Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.093%

Price spread now: BingX against Coinbase International+0.099%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.099%, 7d avg −0.082%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.181% dearer against Coinbase International than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of −0.082%): +$18 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.227% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XLM-PERP-INTX	0.2127	0.0376	pay 0.0047% / 1h	42m 20s	$220K	$1.6M	50x
Short	BingX XLM-USDC	0.2129	0.0100	get 0.0100% / 8h	42m 20s	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BingXbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$57.96
Price spread: +0.099% → −0.082%: $18.08
Slippage, 4 orders: −$37.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.02
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; BingX: live order book, 10 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, 1 min ago	5.17 bp	12.2 bp −$12	16.9 bp −$169	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	1.18 bp	16.1 bp −$16	122.3 bp −$1,223	1179.2 bp −$117.9K	1387.6 bp −$693.8K

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	0.2128	+0.078%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.085%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2130	+0.169%	$367K	$941K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2128	+0.053%	$565K	$595K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2129	+0.125%	$54.6M	$162.1M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2128	+0.056%	$43.2M	$47.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2129	+0.099%	$12.2M	$44.8M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2129	+0.085%	$4.0M	$7.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2129	+0.118%	$24.3M	$28.9M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2127	+0.033%	$14.1M	$9.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2129	+0.099%	$25.6M	$22.7M	75x	as long as short
BingX XLM-USDCshort	+0.0100%	8h	0.2129	+0.099%	—	$6.7M	—
Variational Omni XLM	+0.0100%	8h	0.2129	+0.107%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2131	+0.197%	$12K	$309K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2128	+0.061%	$588K	$597K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2127	+0.019%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2128	+0.056%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2131	+0.193%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2129	+0.103%	$580	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2127	+0.014%	$196K	$249K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2125	−0.061%	$8.7M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2129	+0.091%	$190K	$1.4M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2126	−0.038%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0264%	1h	0.2130	+0.160%	$4K	$50K	5x	as long as short
Backpack XLM_USDC_PERP	+0.0331%	1h	0.2125	−0.075%	$130K	$347K	20x	as long as short
dYdX XLM-USD	+0.0363%	1h	0.2127	−0.011%	$23K	$2K	10x	as long as short
Coinbase International XLM-PERP-INTXlong	+0.0376%	1h	0.2127	long leg	$220K	$1.6M	50x
GMX XLM/USD [WBTC.b-USDC]	L +0.0519% / S −0.0247%	1h	0.2128	+0.073%	$39K	—	100x	as long as short
Kraken Futures PF_XLMUSD	+0.0547%	1h	0.2130	+0.135%	$2.6M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0613%	1h	0.2132	+0.221%	$12.2M	$6.5M	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0924%	1h	0.2131	+0.202%	$528K	$172K	25x	as long as short