Funding you earn now, next payment 02:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h +0.041%
Price spread now: Kraken Futures against Bybit−0.024%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.024%, 7d avg +0.051%
=Funding pays, the price is against you. Kraken Futures is 0.075% cheaper against Bybit than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.051%). If the spread goes back, that is −$8 on $10k: about 22 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.124%, 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 -0.124% in total (about -6.5% 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 | Bybit XLMUSDT | 0.2129 | 0.0100 | pay 0.0100% / 8h | 6h 46m | $43.0M | $45.8M | 75x |
| Short | Kraken Futures PF_XLMUSD | 0.2129 | 0.0380 | get 0.0048% / 1h | 46m 57s | $2.6M | $2.6M | 50x |
Bybit XLMUSDT
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $58.83
- Price spread: −0.024% → +0.051%
- −$7.54
- Slippage, 4 orders
- −$28.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1.64
- Costs to cover
- 0.496%
- Break-even
- 6.8 days
Slippage from Bybit: live order book, 2 min ago; Kraken Futures: 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 Bybit live order book, 2 min ago | 2.35 bp | 7.8 bp −$8 | 13.7 bp −$137 | 73.3 bp −$7,329 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.63 bp | 16.3 bp −$16 | 28.0 bp −$280 | 140.7 bp −$14.1K | 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 | 0.2129 | −0.033% | $23K | $2K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2128 | −0.039% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.202% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2129 | −0.009% | $370K | $880K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2131 | +0.062% | $54.1M | $154.0M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2129 | long leg | $43.0M | $45.8M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2129 | 0.000% | $12.8M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2129 | +0.005% | $4.0M | $6.4M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2130 | +0.028% | $24.1M | $26.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2129 | −0.023% | $14.1M | $10.0M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Binance 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 | 0.2129 | +0.005% | $25.4M | $20.4M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2129 | −0.005% | — | $7.2M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2129 | −0.019% | $89K | $263K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2127 | −0.100% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2135 | +0.255% | $12K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2136 | +0.310% | $598K | $612K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2134 | +0.211% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2128 | −0.061% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2127 | −0.099% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2128 | −0.042% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2130 | +0.052% | $197K | $269K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2129 | −0.009% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2129 | −0.013% | $191K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0138% | 8h | 0.2130 | +0.013% | $569K | $631K | 75x | as long as short |
| Hyperliquid XLM | +0.0154% | 1h | 0.2130 | +0.055% | $12.3M | $6.4M | 5x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2136 | +0.333% | $5K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2134 | +0.230% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0380% | 1h | 0.2129 | −0.024% | $2.6M | $2.6M | 50x | |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2131 | +0.061% | $233K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0455% | 1h | 0.2130 | +0.028% | $529K | $150K | 25x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0526% / S −0.0198% | 1h | 0.2127 | −0.085% | $45K | — | 100x | as long as short |
Bitget XLMUSDT
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
Phemex XLMUSDT
Extended XLM-USD
Aster XLMUSDT
Hyperliquid XLM
Phoenix XLM
BloFin XLM-USDT
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL
GMX XLM/USD [WBTC.b-USDC]