Funding you earn now, next payment 01:00 UTC+0.0336%/8h= +36.8% APRnext payment +$0.42 per $10,000 · paid last 24h +0.094%
Price spread now: Coinbase International against Extended+0.077%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.077%, 7d avg +0.108%
=Together, before fees+0.097%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.031% cheaper against Extended than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.108%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.138% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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 | Extended XLM-USD | 0.2124 | 0.0104 | pay 0.0013% / 1h | 18m 24s | $192K | $1.8M | 10x |
| Short | Coinbase International XLM-PERP-INTX | 0.2126 | 0.0440 | get 0.0055% / 1h | 18m 24s | $232K | $1.5M | 50x |
Extended XLM-USD
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $70.56
- Price spread: +0.077% → +0.108%
- −$3.09
- Slippage, 4 orders
- −$28.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $24.33
- Costs to cover
- 0.431%
- Break-even
- 4.6 days
Slippage from Extended: 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 Extended live order book, 5 min ago | 3.99 bp | 9.0 bp −$9 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 4.45 bp | 14.4 bp −$14 | 19.6 bp −$196 | doesn't fit | doesn't fit |
XLM on 30 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 | 0.2126 | +0.073% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.030% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2130 | +0.279% | $360K | $906K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2128 | +0.170% | $54.0M | $155.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2126 | +0.077% | $42.9M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2127 | +0.100% | $12.7M | $41.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2125 | +0.020% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2127 | +0.100% | $23.8M | $27.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2124 | −0.008% | $14.1M | $10.0M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2126 | +0.096% | $25.4M | $20.7M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2127 | +0.105% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2127 | +0.138% | $89K | $262K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2128 | +0.176% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2130 | +0.281% | $12K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2134 | +0.468% | $597K | $611K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2129 | +0.218% | $171K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2126 | +0.077% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2122 | −0.097% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2127 | +0.138% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2125 | +0.053% | $196K | $262K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | +0.115% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USDlong | +0.0104% | 1h | 0.2124 | long leg | $192K | $1.8M | 10x | |
| dYdX XLM-USD | +0.0121% | 1h | 0.2128 | +0.161% | $23K | $2K | 10x | as long as short |
| Aster XLMUSDT | +0.0125% | 8h | 0.2125 | +0.021% | $568K | $622K | 75x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2135 | +0.486% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0282% | 1h | 0.2128 | +0.152% | $12.3M | $6.3M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0380% | 1h | 0.2127 | +0.120% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0440% | 1h | 0.2126 | +0.077% | $232K | $1.5M | 50x | |
| Deribit XLM_USDC-PERPETUAL | +0.0503% | 1h | 0.2128 | +0.152% | $528K | $149K | 25x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2126 | +0.070% | $44K | — | 100x | as long as short |
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
Phemex XLMUSDT
dYdX XLM-USD
Aster XLMUSDT
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL
GMX XLM/USD [WBTC.b-USDC]