Funding you earn now, next payment 23:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.096%
Price spread now: SunX against Coinbase International−0.161%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1521.521% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 3 days (all we have)+0.297%+$30 · spread now −0.161%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.133% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.138% in total (about -7.2% 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 | 0.2170 | 0.0448 | pay 0.0056% / 1h | 47m 31s | $234K | $1.5M | 50x |
| Short | SunX XLM-USDT | 0.2166 | 0.0100 | get 0.0100% / 8h | 47m 31s | $2K | $1.7M | 20x |
Coinbase International XLM-PERP-INTX
SunX XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: −0.161% → −0.029%
- −$13.26
- Slippage, 4 orders
- −$134.14
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$238.48
- Costs to cover
- 1.521%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; SunX: live order book, 8 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 | 2.77 bp | 13.2 bp −$13 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 29.37 bp | 76.5 bp −$76 | doesn't fit | 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 | 0.2041 | −5.927% | $5K | $238K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2167 | −0.121% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0013% | 1h | 0.2168 | −0.082% | $24K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2171 | +0.060% | $582K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2168 | −0.051% | $56.0M | $150.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2168 | −0.092% | $44.1M | $43.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2167 | −0.120% | $13.2M | $41.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2168 | −0.074% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2167 | −0.115% | $25.8M | $26.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2168 | −0.092% | $14.6M | $10.5M | 75x | as long as short |
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_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2168 | −0.092% | $25.8M | $19.2M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2168 | −0.055% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2169 | −0.028% | $98K | $265K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2175 | +0.259% | $258K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2170 | +0.033% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2171 | +0.046% | $601K | $633K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2175 | +0.249% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2168 | −0.074% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDTshort | +0.0100% | 8h | 0.2166 | −0.161% | $2K | $1.7M | 20x | |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2168 | −0.055% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2169 | −0.032% | $200K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2168 | −0.055% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2168 | −0.089% | $194K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2170 | +0.009% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2169 | −0.014% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2167 | −0.112% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0411% | 1h | 0.2169 | −0.034% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0448% | 1h | 0.2170 | long leg | $234K | $1.5M | 50x | |
| Hyperliquid XLM | +0.0546% | 1h | 0.2170 | +0.028% | $12.3M | $6.1M | 5x | as long as short |
| Lighter XLM | +0.0576% | 1h | 0.2172 | +0.124% | $420K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0719% | 1h | 0.2170 | +0.009% | $538K | $160K | 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
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Lighter XLM
Deribit XLM_USDC-PERPETUAL