Funding you earn now, next payment 10:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.028%
Price spread now: Coinbase International against Lighter+0.052%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$790.786% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)−0.302%−$30 · spread now +0.052%, 7d avg −0.026%
=Together, before fees−0.197%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.078% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.026%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XLM | 0.2120 | 0.0096 | pay 0.0012% / 1h | 46m 28s | $371K | $803K | 5x |
| Short | Coinbase International XLM-PERP-INTX | 0.2121 | 0.0328 | get 0.0041% / 1h | 46m 28s | $211K | $1.3M | 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
- $48.72
- Price spread: +0.052% → −0.026%
- $7.77
- Slippage, 4 orders
- −$68.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$22.15
- Costs to cover
- 0.786%
- Break-even
- 10.2 days
Slippage from Lighter: live order book, 61 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 Lighter live order book, 61 min ago | 5.66 bp | 15.6 bp −$16 | 55.9 bp −$559 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 5.66 bp | 12.4 bp −$12 | 18.1 bp −$181 | doesn't fit | doesn't fit |
XLM on 31 exchanges
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 | 0.2117 | −0.156% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.245% | $683 | $241K | 12x | as long as short |
| Lighter XLMlong | +0.0096% | 1h | 0.2120 | long leg | $371K | $803K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2119 | −0.057% | $562K | $453K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2118 | −0.102% | $54.7M | $145.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2117 | −0.142% | $44.0M | $41.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2117 | −0.137% | $12.2M | $42.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2117 | −0.151% | $4.0M | $6.6M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2118 | −0.090% | $24.5M | $27.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2118 | −0.094% | $13.8M | $8.6M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2117 | −0.137% | $26.1M | $21.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2117 | −0.132% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2118 | −0.071% | $120K | $302K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2118 | −0.087% | $253K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2119 | −0.023% | $12K | $310K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2119 | −0.019% | $592K | $530K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2119 | −0.028% | $170K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2116 | −0.179% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.028% | $1K | $1.4M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2117 | −0.137% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.042% | $191K | $244K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2117 | −0.109% | $8.6M | $8.5M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2117 | −0.144% | $189K | $612K | 10x | as long as short |
| Phoenix XLM | +0.0150% | 1h | 0.2120 | +0.033% | $4K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2118 | −0.071% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0256% | 1h | 0.2117 | −0.148% | $2.6M | $2.5M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0328% | 1h | 0.2121 | +0.052% | $211K | $1.3M | 50x | |
| Hyperliquid XLM | +0.0409% | 1h | 0.2120 | −0.009% | $12.5M | $5.6M | 5x | as long as short |
| dYdX XLM-USD | +0.0494% | 1h | 0.2119 | −0.021% | $27K | $5K | 10x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0506% | 1h | 0.2119 | −0.061% | $525K | $103K | 25x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0512% / S −0.0245% | 1h | 0.2116 | −0.185% | $39K | — | 100x | as long as short |
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
Phemex XLMUSDT
Extended XLM-USD
Phoenix XLM
BloFin XLM-USDT
Kraken Futures PF_XLMUSD
Hyperliquid XLM
dYdX XLM-USD
Deribit XLM_USDC-PERPETUAL
GMX XLM/USD [WBTC.b-USDC]