Funding you earn now, next payment 20:00 UTC−0.0412%/8hpaid last 24h −0.083%
Price spread now: SunX against Lighter+0.028%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1471.470% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.028%, 7d avg −0.048%
=Together, before fees−0.134%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.077% dearer against Lighter than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.048%): +$8 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.061% in total) that is about 8.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% 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 | Lighter XLM | 0.2108 | 0.0512 | pay 0.0064% / 1h | 23m 34s | $430K | $671K | 5x |
| Short | SunX XLM-USDT | 0.2108 | 0.0100 | get 0.0100% / 8h | 4h 23m | $2K | $1.6M | 20x |
Lighter XLM
SunX XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Lighter. 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
- −$86.52
- Price spread: +0.028% → −0.048%
- $7.66
- Slippage, 4 orders
- −$139.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$225.87
- Costs to cover
- 1.470%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; SunX: live order book, 6 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 Lighter live order book, 5 min ago | 5.00 bp | 12.9 bp −$13 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 29.56 bp | 76.9 bp −$77 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2106 | −0.093% | $10K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0040% | 1h | 0.2102 | −0.267% | $23K | $3K | 10x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2104 | −0.173% | $53.4M | $138.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2103 | −0.218% | $42.7M | $38.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2103 | −0.247% | $11.7M | $37.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2103 | −0.247% | $3.9M | $5.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2103 | −0.232% | $23.9M | $24.5M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2102 | −0.270% | $14.1M | $9.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2103 | −0.218% | $24.9M | $16.7M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2103 | −0.242% | — | $6.8M | — | as long as short |
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2105 | −0.133% | $99K | $202K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2096 | −0.537% | $202K | $928K | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2103 | −0.238% | $11K | $296K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2106 | −0.077% | $581K | $569K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2103 | −0.228% | $168K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2106 | −0.085% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDTshort | +0.0100% | 8h | 0.2108 | +0.028% | $2K | $1.6M | 20x | |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2104 | −0.157% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2105 | −0.138% | $196K | $270K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2105 | −0.138% | $8.7M | $8.7M | 50x | as long as short |
| Aster XLMUSDT | +0.0102% | 8h | 0.2105 | −0.123% | $584K | $763K | 75x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2103 | −0.249% | $205K | $1.5M | 10x | as long as short |
| Phoenix XLM | +0.0153% | 1h | 0.2104 | −0.190% | $5K | $40K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0157% / S +0.0049% | 1h | 0.2106 | −0.091% | $46K | — | 100x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2104 | −0.171% | $2.2M | $6.1M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0252% | 1h | 0.2097 | −0.512% | $470 | $61K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0349% | 1h | 0.2105 | −0.136% | $2.5M | $2.1M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0424% | 1h | 0.2107 | −0.052% | $251K | $1.4M | 50x | as long as short |
| Hyperliquid XLM | +0.0453% | 1h | 0.2106 | −0.077% | $11.4M | $5.5M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0463% | 1h | 0.2107 | −0.057% | $523K | $152K | 25x | as long as short |
| Lighter XLMlong | +0.0512% | 1h | 0.2108 | long leg | $430K | $671K | 5x |
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Aster XLMUSDT
Extended XLM-USD
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
BloFin XLM-USDT
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL