Funding you earn now, next payment 07:00 UTC−0.0900%/8h= −98.5% APRnext payment −$1.12 per $10,000 · paid last 24h −0.330%
Price spread now: Injective against Deribit+0.459%7-day average −0.210% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.438%−$44 on $10k
+Price spread, last 4 days (all we have)−0.483%−$48 · spread now +0.459%, 7d avg −0.210%
=The price spread pays, funding is against you. Injective is 0.668% dearer against Deribit than usual: you sell high and buy low (spread +0.459% now, against its 7-day average of −0.210%): +$67 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.438% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.438% in total (about -22.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.12 per $10,000. 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 | 0.2115 | 0.0933 | pay 0.0117% / 1h | 28m 59s | $524K | $168K | 25x |
| Short | Injective XLM/USDC PERP | 0.2125 | 0.0033 | get 0.0004% / 1h | 28m 59s | $683 | $241K | 12x |
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$188.93
- Price spread: +0.459% → −0.210%
- $66.84
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$129.11
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: live order book, 15 min ago; Injective: no order-book sample. Net counts fees only.
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, 15 min ago | 2.59 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2113 | −0.122% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERPshort | +0.0033% | 1h | 0.2125 | +0.459% | $683 | $241K | 12x | |
| Lighter XLM | +0.0096% | 1h | 0.2116 | +0.043% | $359K | $938K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2114 | −0.047% | $560K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2114 | −0.074% | $54.2M | $162.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2112 | −0.142% | $42.8M | $47.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2113 | −0.095% | $12.2M | $44.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2112 | −0.132% | $3.9M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2113 | −0.095% | $25.0M | $28.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2113 | −0.095% | $14.0M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
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 | 0.2113 | −0.128% | $25.4M | $23.1M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2113 | −0.090% | — | $7.4M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2113 | −0.103% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | −0.041% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2114 | −0.071% | $593K | $593K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2116 | +0.024% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2114 | −0.061% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2112 | −0.137% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2113 | −0.104% | $576 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2114 | −0.061% | $195K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2114 | −0.080% | $8.7M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2113 | −0.106% | $188K | $1.6M | 10x | as long as short |
| Hyperliquid XLM | +0.0158% | 1h | 0.2114 | −0.046% | $12.0M | $6.5M | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0162% | 1h | 0.2113 | −0.090% | $110K | $339K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2114 | −0.061% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0263% | 1h | 0.2113 | −0.095% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0267% | 1h | 0.2112 | −0.140% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0334% | 1h | 0.2114 | −0.074% | $2.5M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2116 | +0.019% | $221K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2113 | −0.105% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0933% | 1h | 0.2115 | long leg | $524K | $168K | 25x |
Bitget XLMUSDT
BingX XLM-USDT
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
Hyperliquid XLM
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]