Funding you earn now, next payment 23:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.031%
Price spread now: Deribit against Lighter−0.213%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.213%, 7d avg −0.038%
=Together, before fees+0.029%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.176% cheaper against Lighter than usual: you would sell low and buy high (spread −0.213% now, against its 7-day average of −0.038%). If the spread goes back, that is −$18 on $10k: about 8.1 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XLM | 0.2202 | 0.0680 | pay 0.0085% / 1h | 44m 32s | $433K | $805K | 5x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2197 | 0.0752 | get 0.0094% / 1h | 44m 32s | $545K | $174K | 25x |
Lighter XLM
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. 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
- $15.12
- Price spread: −0.213% → −0.038%
- −$17.59
- Slippage, 4 orders
- −$43
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$52.47
- Costs to cover
- 0.500%
- Break-even
- 31.3 days
Slippage from Lighter: live order book, 35 min ago; Deribit: live order book, 39 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 Lighter live order book, 35 min ago | 3.94 bp | 27.8 bp −$28 | 65.2 bp −$652 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 39 min ago | 4.89 bp | 8.4 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 | 0.2197 | −0.217% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0015% | 1h | 0.2197 | −0.228% | $24K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2197 | −0.223% | $597K | $800K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2198 | −0.159% | $57.3M | $148.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2197 | −0.204% | $44.7M | $43.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2196 | −0.250% | $13.4M | $42.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2198 | −0.164% | $4.0M | $6.0M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2197 | −0.204% | $26.0M | $25.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2197 | −0.204% | $14.8M | $10.6M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2197 | −0.227% | $26.3M | $18.8M | 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-USDC | +0.0100% | 8h | 0.2197 | −0.195% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2183 | −0.836% | $314K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2180 | −0.963% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2183 | −0.869% | $609K | $622K | 10x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2196 | −0.259% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2190 | −0.545% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2197 | −0.236% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2195 | −0.291% | $202K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2195 | −0.304% | $9.3M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2197 | −0.202% | $196K | $1.6M | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0138% | 1h | 0.2180 | −0.999% | $175K | $256K | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2196 | −0.259% | $2.4M | $6.4M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2173 | −1.317% | $5K | $41K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0345% / S −0.0195% | 1h | 0.2193 | −0.380% | $50K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0366% | 1h | 0.2199 | −0.129% | $12.5M | $6.0M | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0372% | 1h | 0.2197 | −0.200% | $103K | $254K | 20x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2194 | −0.345% | $248K | $1.5M | 50x | as long as short |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2156 | −2.076% | $116 | $185K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0498% | 1h | 0.2197 | −0.229% | $2.6M | $2.6M | 50x | as long as short |
| Lighter XLMlong | +0.0680% | 1h | 0.2202 | long leg | $433K | $805K | 5x | |
| Deribit XLM_USDC-PERPETUALshort | +0.0752% | 1h | 0.2197 | −0.213% | $545K | $174K | 25x |
BingX XLM-USDC
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
ApeX Omni XLMUSDT
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Backpack XLM_USDC_PERP
Coinbase International XLM-PERP-INTX
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD