Funding you earn now, next payment 02:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.145%
Price spread now: Deribit against OKX−0.302%46s7-day average +0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as 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−$400.395% of the position
Funding, last 7 days+0.254%+$25 on $10k
+Price spread, last 3 days (all we have)+0.378%+$38 · spread now −0.302%, 7d avg +0.089%
=Funding pays, the price is against you. Deribit is 0.392% cheaper against OKX than usual: you would sell low and buy high (spread −0.302% now, against its 7-day average of +0.089%). If the spread goes back, that is −$39 on $10k: about 3.2 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.254% in total) that is about 11 days. The two prices were read 46 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 0.254% in total (about 13.3% 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 | OKX XLM-USDT-SWAP | 0.2117 | 0.0100 | pay 0.0100% / 8h | 6h 39m | $12.6M | $41.7M | 50x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2111 | 0.0509 | get 0.0064% / 1h | 39m 36s | $524K | $150K | 25x |
OKX XLM-USDT-SWAP
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- $85.89
- Price spread: −0.302% → +0.089%
- −$39.16
- Slippage, 4 orders
- −$22.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $7.22
- Costs to cover
- 0.395%
- Break-even
- 6.4 days
Slippage from OKX: live order book, 4 min ago; Deribit: live order book, 29 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 OKX live order book, 4 min ago | 0.23 bp | 10.2 bp −$10 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 29 min ago | 3.70 bp | 10.1 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2113 | −0.194% | $23K | $2K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2107 | −0.485% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.364% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2115 | −0.090% | $360K | $891K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2114 | −0.165% | $53.7M | $154.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2116 | −0.066% | $42.5M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAPlong | +0.0100% | 8h | 0.2117 | long leg | $12.6M | $41.7M | 50x | |
| Gate XLM_USDT | +0.0100% | 8h | 0.2114 | −0.156% | $4.0M | $6.6M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2116 | −0.066% | $23.8M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2115 | −0.123% | $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
Bybit XLMUSDT
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 | 0.2117 | +0.005% | $25.1M | $20.6M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2113 | −0.213% | — | $7.2M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2111 | −0.312% | $88K | $263K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2115 | −0.100% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | +0.386% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2115 | −0.118% | $592K | $612K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2124 | +0.312% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2110 | −0.345% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2098 | −0.916% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2111 | −0.307% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2106 | −0.543% | $194K | $269K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2111 | −0.279% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2113 | −0.197% | $190K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0117% | 8h | 0.2113 | −0.207% | $565K | $631K | 75x | as long as short |
| Hyperliquid XLM | +0.0131% | 1h | 0.2119 | +0.061% | $12.2M | $6.4M | 5x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2116 | −0.061% | $5K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2134 | +0.798% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0383% | 1h | 0.2113 | −0.199% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2113 | −0.194% | $228K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0509% | 1h | 0.2111 | −0.302% | $524K | $150K | 25x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0524% / S −0.0198% | 1h | 0.2106 | −0.515% | $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
BloFin XLM-USDT
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]