Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.001%
Price spread now: HTX against Backpack+0.028%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.028%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.026% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2171 | 0.0106 | pay 0.0013% / 1h | 43m 29s | $94K | $266K | 20x |
| Short | HTX XLM-USDT | 0.2172 | 0.0100 | get 0.0100% / 8h | 43m 29s | $200K | $261K | 20x |
Backpack XLM_USDC_PERP
HTX XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$1.17
- Price spread: +0.028% → +0.001%
- $2.64
- Slippage, 4 orders
- −$81.18
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$101.71
- Costs to cover
- 1.032%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 35 min ago; HTX: live order book, 33 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, 35 min ago | 0.92 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 33 min ago | 26.59 bp | 33.1 bp −$33 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2047 | −5.707% | $6K | $238K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2171 | −0.012% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0023% | 1h | 0.2170 | −0.055% | $24K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2171 | 0.000% | $582K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2167 | −0.187% | $56.0M | $150.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2166 | −0.221% | $44.1M | $43.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2166 | −0.230% | $13.2M | $41.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2169 | −0.092% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2168 | −0.143% | $25.7M | $26.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2169 | −0.069% | $14.6M | $10.5M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
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 | 0.2167 | −0.203% | $25.8M | $19.2M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2168 | −0.143% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2175 | +0.199% | $258K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2173 | +0.100% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2170 | −0.060% | $600K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2171 | +0.023% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2171 | +0.005% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2169 | −0.088% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2171 | −0.009% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDTshort | +0.0100% | 8h | 0.2172 | +0.028% | $200K | $261K | 20x | |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2171 | +0.005% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2168 | −0.150% | $194K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0106% | 1h | 0.2171 | long leg | $94K | $266K | 20x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2173 | +0.111% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2171 | −0.005% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2170 | −0.025% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0411% | 1h | 0.2171 | +0.006% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2169 | −0.069% | $233K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0540% | 1h | 0.2171 | +0.019% | $12.4M | $6.1M | 5x | as long as short |
| Lighter XLM | +0.0576% | 1h | 0.2173 | +0.097% | $420K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0763% | 1h | 0.2173 | +0.097% | $539K | $160K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Lighter XLM
Deribit XLM_USDC-PERPETUAL