Funding you earn now, next payment 00:00 UTC+0.0352%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h −0.014%
Price spread now: Coinbase International against Lighter−0.023%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$690.693% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 3 days (all we have)−0.130%−$13 · spread now −0.023%, 7d avg −0.026%
=Together, before fees−0.076%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.054% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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 | Lighter XLM | 0.2167 | 0.0096 | pay 0.0012% / 1h | 7m 57s | $399K | $838K | 5x |
| Short | Coinbase International XLM-PERP-INTX | 0.2166 | 0.0448 | get 0.0056% / 1h | 7m 57s | $233K | $1.5M | 50x |
Lighter XLM
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- $73.92
- Price spread: −0.023% → −0.026%
- $0.26
- Slippage, 4 orders
- −$59.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $4.88
- Costs to cover
- 0.693%
- Break-even
- 6.5 days
Slippage from Lighter: live order book, 62 min ago; Coinbase International: live order book, 6 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 Lighter live order book, 62 min ago | 5.81 bp | 26.3 bp −$26 | 61.7 bp −$617 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 2.30 bp | 13.1 bp −$13 | 17.3 bp −$173 | 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 | 0.2157 | −0.443% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2163 | −0.187% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0061% | 1h | 0.2162 | −0.209% | $23K | $2K | 10x | as long as short |
| Lighter XLMlong | +0.0096% | 1h | 0.2167 | long leg | $399K | $838K | 5x | |
| Binance XLMUSDT | +0.0100% | 8h | 0.2164 | −0.129% | $55.8M | $150.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2164 | −0.138% | $44.5M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2163 | −0.175% | $13.1M | $41.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2164 | −0.134% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2164 | −0.115% | $25.1M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2164 | −0.138% | $14.4M | $10.1M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
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 | 0.2164 | −0.120% | $25.9M | $19.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2163 | −0.143% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2163 | −0.148% | $88K | $260K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2167 | +0.025% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2168 | +0.052% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2169 | +0.118% | $611K | $590K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2168 | +0.060% | $174K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2164 | −0.120% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2160 | −0.314% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2164 | −0.102% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2163 | −0.166% | $199K | $257K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2164 | −0.106% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2163 | −0.155% | $197K | $1.7M | 10x | as long as short |
| Aster XLMUSDT | +0.0154% | 8h | 0.2165 | −0.055% | $581K | $619K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2165 | −0.070% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2167 | +0.037% | $2.3M | $5.3M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2171 | +0.185% | $5K | $42K | 5x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0448% | 1h | 0.2166 | −0.023% | $233K | $1.5M | 50x | |
| Hyperliquid XLM | +0.0530% | 1h | 0.2166 | −0.014% | $12.6M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0618% / S −0.1253% | 1h | 0.2163 | −0.167% | $174K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0675% | 1h | 0.2165 | −0.065% | $537K | $150K | 25x | as long as short |
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
Extended XLM-USD
Aster XLMUSDT
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL