Funding you earn now, next payment 07:00 UTC+0.0899%/8h= +98.4% APRnext payment +$1.12 per $10,000 · paid last 24h +0.330%
Price spread now: Deribit against Injective−0.344%63s7-day average +0.210% · you buy dearer than you sell
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)+0.368%+$37 · spread now −0.344%, 7d avg +0.210%
=Funding pays, the price is against you. Deribit is 0.553% cheaper against Injective than usual: you would sell low and buy high (spread −0.344% now, against its 7-day average of +0.210%). If the spread goes back, that is −$55 on $10k: about 2.1 days of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.438% in total) that is about 8.8 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
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 | Injective XLM/USDC PERP | 0.2125 | 0.0033 | pay 0.0004% / 1h | 27m 33s | $683 | $241K | 12x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2118 | 0.0932 | get 0.0116% / 1h | 27m 33s | $525K | $168K | 25x |
Injective XLM/USDC PERP
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- $188.72
- Price spread: −0.344% → +0.210%
- −$55.34
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $126.36
- Costs to cover
- 0.070%
- Break-even
- 2.3 days
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 16 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 16 min ago | 2.59 bp | 6.1 bp −$6 | 14.4 bp −$144 | doesn't fit | doesn't fit |
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 | 0.2115 | −0.493% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERPlong | +0.0033% | 1h | 0.2125 | long leg | $683 | $241K | 12x | |
| Lighter XLM | +0.0096% | 1h | 0.2122 | −0.141% | $360K | $938K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2119 | −0.269% | $562K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2121 | −0.207% | $54.5M | $162.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2119 | −0.282% | $42.9M | $47.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2120 | −0.235% | $12.2M | $44.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2119 | −0.287% | $4.0M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2121 | −0.198% | $25.0M | $28.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2120 | −0.240% | $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 | 0.2120 | −0.245% | $25.5M | $23.0M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2119 | −0.259% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2113 | −0.559% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | −0.501% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2114 | −0.527% | $593K | $593K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2114 | −0.518% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2116 | −0.424% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2115 | −0.461% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2117 | −0.395% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2114 | −0.532% | $195K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2117 | −0.372% | $8.7M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2120 | −0.250% | $188K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0156% | 1h | 0.2117 | −0.367% | $110K | $339K | 20x | as long as short |
| Hyperliquid XLM | +0.0161% | 1h | 0.2122 | −0.160% | $12.1M | $6.5M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2114 | −0.518% | $2.3M | $5.5M | 75x | as long as short |
| dYdX XLM-USD | +0.0248% | 1h | 0.2119 | −0.299% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0263% | 1h | 0.2117 | −0.353% | $4K | $50K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0333% | 1h | 0.2117 | −0.357% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2116 | −0.438% | $221K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0247% | 1h | 0.2116 | −0.440% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0932% | 1h | 0.2118 | −0.344% | $525K | $168K | 25x |
Bitget XLMUSDT
BingX XLM-USDC
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
Backpack XLM_USDC_PERP
Hyperliquid XLM
BloFin XLM-USDT
dYdX XLM-USD
Phoenix XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]