Funding you earn now, next payment 02:00 UTC−0.0463%/8h= −50.7% APRpaid last 24h −0.145%
Price spread now: Aster against Deribit−0.040%55s7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as 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−$440.439% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.040%, 7d avg −0.005%
=Together, before fees−0.020%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Aster is 0.035% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XLM_USDC-PERPETUAL | 0.2129 | 0.0596 | pay 0.0075% / 1h | 45m 26s | $528K | $150K | 25x |
| Short | Aster XLMUSDT | 0.2128 | 0.0133 | get 0.0133% / 8h | 6h 45m | $569K | $631K | 75x |
Deribit XLM_USDC-PERPETUAL
Aster XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Deribit. 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
- −$97.29
- Price spread: −0.040% → −0.005%
- −$3.53
- Slippage, 4 orders
- −$28.93
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$144.74
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 23 min ago; Aster: live order book, 22 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 Deribit live order book, 23 min ago | 3.70 bp | 7.2 bp −$7 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Aster live order book, 22 min ago | 3.00 bp | 12.0 bp −$12 | 28.2 bp −$282 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2127 | −0.089% | $23K | $2K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2124 | −0.226% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.169% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2128 | −0.047% | $370K | $880K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2125 | −0.155% | $54.0M | $154.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2124 | −0.207% | $42.9M | $45.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2124 | −0.226% | $12.7M | $41.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2124 | −0.197% | $4.0M | $6.4M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2126 | −0.141% | $24.1M | $26.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2125 | −0.160% | $14.1M | $10.0M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
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 | 0.2125 | −0.164% | $25.3M | $20.4M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2125 | −0.179% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2128 | −0.047% | $89K | $263K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2127 | −0.067% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2130 | +0.068% | $12K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2136 | +0.343% | $598K | $612K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2128 | −0.014% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2124 | −0.216% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2126 | −0.127% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2127 | −0.052% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2129 | 0.000% | $197K | $269K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | −0.056% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2127 | −0.094% | $190K | $1.8M | 10x | as long as short |
| Aster XLMUSDTshort | +0.0133% | 8h | 0.2128 | −0.040% | $569K | $631K | 75x | |
| Hyperliquid XLM | +0.0159% | 1h | 0.2127 | −0.094% | $12.2M | $6.4M | 5x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2136 | +0.366% | $5K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2134 | +0.263% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0380% | 1h | 0.2128 | −0.023% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2130 | +0.085% | $233K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0526% / S −0.0198% | 1h | 0.2127 | −0.089% | $45K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0596% | 1h | 0.2129 | long leg | $528K | $150K | 25x |
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
Hyperliquid XLM
Phoenix XLM
BloFin XLM-USDT
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]