Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.051%
Price spread now: Deribit against Coinbase International−0.476%59s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as 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−$370.372% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 3 days (all we have)+0.543%+$54 · spread now −0.476%, 7d avg −0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.466% cheaper against Coinbase International than usual: you would sell low and buy high, −$47 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 59 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 | Coinbase International XLM-PERP-INTX | 0.2162 | 0.0448 | pay 0.0056% / 1h | 48m 24s | $228K | $1.5M | 50x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2151 | 0.0448 | get 0.0056% / 1h | 48m 24s | $534K | $162K | 25x |
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.476% → −0.010%
- −$46.63
- Slippage, 4 orders
- −$20.17
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$83.8
- Costs to cover
- 0.372%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Deribit: live order book, 25 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, 5 min ago | 3.93 bp | 12.1 bp −$12 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 25 min ago | 2.56 bp | 6.1 bp −$6 | 14.9 bp −$149 | 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 | −0.217% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2150 | −0.559% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0049% | 1h | 0.2151 | −0.513% | $23K | $3K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2155 | −0.287% | $398K | $837K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2154 | −0.358% | $577K | $688K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2151 | −0.509% | $55.5M | $151.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2150 | −0.523% | $43.8M | $44.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2150 | −0.546% | $13.0M | $41.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2150 | −0.537% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2151 | −0.504% | $24.8M | $26.1M | 300x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter 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 | 0.2151 | −0.495% | $14.3M | $10.3M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2150 | −0.532% | $25.5M | $19.5M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2150 | −0.527% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2153 | −0.389% | $89K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2158 | −0.164% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2160 | −0.060% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | +0.109% | $599K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2159 | −0.125% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2151 | −0.495% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2150 | −0.537% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2150 | −0.541% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2154 | −0.370% | $199K | $257K | 20x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2150 | −0.549% | $193K | $1.6M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0184% | 1h | 0.2151 | −0.518% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2154 | −0.361% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2162 | +0.037% | $5K | $42K | 5x | as long as short |
| Phemex XLMUSDT | +0.0229% | 8h | 0.2154 | −0.370% | $9.0M | $9.1M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2149 | −0.577% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0336% | 1h | 0.2153 | −0.402% | $12.4M | $6.2M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0448% | 1h | 0.2151 | −0.476% | $534K | $162K | 25x | |
| Coinbase International XLM-PERP-INTXlong | +0.0448% | 1h | 0.2162 | long leg | $228K | $1.5M | 50x |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDT
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
Extended XLM-USD
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Phemex XLMUSDT
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM