Funding you earn now, next payment 07:00 UTC+0.0877%/8h= +96.0% APRpaid last 24h +0.149%
Price spread now: Deribit against SunX+0.094%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1361.361% of the position
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.094%, 7d avg +0.031%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Deribit is 0.063% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.031%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.5% 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 | SunX XLM-USDT | 0.2120 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $2K | $1.6M | 20x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2122 | 0.0977 | get 0.0122% / 1h | 0m 03s | $526K | $172K | 25x |
SunX XLM-USDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against SunX. 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
- $184.17
- Price spread: +0.094% → +0.031%
- $6.33
- Slippage, 4 orders
- −$121.08
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $54.42
- Costs to cover
- 1.361%
- Break-even
- 4.9 days
Slippage from SunX: live order book, 5 min ago; Deribit: live order book, 44 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 SunX live order book, 5 min ago | 29.40 bp | 47.7 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 44 min ago | 2.59 bp | 6.1 bp −$6 | 14.4 bp −$144 | 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 | 0.2119 | −0.064% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.241% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2122 | +0.094% | $366K | $947K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2121 | +0.054% | $563K | $615K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2120 | +0.005% | $54.3M | $162.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2118 | −0.090% | $43.0M | $47.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2119 | −0.042% | $12.2M | $44.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2119 | −0.057% | $4.0M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2120 | +0.005% | $24.6M | $29.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2120 | 0.000% | $14.0M | $9.4M | 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
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 | 0.2119 | −0.042% | $25.4M | $22.8M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.038% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2116 | −0.178% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2121 | +0.040% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2120 | +0.019% | $594K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2122 | +0.118% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2120 | +0.005% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDTlong | +0.0100% | 8h | 0.2120 | long leg | $2K | $1.6M | 20x | |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2120 | 0.000% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2116 | −0.179% | $195K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2121 | +0.033% | $8.7M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2120 | −0.013% | $189K | $1.5M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0200% | 1h | 0.2120 | 0.000% | $130K | $348K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2119 | −0.042% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0263% | 1h | 0.2124 | +0.193% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0313% | 1h | 0.2118 | −0.110% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0333% | 1h | 0.2121 | +0.032% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0342% | 1h | 0.2121 | +0.061% | $12.1M | $6.5M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2127 | +0.344% | $222K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2119 | −0.045% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0977% | 1h | 0.2122 | +0.094% | $526K | $172K | 25x |
Bitget XLMUSDT
BingX XLM-USDT
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]