Funding you earn now, next payment 01:00 UTC−0.0352%/8h= −38.5% APRnext payment −$0.44 per $10,000 · paid last 24h −0.037%
Price spread now: Lighter against Deribit+0.102%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$550.553% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.102%, 7d avg +0.038%
=Together, before fees−0.005%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.064% dearer against Deribit than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.038%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.019% in total) that is about 24 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 per $10,000. 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 | 0.2152 | 0.0448 | pay 0.0056% / 1h | 49m 55s | $534K | $162K | 25x |
| Short | Lighter XLM | 0.2154 | 0.0096 | get 0.0012% / 1h | 49m 55s | $398K | $837K | 5x |
Deribit XLM_USDC-PERPETUAL
Lighter XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$73.92
- Price spread: +0.102% → +0.038%
- $6.42
- Slippage, 4 orders
- −$48.29
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$122.79
- Costs to cover
- 0.553%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 24 min ago; Lighter: live order book, 20 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, 24 min ago | 2.56 bp | 6.1 bp −$6 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 20 min ago | 5.81 bp | 16.9 bp −$17 | 50.5 bp −$505 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2157 | +0.242% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2153 | +0.046% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0060% | 1h | 0.2154 | +0.105% | $23K | $3K | 10x | as long as short |
| Lighter XLMshort | +0.0096% | 1h | 0.2154 | +0.102% | $398K | $837K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2155 | +0.126% | $578K | $688K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2153 | +0.034% | $55.5M | $151.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2152 | −0.005% | $43.9M | $44.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2151 | −0.019% | $13.0M | $41.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2150 | −0.074% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2153 | +0.042% | $24.8M | $26.1M | 300x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2152 | −0.005% | $14.3M | $10.3M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2152 | −0.009% | $25.5M | $19.5M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2152 | +0.009% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2152 | +0.005% | $89K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2158 | +0.296% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2160 | +0.400% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | +0.569% | $599K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2160 | +0.400% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2152 | +0.009% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2155 | +0.135% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2151 | −0.019% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2152 | +0.028% | $199K | $257K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2152 | +0.028% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2152 | +0.018% | $196K | $1.6M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0184% | 1h | 0.2152 | +0.006% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2159 | +0.335% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2162 | +0.497% | $5K | $42K | 5x | as long as short |
| Hyperliquid XLM | +0.0311% | 1h | 0.2155 | +0.125% | $12.4M | $6.2M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2153 | +0.041% | $45K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0448% | 1h | 0.2152 | long leg | $534K | $162K | 25x | |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2162 | +0.460% | $228K | $1.5M | 50x | as long as short |
KuCoin XLMUSDTM
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
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX