Funding you earn now, next payment 01:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.096%
Price spread now: Phemex against Coinbase International−0.061%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days−0.281%−$28 on $10k
+Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.061%, 7d avg −0.064%
=The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International XLM-PERP-INTX | 0.2126 | 0.0440 | pay 0.0055% / 1h | 17m 07s | $232K | $1.5M | 50x |
| Short | Phemex XLMUSDT | 0.2125 | 0.0100 | get 0.0100% / 8h | 6h 17m | $8.9M | $8.9M | 50x |
Coinbase International XLM-PERP-INTX
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$71.4
- Price spread: −0.061% → −0.064%
- $0.24
- Slippage, 4 orders
- −$27.26
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$120.42
- Costs to cover
- 0.493%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Phemex: live order book, 2 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, 1 min ago | 4.46 bp | 12.6 bp −$13 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.58 bp | 12.4 bp −$12 | 20.6 bp −$206 | doesn't fit | doesn't fit |
XLM on 30 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 | 0.2122 | −0.190% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.047% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2125 | −0.028% | $359K | $906K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2123 | −0.146% | $53.8M | $155.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2122 | −0.165% | $42.8M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2122 | −0.174% | $12.6M | $41.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2122 | −0.183% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2123 | −0.127% | $23.7M | $27.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2124 | −0.103% | $14.1M | $10.0M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2123 | −0.160% | $25.4M | $20.7M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2122 | −0.165% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2123 | −0.141% | $88K | $262K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2128 | +0.099% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2126 | −0.016% | $11K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2127 | +0.063% | $595K | $611K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2126 | +0.005% | $170K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2123 | −0.141% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.315% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2124 | −0.108% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2120 | −0.268% | $196K | $262K | 20x | as long as short |
| Phemex XLMUSDTshort | +0.0100% | 8h | 0.2125 | −0.061% | $8.9M | $8.9M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2123 | −0.137% | $191K | $1.8M | 10x | as long as short |
| dYdX XLM-USD | +0.0121% | 1h | 0.2123 | −0.159% | $23K | $2K | 10x | as long as short |
| Aster XLMUSDT | +0.0125% | 8h | 0.2123 | −0.138% | $568K | $622K | 75x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2135 | +0.409% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0285% | 1h | 0.2126 | −0.009% | $12.2M | $6.3M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0381% | 1h | 0.2124 | −0.072% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0440% | 1h | 0.2126 | long leg | $232K | $1.5M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0193% | 1h | 0.2122 | −0.194% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0645% | 1h | 0.2124 | −0.080% | $527K | $151K | 25x | 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
Extended XLM-USD
dYdX XLM-USD
Aster XLMUSDT
Phoenix XLM
Hyperliquid XLM
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL