Funding you earn now, next payment 07:00 UTC+0.0924%/8h= +101.2% APRpaid last 24h +0.149%
Price spread now: Deribit against Binance+0.074%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.074%, 7d avg +0.054%
=Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Deribit is 0.020% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.054%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.196% in total (about 10.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XLMUSDT | 0.2120 | 0.0100 | pay 0.0100% / 8h | 1h 27m | $54.5M | $162.9M | 75x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2122 | 0.1024 | get 0.0128% / 1h | 27m 03s | $526K | $168K | 25x |
Binance XLMUSDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $194.04
- Price spread: +0.074% → +0.054%
- $2
- Slippage, 4 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $167.05
- Costs to cover
- 0.290%
- Break-even
- 1.0 days
Slippage from Binance: live order book, 1 min ago; Deribit: live order book, 17 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, 1 min ago | 0.24 bp | 9.0 bp −$9 | 12.1 bp −$121 | 27.6 bp −$2,760 | doesn't fit |
| Sell Deribit live order book, 17 min ago | 2.59 bp | 6.1 bp −$6 | 14.4 bp −$144 | 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 | 0.2115 | −0.273% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.220% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2123 | +0.112% | $360K | $938K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2119 | −0.066% | $561K | $634K | 75x | as long as short |
| Binance XLMUSDTlong | +0.0100% | 8h | 0.2120 | long leg | $54.5M | $162.9M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2119 | −0.063% | $42.9M | $47.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2120 | +0.008% | $12.2M | $44.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2119 | −0.053% | $4.0M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2120 | +0.008% | $25.0M | $28.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2120 | −0.011% | $14.0M | $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 | 0.2120 | −0.025% | $25.5M | $23.0M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2120 | −0.016% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2113 | −0.340% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | −0.282% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2114 | −0.308% | $593K | $593K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2114 | −0.298% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2120 | −0.016% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.067% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2120 | −0.011% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2120 | −0.016% | $195K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2120 | −0.016% | $8.7M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2120 | −0.011% | $188K | $1.6M | 10x | as long as short |
| Hyperliquid XLM | +0.0160% | 1h | 0.2122 | +0.055% | $12.1M | $6.5M | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0166% | 1h | 0.2121 | +0.013% | $110K | $339K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2119 | −0.039% | $2.3M | $5.5M | 75x | as long as short |
| dYdX XLM-USD | +0.0248% | 1h | 0.2119 | −0.080% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0263% | 1h | 0.2117 | −0.133% | $4K | $50K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0333% | 1h | 0.2120 | +0.003% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2116 | −0.218% | $221K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2119 | −0.067% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.1024% | 1h | 0.2122 | +0.074% | $526K | $168K | 25x |
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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
dYdX XLM-USD
Phoenix XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]