Funding you earn now, next payment 01:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.001%
Price spread now: Backpack against Aster−0.012%45s7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$410.410% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)−0.106%−$11 · spread now −0.012%, 7d avg −0.062%
=Together, before fees−0.141%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.049% dearer against Aster than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.062%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.035% in total) that is about 9.8 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster XLMUSDT | 0.2169 | 0.0156 | pay 0.0156% / 8h | 7h 09m | $582K | $660K | 75x |
| Short | Backpack XLM_USDC_PERP | 0.2169 | 0.0100 | get 0.0013% / 1h | 9m 28s | $89K | $260K | 20x |
Aster XLMUSDT
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- −$11.79
- Price spread: −0.012% → −0.062%
- $4.95
- Slippage, 4 orders
- −$23.02
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$47.86
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Aster: live order book, 63 min ago; Backpack: live order book, 64 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 Aster live order book, 63 min ago | 2.55 bp | 9.8 bp −$10 | 37.5 bp −$375 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 64 min ago | 0.23 bp | 10.5 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2157 | −0.566% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2166 | −0.173% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0063% | 1h | 0.2169 | +0.008% | $24K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2172 | +0.140% | $400K | $838K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2167 | −0.107% | $55.9M | $150.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2166 | −0.141% | $44.5M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2165 | −0.201% | $13.1M | $41.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2167 | −0.105% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2168 | −0.049% | $25.1M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2167 | −0.091% | $14.4M | $10.1M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
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 | 0.2168 | −0.077% | $25.9M | $19.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2167 | −0.123% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0100% | 1h | 0.2169 | −0.012% | $89K | $260K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2167 | −0.098% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2168 | −0.071% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2169 | −0.005% | $611K | $590K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2168 | −0.063% | $174K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2167 | −0.105% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2165 | −0.201% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2167 | −0.082% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2169 | −0.031% | $200K | $257K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2168 | −0.054% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2168 | −0.075% | $197K | $1.7M | 10x | as long as short |
| Aster XLMUSDTlong | +0.0156% | 8h | 0.2169 | long leg | $582K | $660K | 75x | |
| Kraken Futures PF_XLMUSD | +0.0182% | 1h | 0.2168 | −0.056% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2167 | −0.091% | $2.3M | $5.3M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2171 | +0.061% | $5K | $42K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2171 | +0.071% | $235K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0529% | 1h | 0.2170 | +0.034% | $12.6M | $6.3M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0580% | 1h | 0.2171 | +0.066% | $539K | $150K | 25x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0616% / S −0.1237% | 1h | 0.2169 | −0.022% | $175K | — | 100x | as long as short |
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
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL
GMX XLM/USD [WBTC.b-USDC]