Funding you earn now, next payment 09:00 UTC+0.0631%/8h= +69.1% APRpaid last 24h +0.159%
Price spread now: Deribit against MEXC+0.093%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.093%, 7d avg +0.061%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Deribit is 0.032% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.061%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.218% in total (about 11.4% 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 | MEXC XLM_USDT | 0.2141 | 0.0100 | pay 0.0100% / 8h | 7h 01m | $24.5M | $29.6M | 300x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2143 | 0.0731 | get 0.0091% / 1h | 1m 43s | $531K | $110K | 25x |
MEXC XLM_USDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against MEXC. 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
- $132.51
- Price spread: +0.093% → +0.061%
- $3.23
- Slippage, 4 orders
- −$12.61
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $116.13
- Costs to cover
- 0.196%
- Break-even
- 0.9 days
Slippage from MEXC: live order book, 2 min ago; Deribit: live order book, 32 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 MEXC live order book, 2 min ago | 0.47 bp | 2.2 bp −$2 | 11.8 bp −$118 | 40.9 bp −$4,089 | 115.8 bp −$57.9K |
| Sell Deribit live order book, 32 min ago | 4.26 bp | 7.8 bp −$8 | 14.5 bp −$145 | 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 | 0.2140 | −0.041% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.761% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2144 | +0.117% | $368K | $934K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2144 | +0.125% | $568K | $545K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2142 | +0.036% | $55.5M | $156.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2140 | −0.042% | $44.3M | $44.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2141 | −0.033% | $12.3M | $44.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2140 | −0.051% | $4.0M | $7.4M | 75x | as long as short |
| MEXC XLM_USDTlong | +0.0100% | 8h | 0.2141 | long leg | $24.5M | $29.6M | 300x | |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2141 | −0.009% | $13.9M | $8.9M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate 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 | 0.2141 | −0.014% | $26.1M | $22.4M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2141 | −0.014% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2142 | +0.009% | $121K | $326K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2141 | −0.007% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2141 | −0.030% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2143 | +0.086% | $591K | $548K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2140 | −0.079% | $171K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2143 | +0.079% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2141 | −0.028% | $2K | $1.5M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2141 | 0.000% | $583 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2143 | +0.079% | $198K | $189K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2142 | +0.014% | $8.8M | $8.7M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2140 | −0.040% | $191K | $690K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2147 | +0.257% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2142 | +0.009% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2145 | +0.182% | $215K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0337% | 1h | 0.2142 | +0.017% | $2.6M | $2.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0496% / S −0.0231% | 1h | 0.2140 | −0.055% | $38K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0559% | 1h | 0.2144 | +0.103% | $12.4M | $6.0M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0731% | 1h | 0.2143 | +0.093% | $531K | $110K | 25x | |
| dYdX XLM-USD | +0.0845% | 1h | 0.2143 | +0.101% | $27K | $5K | 10x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
Backpack XLM_USDC_PERP
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
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
dYdX XLM-USD