Funding you earn now, next payment 00:00 UTC−0.5448%/8h= −596.6% APRnext payment −$6.81 per $10,000 · paid last 24h −0.164%
Price spread now: Injective against Coinbase International−0.365%7-day average −0.244% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 3 days (all we have)+0.407%+$41 · spread now −0.365%, 7d avg −0.244%
=Both sides work against this trade now: funding costs −$163 a day on $10k at the current rate, and Injective is 0.121% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.244%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.324% in total (about -16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.81 per $10,000. 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 | 0.2165 | 0.0448 | pay 0.0056% / 1h | 27m 12s | $229K | $1.5M | 50x |
| Short | Injective XLM/USDC PERP | 0.2157 | −0.5000 | pay 0.0625% / 1h | 27m 12s | $736 | $241K | 12x |
Coinbase International XLM-PERP-INTX
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$1,144.08
- Price spread: −0.365% → −0.244%
- −$12.14
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,166.24
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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, 1 min ago | 4.61 bp | 12.9 bp −$13 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.5000% | 1h | 0.2157 | −0.365% | $736 | $241K | 12x | |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2164 | −0.024% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0041% | 1h | 0.2163 | −0.107% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2167 | +0.115% | $399K | $838K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2164 | −0.028% | $55.9M | $151.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2165 | −0.005% | $44.2M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2165 | −0.005% | $13.2M | $41.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2166 | +0.042% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2166 | +0.065% | $25.1M | $26.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2166 | +0.055% | $14.4M | $10.2M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
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 | 0.2165 | −0.014% | $25.8M | $19.6M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2165 | −0.005% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2165 | +0.023% | $89K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2163 | −0.080% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2164 | −0.038% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2165 | −0.008% | $610K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2164 | −0.042% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2165 | +0.005% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2162 | −0.134% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2165 | +0.005% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2165 | −0.005% | $200K | $256K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2165 | −0.005% | $9.0M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2164 | −0.022% | $194K | $1.7M | 10x | as long as short |
| Aster XLMUSDT | +0.0142% | 8h | 0.2166 | +0.069% | $581K | $660K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2165 | −0.009% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2167 | +0.074% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2165 | +0.018% | $5K | $42K | 5x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0448% | 1h | 0.2165 | long leg | $229K | $1.5M | 50x | |
| Deribit XLM_USDC-PERPETUAL | +0.0489% | 1h | 0.2166 | +0.042% | $537K | $150K | 25x | as long as short |
| Hyperliquid XLM | +0.0540% | 1h | 0.2168 | +0.143% | $12.5M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0595% / S −0.1102% | 1h | 0.2164 | −0.041% | $174K | — | 100x | 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
Aster XLMUSDT
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Deribit XLM_USDC-PERPETUAL
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]