Funding you earn now, next payment 00:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.096%
Price spread now: Bitget against Coinbase International+0.055%47s7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as 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−$480.483% of the position
Funding, last 7 days−0.201%−$20 on $10k
+Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.055%, 7d avg −0.087%
=The price spread pays, funding is against you. Bitget is 0.142% dearer against Coinbase International than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.087%): +$14 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.201% in total) that is about 4.9 days. The two prices were read 47 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 -0.201% in total (about -10.5% 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 | 0.2167 | 0.0448 | pay 0.0056% / 1h | 15m 27s | $233K | $1.5M | 50x |
| Short | Bitget XLMUSDT | 0.2169 | 0.0100 | get 0.0100% / 8h | 7h 15m | $25.9M | $19.6M | 75x |
Coinbase International XLM-PERP-INTX
Bitget XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$73.08
- Price spread: +0.055% → −0.087%
- $14.23
- Slippage, 4 orders
- −$26.25
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$107.11
- Costs to cover
- 0.483%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago | 5.55 bp | 14.7 bp −$15 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.46 bp | 8.5 bp −$9 | 15.8 bp −$158 | 44.8 bp −$4,482 | 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 | −0.484% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2165 | −0.136% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0047% | 1h | 0.2168 | +0.003% | $24K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2170 | +0.115% | $399K | $838K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2169 | +0.081% | $55.9M | $150.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2168 | +0.042% | $44.3M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2168 | +0.046% | $13.2M | $41.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2168 | +0.018% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2169 | +0.074% | $25.2M | $26.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2167 | −0.014% | $14.4M | $10.1M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
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 XLMUSDTshort | +0.0100% | 8h | 0.2169 | +0.055% | $25.9M | $19.6M | 75x | |
| BingX XLM-USDC | +0.0100% | 8h | 0.2169 | +0.078% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2168 | +0.014% | $89K | $260K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2165 | −0.108% | $284K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2163 | −0.219% | $12K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2165 | −0.097% | $610K | $590K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2164 | −0.175% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2167 | −0.023% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2163 | −0.189% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2168 | +0.018% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2165 | −0.111% | $200K | $257K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2167 | −0.014% | $9.1M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2169 | +0.067% | $193K | $1.7M | 10x | as long as short |
| Aster XLMUSDT | +0.0152% | 8h | 0.2167 | −0.019% | $581K | $660K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0182% | 1h | 0.2168 | +0.034% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2163 | −0.189% | $2.3M | $5.3M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2162 | −0.231% | $5K | $42K | 5x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0448% | 1h | 0.2167 | long leg | $233K | $1.5M | 50x | |
| Hyperliquid XLM | +0.0524% | 1h | 0.2171 | +0.180% | $12.6M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0608% / S −0.1190% | 1h | 0.2164 | −0.140% | $174K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0766% | 1h | 0.2168 | +0.023% | $538K | $150K | 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
Aster XLMUSDT
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL