Funding you earn now, next payment 20:00 UTC−0.0536%/8h= −58.7% APRnext payment −$0.67 per $10,000 · paid last 24h +0.007%
Price spread now: Coinbase International against Lighter−0.121%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$550.553% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 3 days (all we have)−0.463%−$46 · spread now −0.121%, 7d avg −0.023%
=Together, before fees−0.404%+ Points / potential airdropLighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Coinbase International is 0.098% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 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 | Lighter XLM | 0.2150 | 0.0912 | pay 0.0114% / 1h | 32m 06s | $427K | $781K | 5x |
| Short | Coinbase International XLM-PERP-INTX | 0.2147 | 0.0376 | get 0.0047% / 1h | 32m 06s | $236K | $1.5M | 50x |
Lighter XLM
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- −$112.56
- Price spread: −0.121% → −0.023%
- −$9.75
- Slippage, 4 orders
- −$45.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$177.58
- Costs to cover
- 0.553%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; Coinbase International: 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 Lighter live order book, 13 min ago | 2.79 bp | 23.0 bp −$23 | 55.8 bp −$558 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 3.26 bp | 13.6 bp −$14 | 18.2 bp −$182 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2144 | −0.265% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2143 | −0.331% | $10K | — | 150x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2143 | −0.302% | $55.4M | $144.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2143 | −0.330% | $43.6M | $39.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2142 | −0.377% | $13.0M | $40.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2143 | −0.298% | $3.9M | $5.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2144 | −0.279% | $25.8M | $24.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2144 | −0.274% | $14.4M | $9.8M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2143 | −0.312% | $25.4M | $17.2M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2143 | −0.307% | — | $6.9M | — | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XLM | +0.0100% | 8h | 0.2144 | −0.287% | $216K | $946K | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2141 | −0.399% | $12K | $298K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2140 | −0.434% | $596K | $570K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2147 | −0.126% | $172K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2145 | −0.219% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2141 | −0.409% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2144 | −0.265% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2145 | −0.219% | $200K | $271K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2145 | −0.219% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2144 | −0.265% | $196K | $1.6M | 10x | as long as short |
| Aster XLMUSDT | +0.0110% | 8h | 0.2144 | −0.249% | $590K | $786K | 75x | as long as short |
| Phoenix XLM | +0.0188% | 1h | 0.2143 | −0.312% | $5K | $40K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2142 | −0.340% | $2.3M | $6.3M | 75x | as long as short |
| Backpack XLM_USDC_PERP | +0.0236% | 1h | 0.2144 | −0.288% | $94K | $212K | 20x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0310% / S −0.0164% | 1h | 0.2142 | −0.343% | $44K | — | 100x | as long as short |
| Injective XLM/USDC PERP | +0.0346% | 1h | 0.2123 | −1.242% | $476 | $85K | 12x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0376% | 1h | 0.2147 | −0.121% | $236K | $1.5M | 50x | |
| Kraken Futures PF_XLMUSD | +0.0401% | 1h | 0.2145 | −0.224% | $2.6M | $2.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0543% | 1h | 0.2147 | −0.149% | $533K | $166K | 25x | as long as short |
| Hyperliquid XLM | +0.0561% | 1h | 0.2146 | −0.172% | $11.9M | $5.8M | 5x | as long as short |
| Lighter XLMlong | +0.0912% | 1h | 0.2150 | long leg | $427K | $781K | 5x |
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
Phoenix XLM
BloFin XLM-USDT
Backpack XLM_USDC_PERP
GMX XLM/USD [WBTC.b-USDC]
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL
Hyperliquid XLM