Funding you earn now, next payment 23:00 UTC+0.0203%/8h= +22.3% APRnext payment +$0.25 per $10,000 · paid last 24h +0.148%
Price spread now: Deribit against Injective+6.317%7-day average +0.158% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 3 days (all we have)−6.128%−$613 · spread now +6.317%, 7d avg +0.158%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 6.159% dearer against Injective than usual: you sell high and buy low: +$616 more if the spread goes back to its 7-day average of +0.158%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XLM/USDC PERP | 0.2028 | 0.0475 | pay 0.0059% / 1h | 5m 03s | $5K | $238K | 12x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2156 | 0.0678 | get 0.0085% / 1h | 5m 03s | $535K | $166K | 25x |
Injective XLM/USDC PERP
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- $42.69
- Price spread: +6.317% → +0.158%
- $615.85
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $651.52
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 14 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 14 min ago | 5.54 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2154 | +6.210% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0022% | 1h | 0.2153 | +6.165% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2156 | +6.335% | $584K | $816K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2155 | +6.258% | $55.9M | $151.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2155 | +6.238% | $43.9M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2155 | +6.248% | $13.1M | $42.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2154 | +6.208% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2155 | +6.238% | $25.9M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2154 | +6.188% | $14.2M | $10.7M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2154 | +6.233% | $25.7M | $19.3M | 75x | as long as short |
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 XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2154 | +6.223% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2156 | +6.322% | $296K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2153 | +6.153% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2160 | +6.499% | $601K | $625K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2153 | +6.144% | $172K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2154 | +6.213% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2152 | +6.124% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2155 | +6.238% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2155 | +6.238% | $199K | $263K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2155 | +6.262% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2154 | +6.225% | $193K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0149% | 1h | 0.2154 | +6.228% | $97K | $272K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2155 | +6.262% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2154 | +6.233% | $5K | $41K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2153 | +6.178% | $45K | — | 100x | as long as short |
| Lighter XLM | +0.0352% | 1h | 0.2158 | +6.415% | $417K | $813K | 5x | as long as short |
| Hyperliquid XLM | +0.0412% | 1h | 0.2156 | +6.312% | $12.3M | $6.1M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2159 | +6.469% | $234K | $1.6M | 50x | as long as short |
| Injective XLM/USDC PERPlong | +0.0475% | 1h | 0.2028 | long leg | $5K | $238K | 12x | |
| Kraken Futures PF_XLMUSD | +0.0507% | 1h | 0.2156 | +6.288% | $2.6M | $2.7M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0678% | 1h | 0.2156 | +6.317% | $535K | $166K | 25x |
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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Lighter XLM
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD