Funding you earn now, next payment 06:00 UTC+0.0688%/8h= +75.3% APRpaid last 24h +0.145%
Price spread now: Deribit against BingX+0.057%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.057%, 7d avg +0.071%
=The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.3% 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 | BingX XLM-USDC | 0.2119 | 0.0100 | pay 0.0100% / 8h | 2h 48m | — | $6.7M | — |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2121 | 0.0788 | get 0.0098% / 1h | 48m 32s | $526K | $162K | 25x |
BingX XLM-USDC
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $144.48
- Price spread: +0.057% → +0.071%
- −$1.44
- Slippage, 4 orders
- −$40.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $85.43
- Costs to cover
- 0.576%
- Break-even
- 2.9 days
Slippage from BingX: live order book, 9 min ago; Deribit: live order book, 65 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, 9 min ago | 1.18 bp | 16.1 bp −$16 | 98.3 bp −$983 | 815.8 bp −$81.6K | 1155.0 bp −$577.5K |
| Sell Deribit live order book, 65 min ago | 5.12 bp | 8.6 bp −$9 | 18.1 bp −$181 | 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 | 0.2118 | −0.050% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.259% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2122 | +0.094% | $372K | $959K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2120 | +0.019% | $563K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2121 | +0.056% | $54.2M | $159.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2119 | −0.024% | $43.0M | $46.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2120 | +0.019% | $12.5M | $43.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2118 | −0.061% | $4.1M | $7.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2120 | +0.009% | $25.0M | $27.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2118 | −0.057% | $13.9M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance 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 | 0.2119 | 0.000% | $25.5M | $22.5M | 75x | as long as short |
| BingX XLM-USDClong | +0.0100% | 8h | 0.2119 | long leg | — | $6.7M | — | |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2118 | −0.057% | $125K | $295K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2119 | −0.017% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2118 | −0.073% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2121 | +0.094% | $594K | $608K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2121 | +0.075% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2119 | −0.024% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2117 | −0.127% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2118 | −0.071% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2120 | +0.005% | $195K | $250K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2119 | −0.014% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2120 | +0.014% | $190K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0143% | 1h | 0.2118 | −0.066% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0159% | 1h | 0.2121 | +0.051% | $12.1M | $6.4M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2119 | 0.000% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2120 | +0.009% | $4K | $49K | 5x | as long as short |
| dYdX XLM-USD | +0.0248% | 1h | 0.2118 | −0.089% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2120 | +0.042% | $228K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2118 | −0.067% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0788% | 1h | 0.2121 | +0.057% | $526K | $162K | 25x |
Bitget XLMUSDT
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
Kraken Futures PF_XLMUSD
Hyperliquid XLM
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]