Funding you earn now, next payment 00:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.096%
Price spread now: Coinbase International against Bybit+0.079%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 7 days+0.219%+$22 on $10k
+Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.079%, 7d avg +0.104%
=Funding pays, the price is against you. Coinbase International is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread +0.079% now, against its 7-day average of +0.104%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.219% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.219% in total (about 11.4% 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 | Bybit XLMUSDT | 0.2159 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $43.9M | $44.1M | 75x |
| Short | Coinbase International XLM-PERP-INTX | 0.2161 | 0.0448 | get 0.0056% / 1h | 57m 36s | $230K | $1.5M | 50x |
Bybit XLMUSDT
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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: +0.079% → +0.104%
- −$2.57
- Slippage, 4 orders
- −$30.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $19.47
- Costs to cover
- 0.510%
- Break-even
- 5.1 days
Slippage from Bybit: live order book, 1 min ago; Coinbase International: live order book, 1 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 Bybit live order book, 1 min ago | 2.32 bp | 12.4 bp −$12 | 15.7 bp −$157 | 56.0 bp −$5,601 | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 4.86 bp | 16.9 bp −$17 | 23.2 bp −$232 | 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 | −0.102% | $736 | $241K | 12x | as long as short |
| dYdX XLM-USD | 0.0000% | 1h | 0.2159 | −0.030% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2159 | −0.026% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2163 | +0.155% | $580K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2160 | +0.056% | $55.7M | $151.1M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2159 | long leg | $43.9M | $44.1M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2159 | −0.009% | $13.0M | $41.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2159 | −0.019% | $4.1M | $6.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2160 | +0.042% | $24.9M | $26.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2159 | −0.014% | $14.4M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance 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 | 0.2159 | 0.000% | $25.6M | $19.4M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2159 | −0.009% | — | $7.1M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2153 | −0.277% | $268K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2157 | −0.123% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2156 | −0.134% | $597K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2155 | −0.204% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2160 | +0.037% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2161 | +0.097% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2160 | +0.023% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2158 | −0.056% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2160 | +0.051% | $9.0M | $9.1M | 50x | as long as short |
| Lighter XLM | +0.0104% | 1h | 0.2162 | +0.125% | $399K | $833K | 5x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2159 | +0.004% | $193K | $1.6M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2160 | +0.034% | $2.6M | $2.6M | 50x | as long as short |
| Backpack XLM_USDC_PERP | +0.0218% | 1h | 0.2160 | +0.060% | $89K | $269K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2157 | −0.120% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2156 | −0.130% | $5K | $42K | 5x | as long as short |
| Hyperliquid XLM | +0.0241% | 1h | 0.2161 | +0.088% | $12.3M | $6.2M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2159 | −0.021% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0448% | 1h | 0.2161 | +0.079% | $230K | $1.5M | 50x | |
| Deribit XLM_USDC-PERPETUAL | +0.0862% | 1h | 0.2161 | +0.102% | $536K | $161K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Lighter XLM
Extended XLM-USD
Kraken Futures PF_XLMUSD
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL