Funding you earn now, next payment 05:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.094%
Price spread now: Coinbase International against BingX−0.019%53s7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.595% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.019%, 7d avg +0.082%
=Funding pays, the price is against you. Coinbase International is 0.101% cheaper against BingX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.082%). If the spread goes back, that is −$10 on $10k: about 23 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.217% in total) that is about 3.3 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.217% in total (about 11.3% 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 | BingX XLM-USDC | 0.2114 | 0.0100 | pay 0.0100% / 8h | 2h 18m | — | $6.7M | — |
| Short | Coinbase International XLM-PERP-INTX | 0.2114 | 0.0456 | get 0.0057% / 1h | 18m 25s | $226K | $1.6M | 50x |
BingX XLM-USDC
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- $74.76
- Price spread: −0.019% → +0.082%
- −$10.1
- Slippage, 4 orders
- −$39.47
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $5.19
- Costs to cover
- 0.595%
- Break-even
- 6.5 days
Slippage from BingX: live order book, 4 min ago; Coinbase International: live order book, 5 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 BingX live order book, 4 min ago | 1.19 bp | 15.2 bp −$15 | 135.4 bp −$1,354 | 905.5 bp −$90.6K | 1110.6 bp −$555.3K |
| Sell Coinbase International live order book, 5 min ago | 4.76 bp | 13.8 bp −$14 | 18.3 bp −$183 | 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 | 0.2114 | −0.040% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.501% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2117 | +0.137% | $355K | $993K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2114 | −0.014% | $560K | $630K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2116 | +0.056% | $54.2M | $161.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2114 | −0.019% | $42.7M | $47.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2115 | +0.033% | $12.2M | $44.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2114 | −0.038% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2115 | +0.043% | $24.3M | $28.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2114 | +0.005% | $13.8M | $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 | 0.2114 | −0.038% | $25.4M | $22.8M | 75x | as long as short |
| BingX XLM-USDClong | +0.0100% | 8h | 0.2114 | long leg | — | $6.7M | — | |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2116 | +0.057% | $131K | $314K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2105 | −0.438% | $251K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2108 | −0.296% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2103 | −0.550% | $583K | $615K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2099 | −0.747% | $168K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2114 | −0.019% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2114 | −0.043% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2115 | +0.033% | $576 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2112 | −0.114% | $195K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2113 | −0.052% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2114 | −0.011% | $189K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0143% | 1h | 0.2115 | +0.025% | $2.5M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0159% | 1h | 0.2116 | +0.080% | $12.0M | $6.6M | 5x | as long as short |
| dYdX XLM-USD | +0.0186% | 1h | 0.2114 | −0.037% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2114 | −0.014% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2109 | −0.241% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0456% | 1h | 0.2114 | −0.019% | $226K | $1.6M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0228% | 1h | 0.2114 | −0.025% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1169% | 1h | 0.2117 | +0.114% | $525K | $163K | 25x | as long as short |
Bitget XLMUSDT
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
Kraken Futures PF_XLMUSD
Hyperliquid XLM
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL