Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bybit+0.198%82s7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as 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−$360.355% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 3 days (all we have)−0.234%−$23 · spread now +0.198%, 7d avg +0.049%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.150% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.049%. The two prices were read 82 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 | Bybit XLMUSDT | 0.2169 | 0.0100 | pay 0.0100% / 8h | 43m 53s | $44.1M | $43.9M | 75x |
| Short | BloFin XLM-USDT | 0.2173 | 0.0220 | get 0.0220% / 8h | 43m 53s | $2.3M | $5.6M | 75x |
Bybit XLMUSDT
BloFin XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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: +0.198% → +0.049%
- $14.97
- Slippage, 4 orders
- −$12.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $4.62
- Costs to cover
- 0.355%
- Break-even
- 5.7 days
Slippage from Bybit: live order book, 5 min ago; BloFin: 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 Bybit live order book, 5 min ago | 2.31 bp | 12.4 bp −$12 | 17.6 bp −$176 | 79.9 bp −$7,989 | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.23 bp | 6.6 bp −$7 | 9.2 bp −$92 | 22.2 bp −$2,221 | 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 | 0.2047 | −5.625% | $6K | $238K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2171 | +0.075% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0010% | 1h | 0.2170 | +0.032% | $24K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2171 | +0.088% | $582K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2170 | +0.027% | $56.0M | $151.0M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2169 | long leg | $44.1M | $43.9M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2168 | −0.028% | $13.2M | $41.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2170 | +0.023% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2172 | +0.134% | $25.8M | $26.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2170 | +0.065% | $14.6M | $10.5M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
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 | 0.2170 | +0.037% | $25.8M | $19.2M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2170 | +0.028% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2175 | +0.287% | $258K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2170 | +0.060% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2171 | +0.074% | $601K | $633K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2169 | 0.000% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2171 | +0.092% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2169 | 0.000% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2171 | +0.078% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2172 | +0.115% | $200K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2171 | +0.092% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2170 | +0.026% | $194K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0106% | 1h | 0.2171 | +0.088% | $94K | $266K | 20x | as long as short |
| BloFin XLM-USDTshort | +0.0220% | 8h | 0.2173 | +0.198% | $2.3M | $5.6M | 75x | |
| Phoenix XLM | +0.0222% | 1h | 0.2169 | +0.014% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2170 | +0.063% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0411% | 1h | 0.2171 | +0.094% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2169 | +0.018% | $233K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0544% | 1h | 0.2173 | +0.175% | $12.4M | $6.1M | 5x | as long as short |
| Lighter XLM | +0.0600% | 1h | 0.2174 | +0.235% | $420K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0763% | 1h | 0.2173 | +0.184% | $539K | $160K | 25x | 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
Backpack XLM_USDC_PERP
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Lighter XLM
Deribit XLM_USDC-PERPETUAL