Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Backpack against Variational Omni+0.098%7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.098%, 7d avg +0.036%
=Together, before fees−0.170%+ Points / potential airdropVariational Omni: Active · farm board−$17 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: Backpack is 0.062% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XLM | 0.2129 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $206K | $1.1M | — |
| Short | Backpack XLM_USDC_PERP | 0.2131 | 0.0100 | get 0.0013% / 1h | 39m 36s | $102K | $223K | 20x |
Variational Omni XLM
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- Price spread: +0.098% → +0.036%
- $6.19
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$3.81
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Backpack: live order book, 48 min ago. 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 Variational Omni RFQ quote, 4 min ago | 7.06 bp | doesn't fit | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 48 min ago | 0.23 bp | 9.1 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2124 | −0.194% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2128 | −0.033% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2129 | +0.014% | $584K | $791K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2125 | −0.187% | $54.8M | $145.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2124 | −0.198% | $43.2M | $40.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2123 | −0.268% | $12.9M | $40.1M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2124 | −0.235% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2124 | −0.207% | $25.1M | $25.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2124 | −0.198% | $14.2M | $10.3M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2123 | −0.264% | $25.6M | $17.8M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) 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 | 0.2123 | −0.264% | — | $6.9M | — | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0100% | 1h | 0.2131 | +0.098% | $102K | $223K | 20x | |
| Variational Omni XLMlong | +0.0100% | 8h | 0.2129 | long leg | $206K | $1.1M | — | |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2127 | −0.089% | $11K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2126 | −0.139% | $589K | $607K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2125 | −0.165% | $170K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2128 | −0.024% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2124 | −0.193% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2128 | −0.005% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2129 | +0.023% | $199K | $267K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2130 | +0.061% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2123 | −0.267% | $191K | $1.6M | 10x | as long as short |
| Hyperliquid XLM | +0.0186% | 1h | 0.2128 | −0.047% | $11.9M | $5.8M | 5x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2128 | −0.010% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2129 | +0.042% | $2.3M | $6.2M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2130 | +0.070% | $477 | $125K | 12x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0312% / S −0.0166% | 1h | 0.2127 | −0.051% | $44K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2131 | +0.112% | $228K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0554% | 1h | 0.2130 | +0.065% | $2.5M | $2.6M | 50x | as long as short |
| Lighter XLM | +0.0568% | 1h | 0.2130 | +0.079% | $424K | $786K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0596% | 1h | 0.2130 | +0.061% | $529K | $168K | 25x | as long as short |
BingX XLM-USDT
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
Phoenix XLM
BloFin XLM-USDT
Injective XLM/USDC PERP
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Lighter XLM
Deribit XLM_USDC-PERPETUAL