Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.094%

Price spread now: Coinbase International against OKX+0.071%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$470.469% 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+0.317%+$32 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.071%, 7d avg +0.096%

Together, before fees+0.246%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.025% cheaper against OKX than usual: you would sell low and buy high (spread +0.071% now, against its 7-day average of +0.096%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.317% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XLM-USDT-SWAP	0.2116	0.0100	pay 0.0100% / 8h	1h 43m	$12.2M	$44.5M	50x
Short	Coinbase International XLM-PERP-INTX	0.2118	0.0408	get 0.0051% / 1h	43m 44s	$220K	$1.7M	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 +0.071%Rate

Funding earned: $64.68
Price spread: +0.071% → +0.096%: −$2.54
Slippage, 4 orders: −$26.91
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $15.23
Costs to cover: 0.469%
Break-even: 5.4 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	9.4 bp −$9	15.6 bp −$156	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	5.19 bp	13.4 bp −$13	18.9 bp −$189	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	0.2119	+0.107%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.411%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2119	+0.123%	$355K	$931K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2117	+0.012%	$561K	$634K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2117	+0.043%	$54.4M	$163.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2116	−0.033%	$42.8M	$47.7M	75x	as long as short
OKX XLM-USDT-SWAPlong	+0.0100%	8h	0.2116	long leg	$12.2M	$44.5M	50x
Gate XLM_USDT	+0.0100%	8h	0.2116	−0.005%	$3.9M	$7.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2117	+0.038%	$24.9M	$28.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2117	+0.043%	$14.0M	$9.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2116	−0.028%	$25.5M	$23.0M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2116	−0.024%	—	$7.4M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2112	−0.197%	$252K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2117	+0.046%	$12K	$308K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2116	−0.024%	$593K	$615K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2116	−0.009%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2119	+0.128%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2117	+0.047%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2117	+0.052%	$577	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2120	+0.189%	$195K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2118	+0.071%	$8.7M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2116	−0.003%	$188K	$1.7M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0181%	1h	0.2118	+0.095%	$129K	$329K	20x	as long as short
dYdX XLM-USD	+0.0198%	1h	0.2120	+0.178%	$23K	$2K	10x	as long as short
Hyperliquid XLM	+0.0200%	1h	0.2118	+0.076%	$12.1M	$6.6M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2120	+0.161%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0263%	1h	0.2120	+0.189%	$4K	$50K	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0333%	1h	0.2119	+0.110%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTXshort	+0.0408%	1h	0.2118	+0.071%	$220K	$1.7M	50x
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2118	+0.089%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0978%	1h	0.2120	+0.175%	$525K	$168K	25x	as long as short