Funding you earn now, next payment 03:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.095%
Price spread now: Bybit against Coinbase International−0.337%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days−0.239%−$24 on $10k
+Price spread, last 4 days (all we have)+0.396%+$40 · spread now −0.337%, 7d avg −0.103%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.234% cheaper against Coinbase International than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.103%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.239% in total (about -12.5% 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 | 0.2138 | 0.0480 | pay 0.0060% / 1h | 18m 46s | $237K | $1.5M | 50x |
| Short | Bybit XLMUSDT | 0.2130 | 0.0100 | get 0.0100% / 8h | 4h 18m | $43.0M | $45.6M | 75x |
Coinbase International XLM-PERP-INTX
Bybit XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$79.8
- Price spread: −0.337% → −0.103%
- −$23.36
- Slippage, 4 orders
- −$27
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$151.16
- Costs to cover
- 0.480%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Bybit: 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 Coinbase International live order book, 5 min ago | 3.28 bp | 14.3 bp −$14 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.34 bp | 11.0 bp −$11 | 18.4 bp −$184 | 59.5 bp −$5,952 | 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 | 0.2132 | −0.240% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.589% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2132 | −0.271% | $368K | $967K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2131 | −0.322% | $567K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2130 | −0.356% | $54.5M | $155.0M | 75x | as long as short |
| Bybit XLMUSDTshort | +0.0100% | 8h | 0.2130 | −0.337% | $43.0M | $45.6M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2129 | −0.384% | $12.5M | $42.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2130 | −0.356% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2130 | −0.342% | $23.6M | $27.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2131 | −0.318% | $14.1M | $9.6M | 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 | 0.2129 | −0.388% | $25.7M | $21.4M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2130 | −0.370% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2133 | −0.234% | $128K | $291K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2134 | −0.163% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2136 | −0.061% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2136 | −0.066% | $591K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2135 | −0.136% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2133 | −0.215% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2131 | −0.304% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2132 | −0.248% | $581 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2133 | −0.225% | $197K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2132 | −0.257% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2130 | −0.370% | $190K | $1.8M | 10x | as long as short |
| Hyperliquid XLM | +0.0175% | 1h | 0.2132 | −0.263% | $12.3M | $6.2M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2133 | −0.220% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2137 | −0.037% | $5K | $46K | 5x | as long as short |
| dYdX XLM-USD | +0.0226% | 1h | 0.2132 | −0.283% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0264% | 1h | 0.2133 | −0.225% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0480% | 1h | 0.2138 | long leg | $237K | $1.5M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0519% / S −0.0247% | 1h | 0.2132 | −0.278% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0923% | 1h | 0.2135 | −0.140% | $530K | $153K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
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
Hyperliquid XLM
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL