Funding you earn now, next payment 23:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.096%
Price spread now: KuCoin against Coinbase International+0.005%7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$580.575% of the position
Funding, last 7 days−0.206%−$21 on $10k
+Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.005%, 7d avg −0.068%
=The price spread pays, funding is against you. KuCoin is 0.073% dearer against Coinbase International than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.068%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.206% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.206% in total (about -10.8% 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 | 0.2156 | 0.0448 | pay 0.0056% / 1h | 21m 52s | $231K | $1.5M | 50x |
| Short | KuCoin XLMUSDTM | 0.2156 | 0.0100 | get 0.0100% / 8h | 21m 52s | $14.5M | $10.4M | 75x |
Coinbase International XLM-PERP-INTX
KuCoin XLMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.005% → −0.068%
- $7.27
- Slippage, 4 orders
- −$35.55
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$123.36
- Costs to cover
- 0.575%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; KuCoin: 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 | 3.48 bp | 11.8 bp −$12 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 1.39 bp | 15.8 bp −$16 | 41.9 bp −$419 | 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 | 0.2158 | +0.097% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2157 | +0.037% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0098% | 1h | 0.2155 | −0.065% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2159 | +0.137% | $579K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2156 | +0.009% | $55.6M | $150.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2156 | −0.014% | $43.8M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2155 | −0.051% | $13.0M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2156 | +0.009% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2157 | +0.042% | $25.1M | $26.3M | 300x | as long as short |
| KuCoin XLMUSDTMshort | +0.0100% | 8h | 0.2156 | +0.005% | $14.5M | $10.4M | 75x |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2155 | −0.046% | $25.6M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2156 | +0.009% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2157 | +0.046% | $90K | $270K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2156 | +0.016% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2154 | −0.067% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2160 | +0.178% | $597K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2154 | −0.083% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2157 | +0.051% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2157 | +0.032% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2157 | +0.028% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2159 | +0.130% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2157 | +0.046% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2156 | −0.015% | $193K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2156 | +0.019% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2161 | +0.218% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2157 | +0.057% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0411% | 1h | 0.2157 | +0.028% | $12.3M | $6.1M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0413% | 1h | 0.2156 | +0.024% | $2.6M | $2.6M | 50x | as long as short |
| Lighter XLM | +0.0440% | 1h | 0.2158 | +0.102% | $404K | $827K | 5x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0448% | 1h | 0.2156 | long leg | $231K | $1.5M | 50x | |
| Deribit XLM_USDC-PERPETUAL | +0.0677% | 1h | 0.2159 | +0.130% | $536K | $159K | 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
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Lighter XLM
Deribit XLM_USDC-PERPETUAL