Funding you earn now, next payment 03:00 UTC+0.0981%/8h= +107.4% APRpaid last 24h −0.131%
Price spread now: Injective against Variational Omni+0.229%76s7-day average −0.109% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.171%−$17 on $10k
+Price spread, last 3 days (all we have)−0.188%−$19 · spread now +0.229%, 7d avg −0.109%
=Together, before fees−0.359%+ Points / potential airdropVariational Omni: Active · farm board−$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Injective is 0.338% dearer against Variational Omni than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.109%. Mind the row above: over the last 3 days funding on this pair cost −0.171%, so the current rate has only just turned in your favour. The two prices were read 76 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 3 days it paid -0.171% in total (about -18.3% 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 | Variational Omni XLM | 0.2120 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $253K | $1.3M | — |
| Short | Injective XLM/USDC PERP | 0.2125 | 0.1081 | get 0.0135% / 1h | 53m 54s | $683 | $241K | 12x |
Variational Omni XLM
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- $205.99
- Price spread: +0.229% → −0.109%
- $33.81
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $239.78
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, just now; 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 Variational Omni RFQ quote, just now | 7.10 bp | doesn't fit | 11.8 bp −$118 | 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 30 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 | 0.2112 | −0.371% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2117 | −0.144% | $356K | $900K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2115 | −0.233% | $54.1M | $153.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2114 | −0.290% | $42.7M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2114 | −0.281% | $12.6M | $41.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2114 | −0.281% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2116 | −0.215% | $23.2M | $26.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2115 | −0.248% | $14.1M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2114 | −0.271% | $25.3M | $20.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2114 | −0.285% | — | $6.7M | — | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDCShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2115 | −0.252% | $87K | $261K | 20x | as long as short |
| Variational Omni XLMlong | +0.0100% | 8h | 0.2120 | long leg | $253K | $1.3M | — | |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2112 | −0.407% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2114 | −0.272% | $585K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2110 | −0.474% | $169K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2114 | −0.290% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2111 | −0.446% | $2K | $1.6M | 20x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2114 | −0.309% | $195K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2114 | −0.271% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2114 | −0.295% | $188K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0108% | 8h | 0.2114 | −0.270% | $565K | $623K | 75x | as long as short |
| SoDEX XLM-USD | +0.0160% | 1h | 0.2116 | −0.215% | $2K | $6K | 5x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2113 | −0.333% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0289% | 1h | 0.2116 | −0.205% | $12.2M | $6.1M | 5x | as long as short |
| dYdX XLM-USD | +0.0332% | 1h | 0.2112 | −0.404% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2117 | −0.149% | $233K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0465% | 1h | 0.2116 | −0.197% | $2.6M | $2.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0193% | 1h | 0.2112 | −0.379% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0791% | 1h | 0.2116 | −0.200% | $525K | $153K | 25x | as long as short |
| Injective XLM/USDC PERPshort | +0.1081% | 1h | 0.2125 | +0.229% | $683 | $241K | 12x |
Backpack XLM_USDC_PERP
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Aster XLMUSDT
SoDEX XLM-USD
Phoenix XLM
Hyperliquid XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL