Funding you earn now, next payment 07:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.093%
Price spread now: Coinbase International against Bybit+0.180%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days+0.261%+$26 on $10k
+Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.180%, 7d avg +0.108%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.071% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XLMUSDT | 0.2114 | 0.0100 | pay 0.0100% / 8h | 37m 16s | $42.9M | $46.6M | 75x |
| Short | Coinbase International XLM-PERP-INTX | 0.2118 | 0.0376 | get 0.0047% / 1h | 37m 16s | $219K | $1.6M | 50x |
Bybit XLMUSDT
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- $57.96
- Price spread: +0.180% → +0.108%
- $7.15
- Slippage, 4 orders
- −$24.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $19.23
- Costs to cover
- 0.459%
- Break-even
- 4.7 days
Slippage from Bybit: live order book, 2 min ago; Coinbase International: live order book, 1 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 Bybit live order book, 2 min ago | 2.36 bp | 12.6 bp −$13 | 18.5 bp −$185 | 81.8 bp −$8,182 | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 3.54 bp | 12.8 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 | 0.2118 | +0.178% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.520% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2116 | +0.095% | $365K | $941K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2116 | +0.116% | $562K | $595K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2115 | +0.028% | $54.3M | $160.6M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2114 | long leg | $42.9M | $46.6M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2115 | +0.038% | $12.1M | $44.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2115 | +0.052% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2116 | +0.085% | $24.2M | $28.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2116 | +0.090% | $14.0M | $9.3M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2114 | +0.014% | $25.4M | $22.6M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2115 | +0.047% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2127 | +0.619% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2122 | +0.379% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2122 | +0.390% | $586K | $577K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2127 | +0.629% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2115 | +0.047% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2118 | +0.175% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2115 | +0.033% | $576 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2116 | +0.095% | $195K | $230K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2115 | +0.071% | $8.7M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2115 | +0.035% | $190K | $1.4M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2115 | +0.038% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2122 | +0.374% | $4K | $50K | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0276% | 1h | 0.2118 | +0.170% | $129K | $346K | 20x | as long as short |
| dYdX XLM-USD | +0.0336% | 1h | 0.2115 | +0.070% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0376% | 1h | 0.2118 | +0.180% | $219K | $1.6M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2114 | +0.001% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0551% | 1h | 0.2115 | +0.024% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0578% | 1h | 0.2118 | +0.194% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0743% | 1h | 0.2117 | +0.118% | $525K | $172K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
BloFin XLM-USDT
Phoenix XLM
Backpack XLM_USDC_PERP
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL