Funding you earn now, next payment 05:00 UTC−0.0909%/8h= −99.5% APRpaid last 24h −0.141%
Price spread now: Binance against Deribit−0.065%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days−0.175%−$17 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.065%, 7d avg −0.057%
=The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$27 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 -0.175% in total (about -9.1% 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 | Deribit XLM_USDC-PERPETUAL | 0.2147 | 0.1009 | pay 0.0126% / 1h | 47m 56s | $533K | $154K | 25x |
| Short | Binance XLMUSDT | 0.2146 | 0.0100 | get 0.0100% / 8h | 3h 47m | $55.0M | $156.9M | 75x |
Deribit XLM_USDC-PERPETUAL
Binance XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$190.89
- Price spread: −0.065% → −0.057%
- −$0.79
- Slippage, 4 orders
- −$17.18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$225.86
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 6 min ago; Binance: live order book, 10 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 Deribit live order book, 6 min ago | 5.12 bp | 9.1 bp −$9 | 26.9 bp −$269 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.23 bp | 8.1 bp −$8 | 13.7 bp −$137 | 31.2 bp −$3,115 | 120.2 bp −$60.1K |
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 | 0.2144 | −0.137% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −1.043% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2148 | +0.028% | $377K | $969K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2145 | −0.116% | $570K | $622K | 75x | as long as short |
| Binance XLMUSDTshort | +0.0100% | 8h | 0.2146 | −0.065% | $55.0M | $156.9M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2145 | −0.112% | $43.4M | $45.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2145 | −0.093% | $12.6M | $43.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2145 | −0.107% | $4.0M | $6.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2146 | −0.075% | $24.0M | $26.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2145 | −0.116% | $14.1M | $9.5M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster 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 | 0.2145 | −0.088% | $26.0M | $21.9M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2145 | −0.107% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2146 | −0.059% | $257K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2146 | −0.055% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2147 | −0.009% | $594K | $605K | 10x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2146 | −0.065% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2145 | −0.135% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2145 | −0.116% | $584 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2148 | +0.019% | $198K | $253K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2145 | −0.102% | $9.1M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2145 | −0.128% | $191K | $1.8M | 10x | as long as short |
| dYdX XLM-USD | +0.0153% | 1h | 0.2148 | +0.019% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0184% | 1h | 0.2146 | −0.074% | $2.6M | $2.7M | 50x | as long as short |
| ApeX Omni XLMUSDT | +0.0194% | 1h | 0.2148 | +0.009% | $172K | $258K | 50x | as long as short |
| Hyperliquid XLM | +0.0211% | 1h | 0.2147 | −0.014% | $12.4M | $6.3M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2143 | −0.224% | $2.3M | $5.3M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2141 | −0.293% | $5K | $46K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2148 | +0.037% | $249K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0520% / S −0.0247% | 1h | 0.2144 | −0.175% | $40K | — | 100x | as long as short |
| Backpack XLM_USDC_PERP | +0.0700% | 1h | 0.2146 | −0.061% | $128K | $293K | 20x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.1009% | 1h | 0.2147 | long leg | $533K | $154K | 25x |
Bitget XLMUSDT
BingX XLM-USDT
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
dYdX XLM-USD
Kraken Futures PF_XLMUSD
ApeX Omni XLMUSDT
Hyperliquid XLM
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Backpack XLM_USDC_PERP