Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.094%

Price spread now: Gate against Coinbase International+0.185%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.185%, 7d avg −0.077%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.262% dearer against Coinbase International than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of −0.077%): +$26 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.262% in total) that is about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XLM-PERP-INTX	0.2104	0.0456	pay 0.0057% / 1h	21m 33s	$224K	$1.6M	50x
Short	Gate XLM_USDT	0.2108	0.0100	get 0.0100% / 8h	2h 21m	$3.9M	$7.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.185%Rate

Funding earned: −$74.76
Price spread: +0.185% → −0.077%: $26.23
Slippage, 4 orders: −$37.83
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$111.35
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	4.76 bp	10.9 bp −$11	18.0 bp −$180	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.00 bp	18.2 bp −$18	35.3 bp −$353	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
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2104	+0.032%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+1.008%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2110	+0.318%	$354K	$992K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2107	+0.160%	$558K	$630K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2110	+0.304%	$54.0M	$161.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2108	+0.200%	$42.5M	$47.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2109	+0.261%	$12.2M	$44.0M	50x	as long as short
Gate XLM_USDTshort	+0.0100%	8h	0.2108	+0.185%	$3.9M	$7.6M	75x
MEXC XLM_USDT	+0.0100%	8h	0.2109	+0.228%	$24.4M	$28.4M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2108	+0.209%	$13.8M	$9.4M	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	0.2108	+0.219%	$25.3M	$22.8M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2108	+0.209%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2108	+0.219%	$130K	$314K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2097	−0.316%	$250K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2100	−0.163%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2103	−0.049%	$583K	$615K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2099	−0.247%	$168K	$265K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2106	+0.105%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2103	−0.024%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2107	+0.147%	$574	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2104	+0.010%	$194K	$251K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2107	+0.138%	$8.8M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2109	+0.233%	$188K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0143%	1h	0.2107	+0.153%	$2.5M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0155%	1h	0.2110	+0.295%	$12.0M	$6.5M	5x	as long as short
dYdX XLM-USD	+0.0197%	1h	0.2107	+0.134%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2100	−0.200%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2097	−0.333%	$4K	$49K	5x	as long as short
Coinbase International XLM-PERP-INTXlong	+0.0456%	1h	0.2104	long leg	$224K	$1.6M	50x
GMX XLM/USD [WBTC.b-USDC]	L +0.0516% / S −0.0228%	1h	0.2104	+0.017%	$40K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.1127%	1h	0.2108	+0.209%	$523K	$163K	25x	as long as short