Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.091%

Price spread now: Coinbase International against Gate−0.061%7-day average +0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.061%, 7d avg +0.085%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.146% cheaper against Gate than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.085%). If the spread goes back, that is −$15 on $10k: about 2.1 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XLM_USDT	0.2123	0.0100	pay 0.0100% / 8h	7h 22m	$4.0M	$7.4M	75x
Short	Coinbase International XLM-PERP-INTX	0.2122	0.0328	get 0.0041% / 1h	22m 36s	$212K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.061%Rate

Funding earned: $47.88
Price spread: −0.061% → +0.085%: −$14.58
Slippage, 4 orders: −$43.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$35.52
Costs to cover: 0.688%
Break-even: 12.2 days

Slippage from Gate: live order book, 1 min ago; Coinbase International: live order book, 1 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 Gate live order book, 1 min ago	4.01 bp	20.5 bp −$21	37.9 bp −$379	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.36 bp	12.9 bp −$13	17.4 bp −$174	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	−0.185%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.075%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2126	+0.118%	$366K	$929K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2124	+0.038%	$563K	$583K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2125	+0.075%	$55.2M	$159.6M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2123	0.000%	$43.9M	$46.3M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2124	+0.014%	$12.2M	$45.6M	50x	as long as short
Gate XLM_USDTlong	+0.0100%	8h	0.2123	long leg	$4.0M	$7.4M	75x
MEXC XLM_USDT	+0.0100%	8h	0.2125	+0.066%	$24.1M	$29.2M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2124	+0.024%	$14.0M	$9.0M	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	0.2124	+0.028%	$25.6M	$23.1M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2124	+0.009%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2122	−0.075%	$130K	$343K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2099	−1.145%	$251K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2106	−0.813%	$12K	$308K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2107	−0.757%	$582K	$556K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2105	−0.885%	$169K	$265K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2120	−0.160%	$3K	$247	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2116	−0.358%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2121	−0.099%	$578	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2120	−0.141%	$195K	$202K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2120	−0.151%	$8.7M	$8.8M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2123	+0.002%	$189K	$819K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2122	−0.047%	$2.3M	$5.4M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2104	−0.890%	$4K	$56K	5x	as long as short
Coinbase International XLM-PERP-INTXshort	+0.0328%	1h	0.2122	−0.061%	$212K	$1.6M	50x
Kraken Futures PF_XLMUSD	+0.0340%	1h	0.2121	−0.103%	$2.6M	$2.6M	50x	as long as short
Hyperliquid XLM	+0.0506%	1h	0.2126	+0.113%	$12.2M	$6.3M	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0516% / S −0.0247%	1h	0.2120	−0.169%	$39K	—	100x	as long as short
dYdX XLM-USD	+0.0945%	1h	0.2123	−0.037%	$27K	$5K	10x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.1118%	1h	0.2123	−0.019%	$526K	$136K	25x	as long as short