Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.049%

Price spread now: Kraken Futures against BingX−0.018%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XLM-USDT	0.2120	0.0100	pay 0.0100% / 8h	2h 13m	—	$7.4M	—
Short	Kraken Futures PF_XLMUSD	0.2119	0.0143	get 0.0018% / 1h	13m 14s	$2.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.018%Rate

Funding earned: $8.96
Price spread: −0.018% → 0.000%: −$1.8
Slippage, 4 orders: −$20.89
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$33.73
Costs to cover: 0.409%
Break-even: 33.4 days

Slippage from BingX: live order book, 10 min ago; Kraken Futures: live order book, just now.

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 BingX live order book, 10 min ago	0.24 bp	8.4 bp −$8	11.3 bp −$113	20.2 bp −$2,016	90.9 bp −$45.4K
Sell Kraken Futures live order book, just now	2.83 bp	14.4 bp −$14	29.5 bp −$295	145.8 bp −$14.6K	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	0.2119	−0.060%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.245%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2122	+0.094%	$355K	$995K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2119	−0.048%	$561K	$634K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2121	+0.044%	$54.4M	$162.1M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2119	−0.033%	$42.9M	$47.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2120	+0.033%	$12.2M	$44.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2119	−0.038%	$4.0M	$7.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2122	+0.085%	$24.3M	$28.5M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2120	0.000%	$13.9M	$9.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2119	−0.028%	$25.5M	$22.8M	75x	as long as short
BingX XLM-USDTlong	+0.0100%	8h	0.2120	long leg	—	$7.4M	—
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2120	0.000%	$131K	$315K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2111	−0.408%	$252K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2114	−0.260%	$12K	$308K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2115	−0.207%	$586K	$603K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2114	−0.274%	$169K	$265K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2119	−0.038%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2118	−0.094%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2119	−0.033%	$577	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2119	−0.038%	$195K	$251K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2119	−0.042%	$8.8M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2119	−0.020%	$189K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSDshort	+0.0143%	1h	0.2119	−0.018%	$2.6M	$2.7M	50x
Hyperliquid XLM	+0.0180%	1h	0.2122	+0.099%	$12.1M	$6.6M	5x	as long as short
dYdX XLM-USD	+0.0198%	1h	0.2118	−0.102%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2120	+0.009%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2115	−0.208%	$4K	$49K	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2117	−0.113%	$226K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0228%	1h	0.2118	−0.071%	$41K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0977%	1h	0.2121	+0.061%	$526K	$164K	25x	as long as short