Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against BloFin−0.118%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days−0.276%−$28 on $10k
+Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.118%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.075% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XLM-USDT | 0.2119 | 0.0220 | pay 0.0220% / 8h | 2h 48m | $2.3M | $5.5M | 75x |
| Short | Bybit XLMUSDT | 0.2117 | 0.0100 | get 0.0100% / 8h | 2h 48m | $42.9M | $46.5M | 75x |
BloFin XLM-USDT
Bybit XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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: −0.118% → −0.043%
- −$7.54
- Slippage, 4 orders
- −$14.62
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$70.37
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Bybit: live order book, 5 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 BloFin live order book, 5 min ago | 0.71 bp | 8.0 bp −$8 | 13.1 bp −$131 | 25.2 bp −$2,523 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.36 bp | 12.3 bp −$12 | 17.8 bp −$178 | 60.1 bp −$6,013 | 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 | 0.2118 | −0.050% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.259% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2120 | +0.047% | $372K | $959K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2119 | −0.014% | $563K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2118 | −0.066% | $54.1M | $159.6M | 75x | as long as short |
| Bybit XLMUSDTshort | +0.0100% | 8h | 0.2117 | −0.118% | $42.9M | $46.5M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2118 | −0.085% | $12.4M | $43.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2119 | −0.047% | $4.1M | $7.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2118 | −0.085% | $24.9M | $27.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2119 | −0.028% | $13.9M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance 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 | 0.2117 | −0.113% | $25.5M | $22.5M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2118 | −0.057% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2118 | −0.057% | $125K | $295K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2119 | −0.017% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2118 | −0.073% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2121 | +0.094% | $594K | $608K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2121 | +0.075% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2119 | −0.024% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2117 | −0.127% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2118 | −0.071% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2120 | +0.005% | $195K | $250K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2119 | −0.014% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2118 | −0.092% | $190K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0143% | 1h | 0.2118 | −0.066% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0157% | 1h | 0.2120 | +0.005% | $12.1M | $6.4M | 5x | as long as short |
| dYdX XLM-USD | +0.0219% | 1h | 0.2118 | −0.089% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDTlong | +0.0220% | 8h | 0.2119 | long leg | $2.3M | $5.5M | 75x | |
| Phoenix XLM | +0.0226% | 1h | 0.2120 | +0.009% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2120 | +0.042% | $228K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2118 | −0.067% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0788% | 1h | 0.2121 | +0.057% | $526K | $162K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
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
Kraken Futures PF_XLMUSD
Hyperliquid XLM
dYdX XLM-USD
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL