Funding you earn now, next payment 05:00 UTC+0.1007%/8h= +110.3% APRpaid last 24h +0.136%
Price spread now: Deribit against SunX+0.286%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1421.418% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)−0.332%−$33 · spread now +0.286%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Deribit is 0.259% dearer against SunX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.027%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% 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 | SunX XLM-USDT | 0.2133 | 0.0100 | pay 0.0100% / 8h | 3h 55m | $2K | $1.6M | 20x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2139 | 0.1107 | get 0.0138% / 1h | 55m 50s | $531K | $153K | 25x |
SunX XLM-USDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against SunX. 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
- $211.47
- Price spread: +0.286% → +0.027%
- $25.94
- Slippage, 4 orders
- −$126.79
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $95.62
- Costs to cover
- 1.418%
- Break-even
- 3.8 days
Slippage from SunX: live order book, 9 min ago; Deribit: live order book, 63 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 SunX live order book, 9 min ago | 29.34 bp | 47.8 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 63 min ago | 3.05 bp | 11.2 bp −$11 | 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 | 0.2134 | +0.065% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.380% | $683 | $241K | 12x | as long as short |
| dYdX XLM-USD | +0.0060% | 1h | 0.2133 | −0.023% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2140 | +0.323% | $370K | $960K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2136 | +0.138% | $568K | $622K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2137 | +0.176% | $54.6M | $155.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2136 | +0.145% | $43.1M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2137 | +0.202% | $12.5M | $42.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2135 | +0.098% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2136 | +0.127% | $23.8M | $26.8M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
dYdX XLM-USD
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2136 | +0.117% | $14.1M | $9.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2135 | +0.103% | $25.8M | $21.5M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2136 | +0.150% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2137 | +0.189% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2136 | +0.117% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2134 | +0.043% | $590K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2136 | +0.117% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2138 | +0.230% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDTlong | +0.0100% | 8h | 0.2133 | long leg | $2K | $1.6M | 20x | |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2138 | +0.230% | $582 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2134 | +0.038% | $197K | $253K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2138 | +0.225% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2135 | +0.090% | $190K | $1.8M | 10x | as long as short |
| Hyperliquid XLM | +0.0179% | 1h | 0.2139 | +0.267% | $12.3M | $6.3M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0185% | 1h | 0.2138 | +0.222% | $2.6M | $2.7M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2137 | +0.164% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2137 | +0.192% | $5K | $46K | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0437% | 1h | 0.2138 | +0.211% | $126K | $290K | 20x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2137 | +0.192% | $239K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2135 | +0.076% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.1107% | 1h | 0.2139 | +0.286% | $531K | $153K | 25x |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDC
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Hyperliquid XLM
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Backpack XLM_USDC_PERP
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]