Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Binance against Backpack+0.041%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.041%, 7d avg +0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.033% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2100 | 0.0100 | pay 0.0013% / 1h | 33m 06s | $130K | $313K | 20x |
| Short | Binance XLMUSDT | 0.2101 | 0.0100 | get 0.0100% / 8h | 2h 33m | $53.6M | $161.2M | 75x |
Backpack XLM_USDC_PERP
Binance XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.041% → +0.008%
- $3.3
- Slippage, 4 orders
- −$11.83
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$28.53
- Costs to cover
- 0.318%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 15 min ago; Binance: live order book, 10 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, 15 min ago | 0.24 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.47 bp | 8.0 bp −$8 | 14.3 bp −$143 | 35.5 bp −$3,554 | 108.8 bp −$54.4K |
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 | 0.2097 | −0.144% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +1.166% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2102 | +0.052% | $351K | $988K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2102 | +0.050% | $556K | $629K | 75x | as long as short |
| Binance XLMUSDTshort | +0.0100% | 8h | 0.2101 | +0.041% | $53.6M | $161.2M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2101 | +0.024% | $42.4M | $47.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2100 | −0.014% | $12.2M | $43.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2099 | −0.057% | $4.0M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2101 | +0.005% | $24.4M | $28.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2099 | −0.048% | $13.8M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster 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 | 0.2099 | −0.048% | $25.3M | $22.7M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2100 | −0.043% | — | $7.4M | — | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0100% | 1h | 0.2100 | long leg | $130K | $313K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2105 | +0.223% | $251K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2110 | +0.445% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2107 | +0.324% | $590K | $608K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2110 | +0.448% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2098 | −0.119% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2097 | −0.181% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2099 | −0.048% | $572 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2099 | −0.071% | $193K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2100 | −0.029% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2098 | −0.107% | $188K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0144% | 1h | 0.2100 | −0.034% | $2.5M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0188% | 1h | 0.2101 | +0.029% | $12.0M | $6.5M | 5x | as long as short |
| dYdX XLM-USD | +0.0214% | 1h | 0.2098 | −0.134% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2101 | +0.005% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2109 | +0.386% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2110 | +0.476% | $225K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0228% | 1h | 0.2098 | −0.128% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0894% | 1h | 0.2100 | −0.005% | $521K | $163K | 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
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