Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against BloFin−0.269%82s7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days−0.276%−$28 on $10k
+Price spread, last 3 days (all we have)+0.305%+$30 · spread now −0.269%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.220% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XLM-USDT | 0.2159 | 0.0220 | pay 0.0220% / 8h | 7h 49m | $2.3M | $5.5M | 75x |
| Short | Bybit XLMUSDT | 0.2153 | 0.0100 | get 0.0100% / 8h | 7h 49m | $43.9M | $44.3M | 75x |
BloFin XLM-USDT
Bybit XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$25.2
- Price spread: −0.269% → −0.049%
- −$22.01
- Slippage, 4 orders
- −$12.33
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.54
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Bybit: live order book, 4 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 BloFin live order book, 4 min ago | 0.69 bp | 8.0 bp −$8 | 12.2 bp −$122 | 25.6 bp −$2,561 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.32 bp | 9.1 bp −$9 | 16.9 bp −$169 | 55.4 bp −$5,540 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2157 | −0.093% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2153 | −0.288% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0060% | 1h | 0.2154 | −0.229% | $23K | $3K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2156 | −0.139% | $398K | $837K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2155 | −0.181% | $578K | $688K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2152 | −0.308% | $55.5M | $151.3M | 75x | as long as short |
| Bybit XLMUSDTshort | +0.0100% | 8h | 0.2153 | −0.269% | $43.9M | $44.3M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2153 | −0.283% | $13.0M | $41.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2152 | −0.333% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2153 | −0.292% | $24.8M | $26.1M | 300x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2152 | −0.338% | $14.3M | $10.3M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2153 | −0.296% | $25.5M | $19.5M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2153 | −0.296% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2152 | −0.329% | $89K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2158 | −0.039% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2160 | +0.065% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | +0.234% | $599K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2160 | +0.065% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2152 | −0.324% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2155 | −0.199% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2151 | −0.352% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2152 | −0.306% | $199K | $257K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2152 | −0.306% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2152 | −0.316% | $196K | $1.6M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0184% | 1h | 0.2152 | −0.327% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDTlong | +0.0220% | 8h | 0.2159 | long leg | $2.3M | $5.5M | 75x | |
| Phoenix XLM | +0.0223% | 1h | 0.2162 | +0.162% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2153 | −0.292% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0320% | 1h | 0.2156 | −0.157% | $12.5M | $6.2M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0448% | 1h | 0.2152 | −0.333% | $534K | $162K | 25x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2162 | +0.125% | $228K | $1.5M | 50x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDT
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
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL
Coinbase International XLM-PERP-INTX