Funding you earn now, next payment 02:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.095%
Price spread now: Binance against Coinbase International−0.392%53s7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.205%−$21 on $10k
+Price spread, last 4 days (all we have)+0.457%+$46 · spread now −0.392%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Binance is 0.325% cheaper against Coinbase International than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.067%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.205% in total (about -10.7% 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 | Coinbase International XLM-PERP-INTX | 0.2139 | 0.0464 | pay 0.0058% / 1h | 6m 26s | $234K | $1.5M | 50x |
| Short | Binance XLMUSDT | 0.2131 | 0.0100 | get 0.0100% / 8h | 5h 06m | $54.5M | $154.6M | 75x |
Coinbase International XLM-PERP-INTX
Binance XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- −$76.44
- Price spread: −0.392% → −0.067%
- −$32.52
- Slippage, 4 orders
- −$22.33
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$151.29
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Binance: live order book, 7 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 Coinbase International live order book, 2 min ago | 5.15 bp | 12.6 bp −$13 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.23 bp | 7.4 bp −$7 | 10.7 bp −$107 | 28.4 bp −$2,840 | 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 | 0.2130 | −0.429% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2135 | −0.196% | $373K | $923K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2132 | −0.334% | $568K | $624K | 75x | as long as short |
| Binance XLMUSDTshort | +0.0100% | 8h | 0.2131 | −0.392% | $54.5M | $154.6M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2130 | −0.425% | $43.0M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2130 | −0.416% | $12.5M | $42.1M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2132 | −0.346% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2130 | −0.411% | $24.0M | $27.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2131 | −0.388% | $14.0M | $9.8M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2130 | −0.421% | $25.6M | $21.1M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Aster XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2130 | −0.407% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2133 | −0.299% | $95K | $274K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2140 | +0.046% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2136 | −0.127% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2135 | −0.206% | $595K | $595K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2135 | −0.182% | $171K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2133 | −0.285% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2130 | −0.407% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2132 | −0.309% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2135 | −0.215% | $197K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2133 | −0.290% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2131 | −0.398% | $190K | $1.8M | 10x | as long as short |
| dYdX XLM-USD | +0.0200% | 1h | 0.2132 | −0.351% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2133 | −0.304% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2145 | +0.280% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0318% | 1h | 0.2132 | −0.337% | $12.3M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0461% | 1h | 0.2133 | −0.306% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0464% | 1h | 0.2139 | long leg | $234K | $1.5M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0193% | 1h | 0.2133 | −0.290% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0641% | 1h | 0.2135 | −0.210% | $530K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −0.659% | $683 | $241K | 12x | 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
Extended XLM-USD
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP