Funding you earn now, next payment 09:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.029%
Price spread now: BloFin against Backpack−0.019%7-day average +0.012% · 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−$40as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now −0.019%, 7d avg +0.012%
=Funding pays, the price is against you. BloFin is 0.031% cheaper against Backpack than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.012%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2111 | 0.0100 | pay 0.0013% / 1h | 33m 03s | $129K | $344K | 20x |
| Short | BloFin XLM-USDT | 0.2111 | 0.0220 | get 0.0220% / 8h | 7h 33m | $2.3M | $5.4M | 75x |
Backpack XLM_USDC_PERP
BloFin XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. 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
- $25.2
- Price spread: −0.019% → +0.012%
- −$3.06
- Slippage, 4 orders
- −$14.97
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$14.83
- Costs to cover
- 0.370%
- Break-even
- 11.1 days
Slippage from Backpack: live order book, 66 min ago; BloFin: 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 Backpack live order book, 66 min ago | 1.42 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 3.07 bp | 10.0 bp −$10 | 15.6 bp −$156 | 29.1 bp −$2,908 | 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 | 0.2111 | −0.016% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.663% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2113 | +0.090% | $364K | $918K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2111 | +0.023% | $560K | $583K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2111 | 0.000% | $54.9M | $160.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2110 | −0.047% | $43.5M | $46.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2111 | −0.009% | $12.2M | $44.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2111 | −0.014% | $3.9M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2112 | +0.028% | $24.4M | $29.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2109 | −0.090% | $13.9M | $9.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
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 | 0.2111 | −0.005% | $25.5M | $22.9M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2111 | −0.005% | — | $7.3M | — | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0100% | 1h | 0.2111 | long leg | $129K | $344K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2113 | +0.102% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | +0.126% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2113 | +0.113% | $589K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2116 | +0.246% | $170K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2109 | −0.095% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2107 | −0.171% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2110 | −0.062% | $575 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2109 | −0.085% | $194K | $213K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2110 | −0.047% | $8.6M | $8.8M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2109 | −0.116% | $188K | $897K | 10x | as long as short |
| BloFin XLM-USDTshort | +0.0220% | 8h | 0.2111 | −0.019% | $2.3M | $5.4M | 75x | |
| Phoenix XLM | +0.0226% | 1h | 0.2117 | +0.270% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2110 | −0.033% | $211K | $1.6M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0342% | 1h | 0.2109 | −0.075% | $2.5M | $2.6M | 50x | as long as short |
| Hyperliquid XLM | +0.0477% | 1h | 0.2113 | +0.114% | $12.1M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0247% | 1h | 0.2108 | −0.152% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0746% | 1h | 0.2110 | −0.033% | $523K | $148K | 25x | as long as short |
| dYdX XLM-USD | +0.1110% | 1h | 0.2107 | −0.203% | $23K | $2K | 10x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Phoenix XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
dYdX XLM-USD