Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.181%
Price spread now: Injective against Variational Omni+1.328%61s7-day average −0.108% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.219%−$22 on $10k
+Price spread, last 4 days (all we have)−1.185%−$118 · spread now +1.328%, 7d avg −0.108%
=Together, before fees−1.404%+ Points / potential airdropVariational Omni: Active · farm board−$140 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.435% dearer against Variational Omni than usual: you sell high and buy low (spread +1.328% now, against its 7-day average of −0.108%): +$144 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 4 days (−0.219% in total) that is about 23 days. The two prices were read 61 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 | Variational Omni XLM | 0.2097 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $250K | $1.3M | — |
| Short | Injective XLM/USDC PERP | 0.2125 | 0.0033 | get 0.0004% / 1h | 22m 10s | $683 | $241K | 12x |
Variational Omni XLM
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +1.328% → −0.108%
- $143.55
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $129.53
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago | 7.14 bp | doesn't fit | 11.9 bp −$119 | 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 | 0.2104 | +0.349% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERPshort | +0.0033% | 1h | 0.2125 | +1.328% | $683 | $241K | 12x | |
| Lighter XLM | +0.0096% | 1h | 0.2109 | +0.551% | $353K | $992K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2106 | +0.404% | $558K | $630K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2108 | +0.503% | $53.9M | $161.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2106 | +0.427% | $42.4M | $47.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2108 | +0.522% | $12.2M | $44.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2104 | +0.312% | $3.9M | $7.6M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2107 | +0.455% | $24.2M | $28.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2107 | +0.460% | $13.8M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
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 | 0.2106 | +0.412% | $25.3M | $22.8M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2105 | +0.384% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2100 | +0.150% | $130K | $314K | 20x | as long as short |
| Variational Omni XLMlong | +0.0100% | 8h | 0.2097 | long leg | $250K | $1.3M | — | |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2096 | −0.055% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2101 | +0.202% | $582K | $615K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2094 | −0.141% | $168K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2106 | +0.422% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2103 | +0.293% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2107 | +0.465% | $574 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2104 | +0.326% | $194K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2107 | +0.455% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2106 | +0.435% | $188K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0143% | 1h | 0.2107 | +0.470% | $2.5M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0156% | 1h | 0.2106 | +0.412% | $12.0M | $6.5M | 5x | as long as short |
| dYdX XLM-USD | +0.0196% | 1h | 0.2101 | +0.167% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2100 | +0.117% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2097 | −0.017% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2104 | +0.317% | $224K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0228% | 1h | 0.2104 | +0.334% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1127% | 1h | 0.2108 | +0.527% | $523K | $163K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
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
Kraken Futures PF_XLMUSD
Hyperliquid XLM
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL