Funding you earn now, next payment 01:00 UTC−0.0311%/8h= −34.1% APRpaid last 24h −0.096%
Price spread now: Aster against Coinbase International−0.045%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.045%, 7d avg −0.012%
=Together, before fees−0.013%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.033% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% 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 | Coinbase International XLM-PERP-INTX | 0.2125 | 0.0440 | pay 0.0055% / 1h | 28m 35s | $232K | $1.5M | 50x |
| Short | Aster XLMUSDT | 0.2124 | 0.0129 | get 0.0129% / 8h | 6h 28m | $568K | $631K | 75x |
Coinbase International XLM-PERP-INTX
Aster XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Coinbase International. 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
- −$65.36
- Price spread: −0.045% → −0.012%
- −$3.26
- Slippage, 4 orders
- −$34.21
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$120.83
- Costs to cover
- 0.522%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Aster: live order book, 39 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 Coinbase International live order book, 5 min ago | 4.95 bp | 12.2 bp −$12 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Aster live order book, 39 min ago | 3.00 bp | 12.0 bp −$12 | 28.2 bp −$282 | doesn't fit | doesn't fit |
XLM on 30 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 | 0.2121 | −0.168% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | 0.000% | $683 | $241K | 12x | as long as short |
| dYdX XLM-USD | +0.0059% | 1h | 0.2123 | −0.085% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2125 | −0.005% | $358K | $900K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2126 | +0.041% | $54.0M | $155.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2125 | 0.000% | $42.8M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2126 | +0.042% | $12.7M | $41.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2124 | −0.033% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2126 | +0.047% | $23.8M | $26.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2124 | −0.042% | $14.1M | $10.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
dYdX XLM-USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2126 | +0.052% | $25.4M | $20.7M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2126 | +0.038% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2123 | −0.094% | $88K | $262K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2123 | −0.086% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | −0.016% | $11K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2122 | −0.153% | $593K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2124 | −0.056% | $170K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2123 | −0.094% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2125 | −0.014% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2122 | −0.151% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2120 | −0.212% | $196K | $262K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2122 | −0.151% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2125 | +0.012% | $191K | $1.8M | 10x | as long as short |
| Aster XLMUSDTshort | +0.0129% | 8h | 0.2124 | −0.045% | $568K | $631K | 75x | |
| Phoenix XLM | +0.0187% | 1h | 0.2127 | +0.094% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0205% | 1h | 0.2126 | +0.056% | $12.2M | $6.4M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0381% | 1h | 0.2121 | −0.169% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0440% | 1h | 0.2125 | long leg | $232K | $1.5M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2122 | −0.157% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0598% | 1h | 0.2123 | −0.075% | $527K | $150K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Hyperliquid XLM
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL