Funding you earn now, next payment 22:00 UTC+0.0432%/8h= +47.3% APRnext payment +$0.54 per $10,000 · paid last 24h −0.041%
Price spread now: Coinbase International against Deribit+0.208%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$430.428% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 3 days (all we have)−0.274%−$27 · spread now +0.208%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.196% dearer against Deribit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.54 per $10,000. 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 | Deribit XLM_USDC-PERPETUAL | 0.2159 | 0 | get 0.0000% / 1h | 31m 17s | $536K | $176K | 25x |
| Short | Coinbase International XLM-PERP-INTX | 0.2163 | 0.0432 | get 0.0054% / 1h | 31m 17s | $233K | $1.5M | 50x |
Deribit XLM_USDC-PERPETUAL
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Deribit. 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
- $90.72
- Price spread: +0.208% → +0.012%
- $19.64
- Slippage, 4 orders
- −$25.82
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $67.55
- Costs to cover
- 0.428%
- Break-even
- 1.8 days
Slippage from Deribit: live order book, 53 min ago; Coinbase International: 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 Deribit live order book, 53 min ago | 4.89 bp | 8.4 bp −$8 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 3.00 bp | 11.4 bp −$11 | 17.2 bp −$172 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit XLM_USDC-PERPETUALlong | 0.0000% | 1h | 0.2159 | long leg | $536K | $176K | 25x | |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2160 | +0.031% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0011% | 1h | 0.2163 | +0.172% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2161 | +0.083% | $588K | $804K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2157 | −0.097% | $56.1M | $150.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2157 | −0.111% | $43.7M | $43.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2157 | −0.083% | $13.1M | $42.1M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2161 | +0.083% | $4.1M | $6.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2160 | +0.069% | $26.0M | $26.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2160 | +0.037% | $14.5M | $10.6M | 75x | as long as short |
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 | 0.2159 | −0.014% | $25.8M | $19.0M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2160 | +0.060% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2176 | +0.799% | $299K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2169 | +0.441% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2170 | +0.495% | $601K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2166 | +0.310% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2158 | −0.046% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2148 | −0.491% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2158 | −0.023% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2162 | +0.148% | $200K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2158 | −0.037% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2158 | −0.047% | $194K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2159 | 0.000% | $2.4M | $6.0M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2175 | +0.727% | $5K | $41K | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0230% | 1h | 0.2161 | +0.111% | $102K | $261K | 20x | as long as short |
| Hyperliquid XLM | +0.0295% | 1h | 0.2163 | +0.176% | $12.3M | $6.1M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2159 | +0.008% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0432% | 1h | 0.2163 | +0.208% | $233K | $1.5M | 50x | |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2033 | −5.836% | $5K | $238K | 12x | as long as short |
| Lighter XLM | +0.0504% | 1h | 0.2160 | +0.056% | $418K | $812K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0506% | 1h | 0.2159 | −0.013% | $2.6M | $2.7M | 50x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
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
Backpack XLM_USDC_PERP
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Injective XLM/USDC PERP
Lighter XLM
Kraken Futures PF_XLMUSD