0.256%
=Together, before fees−0.714%+ Points / potential airdropLighter: Season 3 · farm board−$71 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.214% dearer against Lighter than usual: you sell high and buy low (spread −0.042% now, against its 7-day average of −0.256%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.384% in total) that is about 3.9 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 2m 04s | $373K | $969K | 5x |
| Short | Injective XLM/USDC PERP | 0.2125 | 0.0033 | get 0.0004% / 1h | 2m 04s | $683 | $241K | 12x |
Lighter XLM
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: −0.042% → −0.256%
- $21.38
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $8.2
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 48 min ago; Injective: no order-book sample. Net counts fees only.
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, 48 min ago | 7.44 bp | 27.3 bp −$27 | 61.7 bp −$617 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2122 | −0.201% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERPshort | +0.0033% | 1h | 0.2125 | −0.042% | $683 | $241K | 12x | |
| Lighter XLMlong | +0.0096% | 1h | 0.2126 | long leg | $373K | $969K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2123 | −0.148% | $563K | $624K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2122 | −0.199% | $54.3M | $158.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2120 | −0.263% | $42.9M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2120 | −0.259% | $12.4M | $43.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2122 | −0.179% | $4.1M | $7.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2124 | −0.099% | $25.4M | $27.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2123 | −0.155% | $13.9M | $9.5M | 75x | as long as short |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2121 | −0.226% | $25.6M | $22.2M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2122 | −0.202% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2125 | −0.036% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2126 | +0.005% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2125 | −0.044% | $595K | $618K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2127 | +0.033% | $170K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2123 | −0.136% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2120 | −0.278% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2123 | −0.127% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2124 | −0.099% | $196K | $250K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2124 | −0.094% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2122 | −0.173% | $190K | $1.8M | 10x | as long as short |
| Hyperliquid XLM | +0.0177% | 1h | 0.2122 | −0.165% | $12.2M | $6.4M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0186% | 1h | 0.2123 | −0.145% | $2.6M | $2.7M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2123 | −0.132% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2127 | +0.047% | $5K | $46K | 5x | as long as short |
| dYdX XLM-USD | +0.0353% | 1h | 0.2121 | −0.236% | $23K | $2K | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0367% | 1h | 0.2123 | −0.141% | $127K | $294K | 20x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2124 | −0.066% | $239K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2122 | −0.188% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1022% | 1h | 0.2125 | −0.056% | $527K | $162K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
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
Hyperliquid XLM
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Backpack XLM_USDC_PERP
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL