Funding you earn now, next payment 07:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.005%
Price spread now: MEXC against Backpack+0.241%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs+$4as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.241%, 7d avg +0.001%
=The price spread pays, funding is against you. MEXC is 0.240% dearer against Backpack than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of +0.001%): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.018% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2114 | 0.0165 | pay 0.0021% / 1h | 45m 13s | $129K | $329K | 20x |
| Short | MEXC XLM_USDT | 0.2119 | 0.0100 | get 0.0100% / 8h | 1h 45m | $25.0M | $28.6M | 300x |
Backpack XLM_USDC_PERP
MEXC XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$13.7
- Price spread: +0.241% → +0.001%
- $23.99
- Slippage, 4 orders
- −$10.15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$9.85
- Costs to cover
- 0.201%
- Break-even
- from the start
Slippage from Backpack: live order book, 63 min ago; MEXC: live order book, 4 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, 63 min ago | 0.24 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.47 bp | 2.0 bp −$2 | 4.8 bp −$48 | 35.8 bp −$3,580 | 114.2 bp −$57.1K |
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 | 0.2118 | +0.221% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.530% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2122 | +0.412% | $356K | $931K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2119 | +0.252% | $561K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2121 | +0.331% | $54.3M | $163.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2118 | +0.203% | $42.9M | $47.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2119 | +0.270% | $12.2M | $44.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2117 | +0.156% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDTshort | +0.0100% | 8h | 0.2119 | +0.241% | $25.0M | $28.6M | 300x | |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2118 | +0.180% | $14.0M | $9.5M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate 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 | 0.2119 | +0.270% | $25.5M | $23.0M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2120 | +0.274% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2112 | −0.079% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2117 | +0.164% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2116 | +0.095% | $593K | $615K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2116 | +0.109% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2120 | +0.293% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2118 | +0.194% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2120 | +0.279% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2113 | −0.033% | $195K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2121 | +0.322% | $8.8M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2120 | +0.273% | $188K | $1.7M | 10x | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0165% | 1h | 0.2114 | long leg | $129K | $329K | 20x | |
| Hyperliquid XLM | +0.0202% | 1h | 0.2119 | +0.246% | $12.1M | $6.6M | 5x | as long as short |
| dYdX XLM-USD | +0.0212% | 1h | 0.2113 | −0.055% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2120 | +0.279% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0263% | 1h | 0.2120 | +0.308% | $4K | $50K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0333% | 1h | 0.2121 | +0.332% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2116 | +0.085% | $219K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2119 | +0.247% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1166% | 1h | 0.2122 | +0.374% | $526K | $168K | 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
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Hyperliquid XLM
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL