Funding you earn now, next payment 00:00 UTC+0.0311%/8h= +34.0% APRpaid last 24h +0.041%
Price spread now: Kraken Futures against Bitget+0.006%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.006%, 7d avg +0.031%
=Funding pays, the price is against you. Kraken Futures is 0.025% cheaper against Bitget than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.031%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.163% in total (about -8.5% 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 | Bitget XLMUSDT | 0.2172 | 0.0100 | pay 0.0100% / 8h | 49m 46s | $25.8M | $19.2M | 75x |
| Short | Kraken Futures PF_XLMUSD | 0.2172 | 0.0411 | get 0.0051% / 1h | 49m 46s | $2.6M | $2.6M | 50x |
Bitget XLMUSDT
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $65.22
- Price spread: +0.006% → +0.031%
- −$2.51
- Slippage, 4 orders
- −$26.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $14.07
- Costs to cover
- 0.486%
- Break-even
- 5.5 days
Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Bitget live order book, 4 min ago | 0.23 bp | 9.8 bp −$10 | 15.9 bp −$159 | 37.4 bp −$3,741 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 5.51 bp | 16.1 bp −$16 | 35.7 bp −$357 | 141.6 bp −$14.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2046 | −5.779% | $6K | $238K | 12x | as long as short |
| dYdX XLM-USD | 0.0000% | 1h | 0.2173 | +0.056% | $24K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2173 | +0.051% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2175 | +0.139% | $583K | $785K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2172 | +0.027% | $56.1M | $151.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2171 | −0.014% | $44.2M | $43.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2171 | −0.018% | $13.2M | $42.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2172 | 0.000% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2172 | +0.037% | $25.9M | $25.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2172 | +0.009% | $14.6M | $10.6M | 75x | as long as short |
Injective XLM/USDC PERP
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
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 XLMUSDTlong | +0.0100% | 8h | 0.2172 | long leg | $25.8M | $19.2M | 75x | |
| BingX XLM-USDT | +0.0100% | 8h | 0.2172 | +0.005% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2175 | +0.172% | $258K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2170 | −0.061% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2175 | +0.155% | $602K | $633K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2178 | +0.295% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2172 | +0.023% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2160 | −0.534% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2171 | −0.018% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2174 | +0.134% | $201K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2172 | 0.000% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2172 | +0.005% | $194K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0150% | 1h | 0.2172 | +0.009% | $98K | $265K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2174 | +0.115% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2175 | +0.184% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0317% / S −0.0167% | 1h | 0.2172 | +0.029% | $45K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0395% | 1h | 0.2173 | +0.092% | $539K | $160K | 25x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0411% | 1h | 0.2172 | +0.006% | $2.6M | $2.6M | 50x | |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2175 | +0.157% | $234K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0567% | 1h | 0.2174 | +0.115% | $12.4M | $6.1M | 5x | as long as short |
| Lighter XLM | +0.0592% | 1h | 0.2174 | +0.111% | $420K | $809K | 5x | as long as short |
BingX XLM-USDT
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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Lighter XLM