Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.052%
Price spread now: OKX against Lighter−0.076%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days−0.225%−$22 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.076%, 7d avg −0.123%
=Together, before fees−0.251%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.047% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.123%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XLM | 0.2099 | 0.0096 | pay 0.0012% / 1h | 47m 23s | $352K | $736K | 5x |
| Short | OKX XLM-USDT-SWAP | 0.2098 | 0.0100 | get 0.0100% / 8h | 4h 47m | $12.2M | $41.6M | 50x |
Lighter XLM
OKX XLM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0.84
- Price spread: −0.076% → −0.123%
- $4.67
- Slippage, 4 orders
- −$40.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$44.73
- Costs to cover
- 0.502%
- Break-even
- 379.7 days
Slippage from Lighter: live order book, 56 min ago; OKX: live order book, 4 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, 56 min ago | 4.48 bp | 17.5 bp −$17 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.24 bp | 9.3 bp −$9 | 16.5 bp −$165 | doesn't fit | doesn't fit |
XLM on 31 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | −0.0143% | 1h | 0.2098 | −0.052% | $119K | $299K | 20x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2096 | −0.130% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +1.229% | $683 | $241K | 12x | as long as short |
| Lighter XLMlong | +0.0096% | 1h | 0.2099 | long leg | $352K | $736K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2099 | −0.019% | $556K | $357K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2098 | −0.052% | $54.2M | $140.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2097 | −0.105% | $43.3M | $40.8M | 75x | as long as short |
| OKX XLM-USDT-SWAPshort | +0.0100% | 8h | 0.2098 | −0.076% | $12.2M | $41.6M | 50x | |
| Gate XLM_USDT | +0.0100% | 8h | 0.2097 | −0.081% | $3.9M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2098 | −0.052% | $23.7M | $27.0M | 300x | as long as short |
Backpack XLM_USDC_PERP
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
Gate XLM_USDT
MEXC XLM_USDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2098 | −0.057% | $13.9M | $8.4M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2097 | −0.081% | $25.7M | $21.1M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2098 | −0.076% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2092 | −0.346% | $250K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2093 | −0.306% | $11K | $311K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2095 | −0.213% | $583K | $508K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2091 | −0.381% | $168K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2097 | −0.105% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2099 | −0.014% | $1K | $1.3M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2098 | −0.052% | $572 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2098 | −0.048% | $189K | $238K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2098 | −0.048% | $8.5M | $8.3M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2097 | −0.084% | $189K | $606K | 10x | as long as short |
| Phoenix XLM | +0.0152% | 1h | 0.2092 | −0.319% | $4K | $45K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0213% | 1h | 0.2098 | −0.047% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2093 | −0.314% | $2.3M | $5.1M | 75x | as long as short |
| Hyperliquid XLM | +0.0232% | 1h | 0.2099 | +0.014% | $12.1M | $5.5M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0368% | 1h | 0.2097 | −0.110% | $203K | $1.3M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0509% / S −0.0245% | 1h | 0.2096 | −0.144% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0513% | 1h | 0.2099 | +0.005% | $520K | $104K | 25x | as long as short |
| dYdX XLM-USD | +0.0580% | 1h | 0.2095 | −0.221% | $26K | $5K | 10x | as long as short |
KuCoin XLMUSDTM
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
Phoenix XLM
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
dYdX XLM-USD