Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.096%

Price spread now: Coinbase International against Binance+0.118%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.118%, 7d avg +0.068%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.049% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.068%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.187% in total (about 9.7% a year). A funding rate is set anew for every payment. 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	Binance XLMUSDT	0.2157	0.0100	pay 0.0100% / 8h	1h 04m	$56.0M	$151.2M	75x
Short	Coinbase International XLM-PERP-INTX	0.2159	0.0432	get 0.0054% / 1h	4m 30s	$234K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.118%Rate

Funding earned: $69.72
Price spread: +0.118% → +0.068%: $4.91
Slippage, 4 orders: −$20.91
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $33.72
Costs to cover: 0.409%
Break-even: 3.6 days

Slippage from Binance: live order book, 9 min ago; Coinbase International: 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 Binance live order book, 9 min ago	0.23 bp	8.5 bp −$8	13.9 bp −$139	30.0 bp −$2,997	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.87 bp	13.2 bp −$13	18.0 bp −$180	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	0.2154	−0.126%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0022%	1h	0.2155	−0.063%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2157	+0.020%	$585K	$816K	75x	as long as short
Binance XLMUSDTlong	+0.0100%	8h	0.2157	long leg	$56.0M	$151.2M	75x
Bybit XLMUSDT	+0.0100%	8h	0.2156	−0.022%	$44.0M	$44.0M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2156	−0.017%	$13.1M	$42.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2156	−0.026%	$4.1M	$6.3M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2157	+0.020%	$25.9M	$26.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2156	−0.026%	$14.2M	$10.7M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2156	−0.012%	$25.7M	$19.3M	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	0.2155	−0.054%	—	$7.0M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2156	−0.021%	$296K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2153	−0.180%	$12K	$300K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2160	+0.145%	$601K	$625K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2153	−0.188%	$172K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2154	−0.124%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2152	−0.207%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2155	−0.100%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2155	−0.100%	$199K	$263K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2155	−0.077%	$9.1M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2155	−0.060%	$193K	$1.6M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0149%	1h	0.2154	−0.110%	$97K	$272K	20x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2155	−0.077%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0221%	1h	0.2154	−0.105%	$5K	$41K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0316% / S −0.0167%	1h	0.2153	−0.156%	$45K	—	100x	as long as short
Lighter XLM	+0.0352%	1h	0.2160	+0.169%	$418K	$813K	5x	as long as short
Hyperliquid XLM	+0.0414%	1h	0.2159	+0.099%	$12.3M	$6.1M	5x	as long as short
Coinbase International XLM-PERP-INTXshort	+0.0432%	1h	0.2159	+0.118%	$234K	$1.6M	50x
Injective XLM/USDC PERP	+0.0475%	1h	0.2028	−5.966%	$5K	$238K	12x	as long as short
Kraken Futures PF_XLMUSD	+0.0507%	1h	0.2156	−0.053%	$2.6M	$2.7M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0678%	1h	0.2156	−0.026%	$535K	$166K	25x	as long as short