XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0313%/8h= −34.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.045%

Price spread now: Kraken Futures against Coinbase International+0.058%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$600.605% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.337%−$34 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.058%, 7d avg −0.055%

Together, before fees−0.377%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.113% dearer against Coinbase International than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.055%): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XLM-PERP-INTX	0.2120	0.0456	pay 0.0057% / 1h	50m 32s	$228K	$1.6M	50x
Short	Kraken Futures PF_XLMUSD	0.2122	0.0143	get 0.0018% / 1h	50m 32s	$2.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$65.83
Price spread: +0.058% → −0.055%: $11.31
Slippage, 4 orders: −$40.49
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$115.01
Costs to cover: 0.605%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Kraken Futures: live order book, 3 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, 3 min ago	2.36 bp	9.8 bp −$10	17.0 bp −$170	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.54 bp	21.2 bp −$21	33.5 bp −$335	85.6 bp −$8,564	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	−0.046%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.217%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2124	+0.179%	$373K	$959K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2121	+0.032%	$563K	$625K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2122	+0.093%	$54.2M	$159.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2120	+0.005%	$43.0M	$46.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2122	+0.057%	$12.5M	$43.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2121	+0.038%	$4.1M	$7.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2122	+0.066%	$25.0M	$27.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2121	+0.042%	$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	0.2121	+0.024%	$25.5M	$22.5M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2121	+0.038%	—	$7.3M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2121	+0.042%	$125K	$295K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2119	−0.060%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2118	−0.115%	$12K	$306K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2120	−0.013%	$594K	$608K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2119	−0.047%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2121	+0.028%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2117	−0.137%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2121	+0.033%	$578	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2119	−0.071%	$195K	$250K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2121	+0.024%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2121	+0.037%	$190K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSDshort	+0.0143%	1h	0.2122	+0.058%	$2.6M	$2.7M	50x
Hyperliquid XLM	+0.0167%	1h	0.2123	+0.132%	$12.2M	$6.4M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2122	+0.066%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2118	−0.118%	$4K	$49K	5x	as long as short
dYdX XLM-USD	+0.0243%	1h	0.2120	−0.020%	$23K	$2K	10x	as long as short
Coinbase International XLM-PERP-INTXlong	+0.0456%	1h	0.2120	long leg	$228K	$1.6M	50x
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2120	−0.029%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0835%	1h	0.2123	+0.113%	$526K	$162K	25x	as long as short