Funding you earn now, next payment 03:00 UTC+0.0636%/8h= +69.6% APRpaid last 24h +0.133%
Price spread now: Deribit against MEXC−0.094%7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$140.139% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.094%, 7d avg +0.065%
=Funding pays, the price is against you. Deribit is 0.159% cheaper against MEXC than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.065%). If the spread goes back, that is −$16 on $10k: about 20 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.154% in total) that is about 7.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% 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 | MEXC XLM_USDT | 0.2134 | 0.0100 | pay 0.0100% / 8h | 5h 26m | $24.0M | $26.9M | 300x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2132 | 0.0736 | get 0.0092% / 1h | 26m 54s | $529K | $153K | 25x |
MEXC XLM_USDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against MEXC. 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
- $133.56
- Price spread: −0.094% → +0.065%
- −$15.92
- Slippage, 4 orders
- −$6.93
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $103.71
- Costs to cover
- 0.139%
- Break-even
- 1.6 days
Slippage from MEXC: live order book, 2 min ago; Deribit: live order book, 37 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 MEXC live order book, 2 min ago | 0.23 bp | 2.7 bp −$3 | 7.8 bp −$78 | 39.6 bp −$3,962 | 119.7 bp −$59.9K |
| Sell Deribit live order book, 37 min ago | 1.65 bp | 5.1 bp −$5 | 14.1 bp −$141 | 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 | 0.2130 | −0.199% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2132 | −0.075% | $358K | $903K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2134 | 0.000% | $54.7M | $154.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2134 | −0.023% | $43.2M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2134 | −0.019% | $12.6M | $42.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2133 | −0.061% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDTlong | +0.0100% | 8h | 0.2134 | long leg | $24.0M | $26.9M | 300x | |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2134 | −0.023% | $14.1M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2134 | −0.009% | $25.6M | $21.1M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2134 | −0.023% | — | $7.0M | — | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2132 | −0.103% | $97K | $273K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2139 | +0.237% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2138 | +0.180% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2136 | +0.075% | $591K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2139 | +0.248% | $171K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2131 | −0.141% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2129 | −0.234% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2131 | −0.155% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2131 | −0.155% | $197K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2133 | −0.047% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2133 | −0.029% | $190K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0107% | 8h | 0.2134 | −0.021% | $568K | $624K | 75x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2131 | −0.122% | $2.3M | $4.9M | 75x | as long as short |
| dYdX XLM-USD | +0.0233% | 1h | 0.2131 | −0.133% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2136 | +0.084% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0418% | 1h | 0.2134 | +0.005% | $12.3M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0461% | 1h | 0.2130 | −0.171% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2135 | +0.070% | $234K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0193% | 1h | 0.2130 | −0.197% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0736% | 1h | 0.2132 | −0.094% | $529K | $153K | 25x | |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −0.422% | $683 | $241K | 12x | as long as short |
Backpack XLM_USDC_PERP
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
Aster XLMUSDT
BloFin XLM-USDT
dYdX XLM-USD
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Injective XLM/USDC PERP