Funding you earn now, next payment 03:00 UTC+0.0981%/8h= +107.4% APRpaid last 24h −0.194%
Price spread now: Injective against Binance−0.473%7-day average −0.155% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.255%−$25 on $10k
+Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.473%, 7d avg −0.155%
=Funding pays, the price is against you. Injective is 0.318% cheaper against Binance than usual: you would sell low and buy high (spread −0.473% now, against its 7-day average of −0.155%). If the spread goes back, that is −$32 on $10k: about 26 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 7 days funding on this pair cost −0.255%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.255% in total (about -13.3% 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 | 0.2135 | 0.0100 | pay 0.0100% / 8h | 5h 28m | $54.7M | $154.1M | 75x |
| Short | Injective XLM/USDC PERP | 0.2125 | 0.1081 | get 0.0135% / 1h | 28m 42s | $683 | $241K | 12x |
Binance XLMUSDT
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $205.99
- Price spread: −0.473% → −0.155%
- −$31.8
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $164.17
- Costs to cover
- 0.100%
- Break-even
- 1.4 days
Slippage unknown: Binance: live order book, 14 min ago; Injective: no order-book sample. Net counts fees only.
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, 14 min ago | 0.23 bp | 7.4 bp −$7 | 11.8 bp −$118 | 29.8 bp −$2,980 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2136 | +0.061% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2137 | +0.066% | $358K | $903K | 5x | as long as short |
| Binance XLMUSDTlong | +0.0100% | 8h | 0.2135 | long leg | $54.7M | $154.1M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2134 | −0.066% | $43.2M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2134 | −0.056% | $12.6M | $42.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2136 | +0.023% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2134 | −0.037% | $24.0M | $26.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2134 | −0.037% | $14.1M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2134 | −0.066% | $25.6M | $21.1M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2134 | −0.052% | — | $7.0M | — | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2136 | +0.033% | $97K | $273K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2139 | +0.186% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2131 | −0.202% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2142 | +0.333% | $593K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2139 | +0.197% | $171K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2137 | +0.089% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2136 | +0.033% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2136 | +0.042% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2138 | +0.117% | $197K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2136 | +0.033% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2134 | −0.058% | $190K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0109% | 8h | 0.2137 | +0.107% | $569K | $624K | 75x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2139 | +0.169% | $2.3M | $5.0M | 75x | as long as short |
| dYdX XLM-USD | +0.0226% | 1h | 0.2134 | −0.072% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2127 | −0.370% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0431% | 1h | 0.2137 | +0.070% | $12.4M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0460% | 1h | 0.2136 | +0.031% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2144 | +0.417% | $231K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0519% / S −0.0193% | 1h | 0.2137 | +0.066% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0733% | 1h | 0.2138 | +0.145% | $531K | $153K | 25x | as long as short |
| Injective XLM/USDC PERPshort | +0.1081% | 1h | 0.2125 | −0.473% | $683 | $241K | 12x |
Backpack XLM_USDC_PERP
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
BloFin XLM-USDT
dYdX XLM-USD
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL