Funding you earn now, next payment 05:00 UTC−0.0498%/8h= −54.6% APRpaid last 24h −0.001%
Price spread now: Aster against Backpack−0.108%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.108%, 7d avg +0.059%
=Together, before fees+0.264%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aster is 0.167% cheaper against Backpack than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% 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 | Backpack XLM_USDC_PERP | 0.2148 | 0.0598 | pay 0.0075% / 1h | 52m 41s | $127K | $290K | 20x |
| Short | Aster XLMUSDT | 0.2146 | 0.0100 | get 0.0100% / 8h | 3h 52m | $571K | $622K | 75x |
Backpack XLM_USDC_PERP
Aster XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Backpack. 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
- −$104.65
- Price spread: −0.108% → +0.059%
- −$16.65
- Slippage, 4 orders
- −$23.01
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$162.31
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; Aster: live order book, 65 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 Backpack live order book, 1 min ago | 0.23 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 65 min ago | 3.06 bp | 9.9 bp −$10 | 26.8 bp −$268 | 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 | 0.2146 | −0.091% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −1.089% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2148 | −0.014% | $373K | $962K | 5x | as long as short |
| Aster XLMUSDTshort | +0.0100% | 8h | 0.2146 | −0.108% | $571K | $622K | 75x | |
| Binance XLMUSDT | +0.0100% | 8h | 0.2147 | −0.044% | $55.0M | $156.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2146 | −0.112% | $43.4M | $45.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2147 | −0.056% | $12.6M | $43.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2146 | −0.121% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2147 | −0.051% | $23.7M | $26.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2147 | −0.088% | $14.2M | $9.5M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
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 | 0.2147 | −0.084% | $26.0M | $21.7M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2147 | −0.070% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2137 | −0.525% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2139 | −0.416% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2136 | −0.586% | $591K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2141 | −0.349% | $172K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2148 | −0.019% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2139 | −0.428% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2148 | −0.019% | $585 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2148 | −0.023% | $198K | $253K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2146 | −0.098% | $9.1M | $8.9M | 50x | as long as short |
| dYdX XLM-USD | +0.0100% | 1h | 0.2145 | −0.175% | $23K | $2K | 10x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2147 | −0.065% | $191K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0184% | 1h | 0.2148 | −0.015% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0203% | 1h | 0.2148 | −0.030% | $12.4M | $6.3M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2147 | −0.047% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2141 | −0.340% | $5K | $46K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2146 | −0.107% | $241K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0520% / S −0.0247% | 1h | 0.2147 | −0.080% | $40K | — | 100x | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0598% | 1h | 0.2148 | long leg | $127K | $290K | 20x | |
| Deribit XLM_USDC-PERPETUAL | +0.1194% | 1h | 0.2150 | +0.079% | $533K | $153K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
dYdX XLM-USD
Extended XLM-USD
Kraken Futures PF_XLMUSD
Hyperliquid XLM
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL