Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: OKX against Backpack−0.371%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.395%+$39 · spread now −0.371%, 7d avg −0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.345% cheaper against Backpack than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2158 | 0.0100 | pay 0.0013% / 1h | 3m 35s | $88K | $260K | 20x |
| Short | OKX XLM-USDT-SWAP | 0.2150 | 0.0100 | get 0.0100% / 8h | 7h 03m | $13.0M | $41.0M | 50x |
Backpack XLM_USDC_PERP
OKX XLM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.371% → −0.025%
- −$34.53
- Slippage, 4 orders
- −$15.86
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$70.39
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 0.23 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.23 bp | 8.4 bp −$8 | 18.6 bp −$186 | 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 | 0.2157 | −0.046% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2161 | +0.130% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0065% | 1h | 0.2150 | −0.388% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2153 | −0.227% | $396K | $839K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2151 | −0.324% | $55.5M | $150.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2150 | −0.371% | $44.2M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAPshort | +0.0100% | 8h | 0.2150 | −0.371% | $13.0M | $41.0M | 50x | |
| Gate XLM_USDT | +0.0100% | 8h | 0.2152 | −0.297% | $4.1M | $6.4M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2150 | −0.394% | $25.1M | $26.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2151 | −0.334% | $14.3M | $10.1M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
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 | 0.2149 | −0.431% | $25.7M | $19.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2149 | −0.431% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0100% | 1h | 0.2158 | long leg | $88K | $260K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2159 | +0.051% | $283K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2166 | +0.351% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2161 | +0.155% | $609K | $578K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2160 | +0.093% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2162 | +0.185% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2159 | +0.032% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2160 | +0.070% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2162 | +0.181% | $199K | $257K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2158 | +0.023% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2148 | −0.443% | $193K | $1.7M | 10x | as long as short |
| Aster XLMUSDT | +0.0152% | 8h | 0.2154 | −0.183% | $578K | $619K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2160 | +0.075% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2161 | +0.153% | $2.3M | $5.3M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2163 | +0.213% | $5K | $42K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2163 | +0.213% | $233K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0528% | 1h | 0.2155 | −0.148% | $12.5M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0622% / S −0.1281% | 1h | 0.2161 | +0.133% | $174K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0630% | 1h | 0.2162 | +0.195% | $537K | $150K | 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
Aster XLMUSDT
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL