Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.095%

Price spread now: Coinbase International against OKX−0.094%55s7-day average +0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.464% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.295%+$29 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.094%, 7d avg +0.097%

Together, before fees+0.357%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.190% cheaper against OKX than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.097%). If the spread goes back, that is −$19 on $10k: about 42 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.295% in total) that is about 4.5 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XLM-USDT-SWAP	0.2132	0.0100	pay 0.0100% / 8h	5h 33m	$12.6M	$41.8M	50x
Short	Coinbase International XLM-PERP-INTX	0.2130	0.0464	get 0.0058% / 1h	33m 22s	$233K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.094%Rate

Funding earned: $76.44
Price spread: −0.094% → +0.097%: −$19.04
Slippage, 4 orders: −$26.41
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $10.99
Costs to cover: 0.464%
Break-even: 6.0 days

Slippage from OKX: live order book, 5 min ago; Coinbase International: live order book, 5 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 OKX live order book, 5 min ago	0.24 bp	9.3 bp −$9	18.8 bp −$188	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	5.42 bp	13.2 bp −$13	18.5 bp −$185	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	0.2131	−0.055%	$4K	—	150x	as long as short
Lighter XLM	+0.0096%	1h	0.2131	−0.023%	$358K	$901K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2133	+0.039%	$54.6M	$153.3M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2131	−0.033%	$43.1M	$45.6M	75x	as long as short
OKX XLM-USDT-SWAPlong	+0.0100%	8h	0.2132	long leg	$12.6M	$41.8M	50x
Gate XLM_USDT	+0.0100%	8h	0.2130	−0.061%	$4.1M	$6.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2132	+0.038%	$23.9M	$26.9M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2130	−0.061%	$14.1M	$9.9M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2135	+0.145%	$25.6M	$20.8M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2131	−0.019%	—	$6.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2127	−0.225%	$93K	$263K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2125	−0.310%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2127	−0.242%	$12K	$304K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2127	−0.212%	$589K	$598K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2127	−0.211%	$170K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2131	−0.033%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2125	−0.328%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2127	−0.244%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2125	−0.319%	$196K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2127	−0.197%	$8.9M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2130	−0.063%	$189K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0104%	8h	0.2130	−0.100%	$566K	$624K	75x	as long as short
dYdX XLM-USD	+0.0219%	1h	0.2129	−0.147%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2127	−0.225%	$2.3M	$4.9M	75x	as long as short
Phoenix XLM	+0.0264%	1h	0.2127	−0.211%	$5K	$46K	5x	as long as short
Hyperliquid XLM	+0.0452%	1h	0.2134	+0.099%	$12.3M	$6.1M	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0462%	1h	0.2127	−0.206%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTXshort	+0.0464%	1h	0.2130	−0.094%	$233K	$1.5M	50x
GMX XLM/USD [WBTC.b-USDC]	L +0.0518% / S −0.0193%	1h	0.2131	−0.045%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0550%	1h	0.2127	−0.220%	$528K	$153K	25x	as long as short
Injective XLM/USDC PERP	+0.1081%	1h	0.2125	−0.314%	$683	$241K	12x	as long as short