Funding you earn now, next payment 23:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.001%
Price spread now: Backpack against BingX+0.009%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.009%, 7d avg +0.012%
=The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XLM-USDC | 0.2163 | 0.0100 | pay 0.0100% / 8h | 1h 19m | — | $6.7M | — |
| Short | Backpack XLM_USDC_PERP | 0.2163 | 0.0179 | get 0.0022% / 1h | 19m 34s | $102K | $261K | 20x |
BingX XLM-USDC
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $16.5
- Price spread: +0.009% → +0.012%
- −$0.25
- Slippage, 4 orders
- −$38.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$41.78
- Costs to cover
- 0.580%
- Break-even
- 24.7 days
Slippage from BingX: live order book, 8 min ago; Backpack: live order book, 64 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 BingX live order book, 8 min ago | 1.16 bp | 26.6 bp −$27 | 91.7 bp −$917 | 981.5 bp −$98.1K | doesn't fit |
| Sell Backpack live order book, 64 min ago | 0.70 bp | 9.4 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 | 0.2163 | −0.004% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0017% | 1h | 0.2163 | +0.002% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2164 | +0.057% | $586K | $805K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2163 | +0.035% | $56.2M | $150.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2164 | +0.060% | $44.0M | $43.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2164 | +0.046% | $13.1M | $42.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2162 | −0.028% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2163 | +0.018% | $26.3M | $26.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2162 | −0.014% | $14.5M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2164 | +0.065% | $25.9M | $19.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDClong | +0.0100% | 8h | 0.2163 | long leg | — | $6.7M | — | |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | +0.075% | $297K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2167 | +0.189% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2165 | +0.109% | $600K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2165 | +0.120% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2162 | −0.028% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2162 | −0.009% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2162 | −0.051% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2164 | +0.083% | $200K | $263K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2162 | −0.005% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2162 | −0.023% | $194K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0179% | 1h | 0.2163 | +0.009% | $102K | $261K | 20x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2166 | +0.143% | $2.4M | $5.7M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2165 | +0.111% | $5K | $41K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2162 | −0.032% | $45K | — | 100x | as long as short |
| Lighter XLM | +0.0368% | 1h | 0.2166 | +0.171% | $419K | $813K | 5x | as long as short |
| Hyperliquid XLM | +0.0369% | 1h | 0.2166 | +0.148% | $12.3M | $6.1M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2168 | +0.236% | $234K | $1.6M | 50x | as long as short |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2039 | −5.715% | $5K | $238K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0506% | 1h | 0.2162 | −0.021% | $2.6M | $2.7M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0536% | 1h | 0.2163 | +0.032% | $537K | $175K | 25x | as long as short |
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
GMX XLM/USD [WBTC.b-USDC]
Lighter XLM
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL