XLM Funding Rate — live across 15 venues

Compared across 15 supported venues · net of estimated fees · updated every few minutes

Live annualized XLM perpetual funding across all 15 venues Perpia tracks. Right now XLM funding is positive on 14 and negative on 0, ranging from +11.4% on Extended to +0.0% on GMTrade — a spread of 11.4%. The widest delta-neutral trade is long GMTrade / short MEXC at 7.3% net APR.

venues

paying positive

11.4%

funding spread

Best XLM spread now

7.3%

net APR after fees

Long GMTrade→Short MEXC

size depends on live venue depth — see the real cap in the scanner

XLM funding trend & liquidity

168h of history

10.9%

current gross APR

10.9%

24h average

5.5%

7-day average

$600K

pair OI · lower leg

$3.6M

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

XLM funding rate history

30d · 6h buckets · 12 venues

186%0-51.3%

6 Aug5 Sep

XLM — average across 12 venuesAsterBackPackExtendedHyperliquid

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +10.5%. A break in a line means no data was recorded for that stretch, not a zero rate.

XLM funding rate by venue

14 pairs scanned

Venue	Funding APR	Interval
Extended ↗	+11.4%	1h
MEXC ↗	+10.9%	8h
Gate.io ↗	+10.9%	8h
Binance ↗	+10.9%	8h
OKX ↗	+10.9%	8h
BingX ↗	+10.9%	8h
KuCoin ↗	+10.9%	8h
Bitget ↗	+10.9%	8h
BackPack ↗	+10.9%	1h
Aster ↗	+10.9%	8h
Hyperliquid ↗	+10.9%	1h
Bybit ↗	+10.9%	8h
Variational ↗	+10.9%	8h
Lighter ↗	+10.5%	8h
GMTrade ↗	+0.0%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the GMTrade vs MEXC page.

XLM arbitrage — 30-day backtest

long GMTrade · short MEXC

1.3%

backtested APR

+$10

historical net P&L on $10,000

0.17%

max drawdown

$10,000$10,010

30 days agostarting capital $10,000today

Over the last 30 days, holding long GMTrade / short MEXC would have produced 1.3% APR — versus the 7.3% the live spread implies right now (equity $10,000 → $10,010). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading XLM backtest…

XLM funding — FAQ

Is XLM funding positive right now?

XLM perpetual funding is positive on 14 of 15 venues Perpia tracks. The highest is +11.4% on Extended; the lowest is +0.0% on GMTrade.

What is the best XLM funding arbitrage right now?

Go long GMTrade and short MEXC for about 7.3% net APR after fees — the widest delta-neutral XLM spread Perpia currently sees.

Which exchange has the highest XLM funding rate?

Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.

How XLM funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to XLM

Markets also quoted on both GMTrade and MEXC — the same two exchanges you would already have funded for the XLM trade.

See every spread between them on the GMTrade vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this