XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0263%/8h= −28.8% APRnext payment −$0.33 per $10,000 · paid last 24h −0.095%

Price spread now: Backpack against Coinbase International−0.074%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on Coinbase International Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.074%, 7d avg −0.071%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$8 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 -0.174% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 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	Coinbase International XLM-PERP-INTX	0.2167	0.0432	pay 0.0054% / 1h	14m 38s	$234K	$1.5M	50x
Short	Backpack XLM_USDC_PERP	0.2165	0.0169	get 0.0021% / 1h	14m 38s	$102K	$261K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Coinbase International. 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 Coinbase InternationalbpFee BackpackbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$55.29
Price spread: −0.074% → −0.071%: −$0.24
Slippage, 4 orders: −$25.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$101.09
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Backpack: live order book, 4 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 Coinbase International live order book, 4 min ago	4.39 bp	13.4 bp −$13	18.0 bp −$180	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	0.92 bp	8.5 bp −$8	doesn't fit	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	0.2163	−0.157%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0021%	1h	0.2164	−0.115%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2166	−0.027%	$587K	$805K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2165	−0.092%	$56.2M	$150.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2164	−0.129%	$44.0M	$43.9M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2163	−0.152%	$13.1M	$42.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2164	−0.125%	$4.1M	$6.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2165	−0.069%	$26.3M	$26.5M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2164	−0.120%	$14.6M	$10.5M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2164	−0.111%	$25.8M	$19.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDT	+0.0100%	8h	0.2164	−0.125%	—	$7.0M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2166	−0.017%	$297K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2163	−0.161%	$12K	$301K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2166	−0.047%	$600K	$617K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2163	−0.185%	$173K	$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	0.2162	−0.189%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2164	−0.120%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2165	−0.055%	$200K	$263K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2165	−0.088%	$9.1M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2164	−0.107%	$194K	$1.6M	10x	as long as short
Backpack XLM_USDC_PERPshort	+0.0169%	1h	0.2165	−0.074%	$102K	$261K	20x
BloFin XLM-USDT	+0.0220%	8h	0.2165	−0.065%	$2.3M	$5.7M	75x	as long as short
Phoenix XLM	+0.0221%	1h	0.2168	+0.055%	$5K	$41K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0316% / S −0.0167%	1h	0.2163	−0.162%	$45K	—	100x	as long as short
Lighter XLM	+0.0352%	1h	0.2168	+0.055%	$419K	$813K	5x	as long as short
Hyperliquid XLM	+0.0395%	1h	0.2167	+0.039%	$12.3M	$6.1M	5x	as long as short
Coinbase International XLM-PERP-INTXlong	+0.0432%	1h	0.2167	long leg	$234K	$1.5M	50x
Injective XLM/USDC PERP	+0.0475%	1h	0.2036	−6.028%	$5K	$238K	12x	as long as short
Kraken Futures PF_XLMUSD	+0.0505%	1h	0.2165	−0.064%	$2.6M	$2.7M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0767%	1h	0.2165	−0.092%	$537K	$175K	25x	as long as short