Funding you earn now, next payment 03:00 UTC+0.0376%/8h= +41.2% APRnext payment +$0.47 per $10,000 · paid last 24h +0.094%
Price spread now: Coinbase International against Extended−0.078%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$420.415% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.078%, 7d avg +0.110%
=Together, before fees+0.155%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.188% cheaper against Extended than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.110%). If the spread goes back, that is −$19 on $10k: about 40 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.149% in total) that is about 8.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 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 | Extended XLM-USD | 0.2121 | 0.0104 | pay 0.0013% / 1h | 45m 37s | $189K | $1.8M | 10x |
| Short | Coinbase International XLM-PERP-INTX | 0.2120 | 0.0480 | get 0.0060% / 1h | 45m 37s | $233K | $1.5M | 50x |
Extended XLM-USD
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $78.96
- Price spread: −0.078% → +0.110%
- −$18.79
- Slippage, 4 orders
- −$26.53
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $18.64
- Costs to cover
- 0.415%
- Break-even
- 5.3 days
Slippage from Extended: live order book, 3 min ago; Coinbase International: 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 Extended live order book, 3 min ago | 2.83 bp | 7.7 bp −$8 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 4.01 bp | 13.6 bp −$14 | 17.7 bp −$177 | 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 | 0.2119 | −0.108% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.171% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2123 | +0.087% | $371K | $961K | 5x | as long as short |
| Hyperliquid XLM | +0.0100% | 1h | 0.2122 | +0.039% | $12.2M | $6.2M | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2121 | −0.010% | $564K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2123 | +0.059% | $54.2M | $154.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2121 | −0.003% | $42.9M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2122 | +0.011% | $12.4M | $42.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2121 | +0.002% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2122 | +0.025% | $23.7M | $26.7M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Hyperliquid XLM
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2121 | −0.036% | $14.0M | $9.7M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2121 | −0.017% | $25.5M | $21.2M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2121 | −0.003% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2122 | +0.030% | $95K | $274K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2120 | −0.059% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2119 | −0.097% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2120 | −0.075% | $591K | $595K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2118 | −0.159% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2122 | +0.030% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.126% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2123 | +0.058% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2120 | −0.069% | $196K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2123 | +0.063% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USDlong | +0.0104% | 1h | 0.2121 | long leg | $189K | $1.8M | 10x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2118 | −0.154% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2121 | −0.022% | $5K | $46K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0266% | 1h | 0.2122 | +0.053% | $2.6M | $2.6M | 50x | as long as short |
| dYdX XLM-USD | +0.0288% | 1h | 0.2121 | −0.031% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0480% | 1h | 0.2120 | −0.078% | $233K | $1.5M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2119 | −0.112% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1023% | 1h | 0.2124 | +0.105% | $527K | $153K | 25x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
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
BloFin XLM-USDT
Phoenix XLM
Kraken Futures PF_XLMUSD
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL