Funding you earn now, next payment 05:00 UTC+0.0588%/8h= +64.4% APRpaid last 24h +0.141%
Price spread now: Deribit against Gate+0.052%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 7 days+0.214%+$21 on $10k
+Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.052%, 7d avg +0.069%
=The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.214% in total (about 11.2% 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 | Gate XLM_USDT | 0.2133 | 0.0100 | pay 0.0100% / 8h | 3h 23m | $4.1M | $6.9M | 75x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2134 | 0.0688 | get 0.0086% / 1h | 23m 38s | $529K | $157K | 25x |
Gate XLM_USDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- $123.48
- Price spread: +0.052% → +0.069%
- −$1.79
- Slippage, 4 orders
- −$27.61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $72.08
- Costs to cover
- 0.496%
- Break-even
- 2.9 days
Slippage from Gate: live order book, 5 min ago; Deribit: live order book, 30 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 Gate live order book, 5 min ago | 1.87 bp | 16.3 bp −$16 | 41.7 bp −$417 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 30 min ago | 5.12 bp | 8.6 bp −$9 | 18.1 bp −$181 | 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 | 0.2132 | −0.041% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.389% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2136 | +0.136% | $375K | $969K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2134 | +0.048% | $567K | $621K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2134 | +0.038% | $54.9M | $157.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2133 | −0.009% | $43.1M | $46.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2133 | −0.005% | $12.5M | $43.1M | 50x | as long as short |
| Gate XLM_USDTlong | +0.0100% | 8h | 0.2133 | long leg | $4.1M | $6.9M | 75x | |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2135 | +0.061% | $25.2M | $27.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2133 | −0.005% | $14.0M | $9.5M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
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 | 0.2133 | −0.005% | $25.8M | $21.9M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2133 | 0.000% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2138 | +0.225% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2140 | +0.328% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2145 | +0.571% | $601K | $618K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2140 | +0.323% | $171K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2134 | +0.033% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2133 | −0.023% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2133 | −0.009% | $581 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2135 | +0.084% | $197K | $250K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2134 | +0.019% | $9.0M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2133 | −0.020% | $190K | $1.8M | 10x | as long as short |
| Hyperliquid XLM | +0.0177% | 1h | 0.2136 | +0.122% | $12.3M | $6.3M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0185% | 1h | 0.2134 | +0.024% | $2.6M | $2.7M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2140 | +0.300% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2141 | +0.342% | $5K | $46K | 5x | as long as short |
| dYdX XLM-USD | +0.0300% | 1h | 0.2133 | +0.009% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2138 | +0.202% | $248K | $1.6M | 50x | as long as short |
| Backpack XLM_USDC_PERP | +0.0494% | 1h | 0.2134 | +0.009% | $127K | $294K | 20x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0519% / S −0.0247% | 1h | 0.2132 | −0.048% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0688% | 1h | 0.2134 | +0.052% | $529K | $157K | 25x |
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
Hyperliquid XLM
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
Backpack XLM_USDC_PERP
GMX XLM/USD [WBTC.b-USDC]