Funding you earn now, next payment 21:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.095%
Price spread now: Coinbase International against Binance−0.744%7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 3 days (all we have)+0.680%+$68 · spread now −0.744%, 7d avg +0.068%
=Funding pays, the price is against you. Coinbase International is 0.812% cheaper against Binance than usual: you would sell low and buy high (spread −0.744% now, against its 7-day average of +0.068%). If the spread goes back, that is −$81 on $10k: about 8.8 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.183% in total) that is about 31 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.5% 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 | Binance XLMUSDT | 0.2143 | 0.0100 | pay 0.0100% / 8h | 2h 26m | $55.3M | $144.9M | 75x |
| Short | Coinbase International XLM-PERP-INTX | 0.2127 | 0.0408 | get 0.0051% / 1h | 26m 33s | $228K | $1.5M | 50x |
Binance XLMUSDT
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- $64.68
- Price spread: −0.744% → +0.068%
- −$81.21
- Slippage, 4 orders
- −$21.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$57.69
- Costs to cover
- 0.412%
- Break-even
- 13.2 days
Slippage from Binance: live order book, 2 min ago; Coinbase International: live order book, 2 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 Binance live order book, 2 min ago | 0.23 bp | 7.9 bp −$8 | 12.8 bp −$128 | 32.3 bp −$3,228 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.44 bp | 12.2 bp −$12 | 17.2 bp −$172 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2142 | −0.071% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2139 | −0.218% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2144 | +0.014% | $588K | $793K | 75x | as long as short |
| Binance XLMUSDTlong | +0.0100% | 8h | 0.2143 | long leg | $55.3M | $144.9M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2143 | −0.035% | $43.6M | $41.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2142 | −0.049% | $13.0M | $40.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2143 | −0.030% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2144 | +0.045% | $25.1M | $25.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2142 | −0.058% | $14.3M | $10.3M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2143 | −0.016% | $25.7M | $17.9M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster 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 | 0.2142 | −0.049% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2142 | −0.072% | $102K | $220K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2130 | −0.608% | $206K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2131 | −0.577% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2131 | −0.558% | $598K | $611K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2130 | −0.604% | $171K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2141 | −0.114% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2138 | −0.249% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2140 | −0.137% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2139 | −0.217% | $200K | $267K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2141 | −0.114% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2143 | −0.007% | $192K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2138 | −0.254% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2142 | −0.086% | $2.3M | $6.3M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −0.767% | $476 | $154K | 12x | as long as short |
| Hyperliquid XLM | +0.0250% | 1h | 0.2145 | +0.059% | $12.0M | $5.8M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0312% / S −0.0166% | 1h | 0.2139 | −0.205% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0408% | 1h | 0.2127 | −0.744% | $228K | $1.5M | 50x | |
| Kraken Futures PF_XLMUSD | +0.0551% | 1h | 0.2142 | −0.090% | $2.6M | $2.6M | 50x | as long as short |
| Lighter XLM | +0.0800% | 1h | 0.2148 | +0.213% | $429K | $788K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0825% | 1h | 0.2143 | −0.035% | $532K | $170K | 25x | as long as short |
BingX XLM-USDC
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
Phoenix XLM
BloFin XLM-USDT
Injective XLM/USDC PERP
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Lighter XLM
Deribit XLM_USDC-PERPETUAL