Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.109%
Price spread now: Extended against Lighter−0.360%7-day average −0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$560.559% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.360%, 7d avg −0.138%
=Together, before fees+0.132%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$13 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: Extended is 0.223% cheaper against Lighter than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.138%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XLM | 0.2158 | 0.0104 | pay 0.0013% / 1h | 50m 23s | $399K | $837K | 5x |
| Short | Extended XLM-USD | 0.2150 | 0.0104 | get 0.0013% / 1h | 50m 23s | $196K | $1.6M | 10x |
Lighter XLM
Extended XLM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0
- Price spread: −0.360% → −0.138%
- −$22.27
- Slippage, 4 orders
- −$50.86
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$78.13
- Costs to cover
- 0.559%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 20 min ago; Extended: live order book, 3 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, 20 min ago | 5.81 bp | 26.3 bp −$26 | 61.7 bp −$617 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 2.78 bp | 6.4 bp −$6 | 15.7 bp −$157 | 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 | 0.2157 | −0.042% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2153 | −0.237% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0060% | 1h | 0.2154 | −0.178% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2160 | +0.076% | $579K | $688K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2155 | −0.151% | $55.6M | $151.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2151 | −0.301% | $43.9M | $44.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2150 | −0.357% | $13.0M | $41.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2156 | −0.107% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2155 | −0.116% | $24.8M | $26.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2155 | −0.111% | $14.4M | $10.3M | 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 | 0.2151 | −0.338% | $25.5M | $19.5M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2153 | −0.209% | — | $7.1M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2158 | +0.012% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2160 | +0.116% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | +0.285% | $599K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2160 | +0.116% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2152 | −0.273% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2155 | −0.148% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2151 | −0.301% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2152 | −0.255% | $199K | $257K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2158 | −0.005% | $9.0M | $9.1M | 50x | as long as short |
| Lighter XLMlong | +0.0104% | 1h | 0.2158 | long leg | $399K | $837K | 5x | |
| Extended XLM-USDshort | +0.0104% | 1h | 0.2150 | −0.360% | $196K | $1.6M | 10x | |
| Backpack XLM_USDC_PERP | +0.0152% | 1h | 0.2156 | −0.070% | $89K | $269K | 20x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0184% | 1h | 0.2152 | −0.276% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2159 | +0.051% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2162 | +0.213% | $5K | $42K | 5x | as long as short |
| Hyperliquid XLM | +0.0314% | 1h | 0.2157 | −0.023% | $12.5M | $6.2M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2153 | −0.241% | $45K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0448% | 1h | 0.2152 | −0.283% | $534K | $162K | 25x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2162 | +0.176% | $228K | $1.5M | 50x | 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
Backpack XLM_USDC_PERP
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Coinbase International XLM-PERP-INTX