Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Backpack against Binance−0.015%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.015%, 7d avg −0.008%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XLMUSDT | 0.2118 | 0.0100 | pay 0.0100% / 8h | 20m 00s | $54.2M | $159.5M | 75x |
| Short | Backpack XLM_USDC_PERP | 0.2117 | 0.0100 | get 0.0013% / 1h | 20m 00s | $129K | $342K | 20x |
Binance XLMUSDT
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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: −0.015% → −0.008%
- −$0.74
- Slippage, 4 orders
- −$13.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$34.43
- Costs to cover
- 0.337%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Backpack: live order book, 19 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 Binance live order book, 8 min ago | 0.24 bp | 7.6 bp −$8 | 12.6 bp −$126 | 30.8 bp −$3,075 | doesn't fit |
| Sell Backpack live order book, 19 min ago | 1.42 bp | 9.1 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2116 | −0.098% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.344% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2120 | +0.089% | $366K | $942K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2116 | −0.084% | $561K | $596K | 75x | as long as short |
| Binance XLMUSDTlong | +0.0100% | 8h | 0.2118 | long leg | $54.2M | $159.5M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2117 | −0.034% | $43.0M | $46.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2119 | +0.046% | $12.1M | $44.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2115 | −0.105% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2117 | −0.025% | $24.2M | $29.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2116 | −0.067% | $14.0M | $9.3M | 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 | 0.2118 | −0.006% | $25.4M | $22.6M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2117 | −0.044% | — | $7.4M | — | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0100% | 1h | 0.2117 | −0.015% | $129K | $342K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2112 | −0.264% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2113 | −0.213% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2112 | −0.288% | $584K | $562K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2115 | −0.124% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2116 | −0.081% | $3K | $447 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2113 | −0.214% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2117 | −0.034% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2115 | −0.124% | $195K | $221K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2117 | −0.029% | $8.7M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2118 | +0.013% | $189K | $1.3M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2114 | −0.199% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2115 | −0.124% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0268% | 1h | 0.2113 | −0.243% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2114 | −0.180% | $219K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2116 | −0.084% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0550% | 1h | 0.2117 | −0.022% | $2.5M | $2.6M | 50x | as long as short |
| Hyperliquid XLM | +0.0586% | 1h | 0.2120 | +0.093% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0932% | 1h | 0.2118 | +0.027% | $525K | $172K | 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
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL