Funding you earn now, next payment 07:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.005%
Price spread now: Backpack against edgeX+0.024%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.024%, 7d avg +0.002%
=Together, before fees−0.097%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Backpack is 0.022% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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 | edgeX XLMUSDC | 0.2124 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $12K | $306K | 10x |
| Short | Backpack XLM_USDC_PERP | 0.2124 | 0.0298 | get 0.0037% / 1h | 56m 36s | $131K | $329K | 20x |
edgeX XLMUSDC
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. 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
- $41.67
- Price spread: +0.024% → +0.002%
- $2.2
- Slippage, 4 orders
- −$9.3
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $15.56
- Costs to cover
- 0.283%
- Break-even
- 4.4 days
Slippage from edgeX: live order book, 51 min ago; Backpack: live order book, 52 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 edgeX live order book, 51 min ago | 1.18 bp | 5.9 bp −$6 | 49.4 bp −$494 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 52 min ago | 0.24 bp | 8.1 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2124 | −0.011% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.048% | $683 | $241K | 12x | as long as short |
| dYdX XLM-USD | +0.0065% | 1h | 0.2121 | −0.161% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2124 | −0.018% | $356K | $930K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2124 | −0.011% | $563K | $633K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2120 | −0.186% | $54.5M | $162.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2119 | −0.235% | $42.9M | $47.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2121 | −0.150% | $12.3M | $44.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2120 | −0.197% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2122 | −0.108% | $25.3M | $28.4M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
dYdX XLM-USD
Lighter XLM
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 | 0.2121 | −0.155% | $13.9M | $9.4M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2121 | −0.136% | $25.5M | $22.9M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2121 | −0.145% | — | $7.4M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2126 | +0.100% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDClong | +0.0100% | 4h | 0.2124 | long leg | $12K | $306K | 10x | |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2128 | +0.171% | $590K | $602K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2128 | +0.170% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2124 | +0.001% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2123 | −0.037% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2124 | +0.015% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2127 | +0.128% | $196K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2125 | +0.052% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2120 | −0.165% | $189K | $1.8M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2126 | +0.104% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2127 | +0.132% | $4K | $49K | 5x | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0298% | 1h | 0.2124 | +0.024% | $131K | $329K | 20x | |
| Hyperliquid XLM | +0.0320% | 1h | 0.2122 | −0.075% | $12.1M | $6.6M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0332% | 1h | 0.2125 | +0.057% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2128 | +0.203% | $223K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2124 | −0.010% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0833% | 1h | 0.2126 | +0.099% | $527K | $167K | 25x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDT
Variational Omni XLM
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
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL