Funding you earn now, next payment 23:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.096%
Price spread now: Coinbase International against Bitget+0.112%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$430.435% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.112%, 7d avg +0.086%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.025% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.086%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.197% in total (about 10.3% 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 | Bitget XLMUSDT | 0.2151 | 0.0100 | pay 0.0100% / 8h | 4m 56s | $25.5M | $19.3M | 75x |
| Short | Coinbase International XLM-PERP-INTX | 0.2153 | 0.0448 | get 0.0056% / 1h | 4m 56s | $229K | $1.5M | 50x |
Bitget XLMUSDT
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- $73.08
- Price spread: +0.112% → +0.086%
- $2.54
- Slippage, 4 orders
- −$21.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $32.14
- Costs to cover
- 0.435%
- Break-even
- 3.9 days
Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 4 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 Bitget live order book, 4 min ago | 0.23 bp | 7.2 bp −$7 | 15.7 bp −$157 | 37.1 bp −$3,709 | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 2.55 bp | 14.1 bp −$14 | 19.4 bp −$194 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2157 | +0.284% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2147 | −0.171% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0096% | 1h | 0.2146 | −0.229% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2152 | +0.068% | $577K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2152 | +0.042% | $55.6M | $151.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2151 | −0.009% | $43.6M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2151 | 0.000% | $13.0M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2150 | −0.028% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2151 | −0.005% | $24.9M | $26.5M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2149 | −0.112% | $14.3M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
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 XLMUSDTlong | +0.0100% | 8h | 0.2151 | long leg | $25.5M | $19.3M | 75x | |
| BingX XLM-USDC | +0.0100% | 8h | 0.2151 | −0.009% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2149 | −0.112% | $89K | $271K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2145 | −0.265% | $267K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2148 | −0.114% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2153 | +0.101% | $596K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2146 | −0.232% | $172K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2148 | −0.135% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2151 | −0.005% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2148 | −0.135% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2147 | −0.167% | $198K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2149 | −0.079% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2151 | +0.006% | $192K | $1.6M | 10x | as long as short |
| Lighter XLM | +0.0184% | 1h | 0.2152 | +0.037% | $396K | $836K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2148 | −0.126% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2149 | −0.093% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0315% / S −0.0167% | 1h | 0.2147 | −0.187% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0327% | 1h | 0.2150 | −0.042% | $12.3M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0415% | 1h | 0.2149 | −0.102% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0448% | 1h | 0.2153 | +0.112% | $229K | $1.5M | 50x | |
| Deribit XLM_USDC-PERPETUAL | +0.0821% | 1h | 0.2150 | −0.051% | $534K | $161K | 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
Lighter XLM
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL