Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Backpack against Extended+0.206%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.206%, 7d avg +0.039%
=Together, before fees−0.226%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.167% dearer against Extended than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XLM-USD | 0.2155 | 0.0104 | pay 0.0013% / 1h | 26m 33s | $193K | $1.6M | 10x |
| Short | Backpack XLM_USDC_PERP | 0.2159 | 0.0100 | get 0.0013% / 1h | 26m 33s | $90K | $270K | 20x |
Extended XLM-USD
Backpack XLM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- −$0.84
- Price spread: +0.206% → +0.039%
- $16.73
- Slippage, 4 orders
- −$14.9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$14
- Costs to cover
- 0.299%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago | 2.32 bp | 5.9 bp −$6 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 52 min ago | 0.92 bp | 8.5 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2030 | −5.799% | $3K | $240K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2154 | −0.025% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0095% | 1h | 0.2157 | +0.083% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2158 | +0.147% | $579K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2156 | +0.042% | $55.6M | $150.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2155 | −0.017% | $43.7M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2155 | −0.012% | $13.0M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2155 | +0.020% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2155 | +0.020% | $25.1M | $26.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2155 | +0.011% | $14.5M | $10.4M | 75x | 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_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 | 0.2155 | −0.017% | $25.7M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2155 | −0.008% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERPshort | +0.0100% | 1h | 0.2159 | +0.206% | $90K | $270K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2160 | +0.245% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2161 | +0.291% | $12K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2161 | +0.280% | $598K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2161 | +0.285% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2158 | +0.141% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2157 | +0.090% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2157 | +0.118% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2158 | +0.146% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2159 | +0.183% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USDlong | +0.0104% | 1h | 0.2155 | long leg | $193K | $1.6M | 10x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2159 | +0.169% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2160 | +0.229% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2157 | +0.097% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0413% | 1h | 0.2158 | +0.128% | $2.6M | $2.6M | 50x | as long as short |
| Hyperliquid XLM | +0.0441% | 1h | 0.2157 | +0.094% | $12.3M | $6.1M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2164 | +0.419% | $233K | $1.5M | 50x | as long as short |
| Lighter XLM | +0.0520% | 1h | 0.2160 | +0.238% | $418K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0816% | 1h | 0.2160 | +0.211% | $536K | $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
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Lighter XLM
Deribit XLM_USDC-PERPETUAL