Funding you earn now, next payment 22:00 UTC+0.0149%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h −0.014%
Price spread now: Injective against Backpack−1.441%72s7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 3 days (all we have)+1.276%+$128 · spread now −1.441%, 7d avg −0.090%
=Funding pays, the price is against you. Injective is 1.351% cheaper against Backpack than usual: you would sell low and buy high (spread −1.441% now, against its 7-day average of −0.090%). If the spread goes back, that is −$135 on $10k: about 30 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour. The two prices were read 72 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 | Backpack XLM_USDC_PERP | 0.2158 | 0.0100 | pay 0.0013% / 1h | 11m 33s | $102K | $223K | 20x |
| Short | Injective XLM/USDC PERP | 0.2127 | 0.0249 | get 0.0031% / 1h | 11m 33s | $476 | $154K | 12x |
Backpack XLM_USDC_PERP
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $31.36
- Price spread: −1.441% → −0.090%
- −$135.09
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$113.75
- Costs to cover
- 0.100%
- Break-even
- 32.4 days
Slippage unknown: Backpack: live order book, 12 min ago; 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 Backpack live order book, 12 min ago | 0.70 bp | 8.0 bp −$8 | doesn't fit | 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 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 | 0.2161 | +0.154% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2158 | −0.014% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2161 | +0.148% | $590K | $796K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2163 | +0.232% | $56.2M | $146.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2162 | +0.176% | $43.9M | $41.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2164 | +0.269% | $13.1M | $41.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2161 | +0.153% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2162 | +0.181% | $25.7M | $25.5M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2162 | +0.181% | $14.6M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2164 | +0.273% | $25.9M | $18.2M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2163 | +0.246% | — | $6.9M | — | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0100% | 1h | 0.2158 | long leg | $102K | $223K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2160 | +0.107% | $234K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2165 | +0.339% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2159 | +0.056% | $605K | $595K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2166 | +0.352% | $174K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2158 | −0.005% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2155 | −0.120% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2158 | −0.023% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2159 | +0.042% | $199K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2158 | +0.014% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2164 | +0.274% | $194K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2163 | +0.241% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2162 | +0.158% | $2.3M | $6.2M | 75x | as long as short |
| Injective XLM/USDC PERPshort | +0.0249% | 1h | 0.2127 | −1.441% | $476 | $154K | 12x | |
| Hyperliquid XLM | +0.0305% | 1h | 0.2164 | +0.283% | $12.2M | $5.9M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0314% / S −0.0166% | 1h | 0.2158 | −0.006% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2170 | +0.570% | $231K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0547% | 1h | 0.2159 | +0.024% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0584% | 1h | 0.2160 | +0.083% | $536K | $170K | 25x | as long as short |
| Lighter XLM | +0.0816% | 1h | 0.2167 | +0.398% | $426K | $804K | 5x | as long as short |
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
BloFin XLM-USDT
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL
Lighter XLM