Funding you earn now, next payment 23:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.096%
Price spread now: BingX against Coinbase International−0.088%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days−0.185%−$19 on $10k
+Price spread, last 3 days (all we have)+0.128%+$13 · spread now −0.088%, 7d avg −0.084%
=The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.185% 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 | Coinbase International XLM-PERP-INTX | 0.2155 | 0.0448 | pay 0.0056% / 1h | 18m 49s | $230K | $1.5M | 50x |
| Short | BingX XLM-USDC | 0.2153 | 0.0100 | get 0.0100% / 8h | 18m 49s | — | $6.7M | — |
Coinbase International XLM-PERP-INTX
BingX XLM-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$73.08
- Price spread: −0.088% → −0.084%
- −$0.38
- Slippage, 4 orders
- −$36.96
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$130.42
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; BingX: 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 Coinbase International live order book, 5 min ago | 3.48 bp | 11.8 bp −$12 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 1.16 bp | 18.0 bp −$18 | 96.0 bp −$960 | 1095.1 bp −$109.5K | 1337.7 bp −$668.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2156 | +0.032% | $1K | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2154 | −0.078% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0091% | 1h | 0.2153 | −0.097% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2156 | +0.048% | $578K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2153 | −0.097% | $55.6M | $151.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2153 | −0.102% | $43.7M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2153 | −0.121% | $13.0M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2153 | −0.111% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2154 | −0.051% | $25.0M | $26.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2153 | −0.088% | $14.5M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit 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 | 0.2153 | −0.111% | $25.6M | $19.3M | 75x | as long as short |
| BingX XLM-USDCshort | +0.0100% | 8h | 0.2153 | −0.088% | — | $6.7M | — | |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2154 | −0.084% | $90K | $270K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2153 | −0.097% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2154 | −0.059% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2155 | +0.005% | $596K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2155 | −0.028% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2154 | −0.060% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2154 | −0.046% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2155 | −0.037% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2155 | −0.005% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2155 | 0.000% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2153 | −0.090% | $193K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2156 | +0.037% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2155 | −0.005% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2153 | −0.096% | $45K | — | 100x | as long as short |
| Lighter XLM | +0.0384% | 1h | 0.2155 | −0.009% | $402K | $828K | 5x | as long as short |
| Hyperliquid XLM | +0.0390% | 1h | 0.2154 | −0.056% | $12.3M | $6.1M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0414% | 1h | 0.2155 | −0.020% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0448% | 1h | 0.2155 | long leg | $230K | $1.5M | 50x | |
| Deribit XLM_USDC-PERPETUAL | +0.0771% | 1h | 0.2156 | +0.032% | $535K | $159K | 25x | as long as short |
Bitget XLMUSDT
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
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Lighter XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL