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: BloFin against Bybit+0.956%572s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as 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−$390.389% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 3 days (all we have)−0.952%−$95 · spread now +0.956%, 7d avg +0.051%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.905% dearer against Bybit than usual: you sell high and buy low: +$90 more if the spread goes back to its 7-day average of +0.051%. The two prices were read 572 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 | Bybit XLMUSDT | 0.2114 | 0.0100 | pay 0.0100% / 8h | 6h 39m | $42.5M | $46.2M | 75x |
| Short | BloFin XLM-USDT | 0.2134 | 0.0220 | get 0.0220% / 8h | 6h 39m | $2.3M | $5.2M | 75x |
Bybit XLMUSDT
BloFin XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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: +0.956% → +0.051%
- $90.46
- Slippage, 4 orders
- −$15.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $76.72
- Costs to cover
- 0.389%
- Break-even
- from the start
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 9 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 Bybit live order book, 4 min ago | 2.35 bp | 9.7 bp −$10 | 15.8 bp −$158 | 77.9 bp −$7,793 | doesn't fit |
| Sell BloFin live order book, 9 min ago | 3.52 bp | 10.5 bp −$10 | 13.5 bp −$135 | 23.1 bp −$2,312 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2113 | −0.039% | $23K | $2K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2107 | −0.330% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.520% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2115 | +0.066% | $360K | $891K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2116 | +0.090% | $53.7M | $154.8M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2114 | long leg | $42.5M | $46.2M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2114 | −0.009% | $12.6M | $41.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2112 | −0.076% | $4.0M | $6.6M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2116 | +0.090% | $23.8M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2115 | +0.033% | $14.0M | $10.0M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Binance 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 | 0.2114 | +0.014% | $25.1M | $20.6M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2113 | −0.057% | — | $7.2M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2111 | −0.156% | $88K | $263K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2115 | +0.055% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | +0.543% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2126 | +0.559% | $595K | $612K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2124 | +0.468% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2110 | −0.189% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2098 | −0.762% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2111 | −0.151% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2106 | −0.388% | $194K | $269K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2111 | −0.123% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2112 | −0.076% | $190K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0117% | 8h | 0.2112 | −0.094% | $565K | $630K | 75x | as long as short |
| Hyperliquid XLM | +0.0134% | 1h | 0.2116 | +0.085% | $12.2M | $6.4M | 5x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2126 | +0.568% | $5K | $46K | 5x | as long as short |
| BloFin XLM-USDTshort | +0.0220% | 8h | 0.2134 | +0.956% | $2.3M | $5.2M | 75x | |
| Kraken Futures PF_XLMUSD | +0.0383% | 1h | 0.2113 | −0.044% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2113 | −0.038% | $228K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0509% | 1h | 0.2111 | −0.147% | $524K | $150K | 25x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0524% / S −0.0198% | 1h | 0.2106 | −0.360% | $44K | — | 100x | as long as short |
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
Aster XLMUSDT
Hyperliquid XLM
Phoenix XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL
GMX XLM/USD [WBTC.b-USDC]