Funding you earn now, next payment 10:00 UTC+0.3184%/8h= +348.7% APRnext payment +$3.98 per $10,000 · paid last 24h −0.106%
Price spread now: Kraken Futures against Deribit+0.296%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days−0.306%−$31 on $10k
+Price spread, last 4 days (all we have)−0.377%−$38 · spread now +0.296%, 7d avg −0.046%
=Both sides work for this trade now. Funding pays +$96 a day on $10k at the current rate, and Kraken Futures is 0.341% dearer against Deribit than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.306%, 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 -0.306% in total (about -16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.98 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 | Deribit XLM_USDC-PERPETUAL | 0.2128 | −0.2702 | get 0.0338% / 1h | 58m 00s | $528K | $105K | 25x |
| Short | Kraken Futures PF_XLMUSD | 0.2134 | 0.0482 | get 0.0060% / 1h | 58m 00s | $2.6M | $2.5M | 50x |
Deribit XLM_USDC-PERPETUAL
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- $668.72
- Price spread: +0.296% → −0.046%
- $34.11
- Slippage, 4 orders
- −$28.79
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $657.04
- Costs to cover
- 0.458%
- Break-even
- 0.1 days
Slippage from Deribit: live order book, 36 min ago; Kraken Futures: live order book, 1 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 Deribit live order book, 36 min ago | 4.26 bp | 7.8 bp −$8 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 4.21 bp | 16.9 bp −$17 | 35.2 bp −$352 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit XLM_USDC-PERPETUALlong | −0.2702% | 1h | 0.2128 | long leg | $528K | $105K | 25x | |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2139 | +0.498% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.146% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2137 | +0.418% | $367K | $849K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2136 | +0.363% | $566K | $545K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2134 | +0.301% | $55.4M | $153.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2133 | +0.230% | $44.2M | $43.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2134 | +0.268% | $12.4M | $44.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2135 | +0.301% | $4.0M | $6.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2135 | +0.305% | $24.3M | $27.7M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2135 | +0.301% | $13.9M | $8.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2134 | +0.254% | $26.0M | $22.3M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2134 | +0.254% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2134 | +0.296% | $121K | $323K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2137 | +0.423% | $256K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2141 | +0.602% | $12K | $310K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2141 | +0.597% | $590K | $547K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2141 | +0.587% | $172K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2135 | +0.324% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2135 | +0.338% | $2K | $1.5M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2134 | +0.296% | $581 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2136 | +0.385% | $197K | $187K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2135 | +0.315% | $8.7M | $8.7M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2134 | +0.257% | $190K | $664K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2137 | +0.418% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2141 | +0.611% | $4K | $38K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2136 | +0.381% | $214K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0482% | 1h | 0.2134 | +0.296% | $2.6M | $2.5M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0496% / S −0.0231% | 1h | 0.2139 | +0.512% | $38K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0600% | 1h | 0.2137 | +0.399% | $12.3M | $6.0M | 5x | as long as short |
| dYdX XLM-USD | +0.0704% | 1h | 0.2135 | +0.304% | $27K | $5K | 10x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDC
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
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
dYdX XLM-USD