Settings8H · net · $10k
Funding arb · Price arb /

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0083%/8h= +9.0% APRpaid last 24h +0.042%
Price spread now: Kraken Futures against edgeX+0.015%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$390.388% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.212%−$21 on $10k
Price spread, last 3 days (all we have)+0.078%+$8 · spread now +0.015%, 7d avg +0.040%
Together, before fees−0.134%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.025% cheaper against edgeX than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.040%). If the spread goes back, that is −$2 on $10k: about 24 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XLMUSDC0.21640.0100pay 0.0050% / 4h3h 33m$12K$302K10x
ShortKraken Futures PF_XLMUSD0.21650.0183get 0.0023% / 1h33m 03s$2.6M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against edgeX. 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

Funding earned
$17.34
Price spread: +0.015% → +0.040%
−$2.46
Slippage, 4 orders
−$19.77
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$23.89
Costs to cover
0.388%
Break-even
16.6 days
Slippage from edgeX: live order book, 40 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 40 min ago1.16 bp5.9 bp −$656.8 bp −$568doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago5.76 bp15.6 bp −$1633.2 bp −$33278.8 bp −$7,876doesn't fit

XLM on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XLM/USDC PERP−0.5000%1h0.2157−0.344%$736$241K12xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2165+0.006%$4K150xas long as short
dYdX XLM-USD+0.0037%1h0.2167+0.137%$24K$2K10xas long as short
Lighter XLM+0.0096%1h0.2167+0.132%$400K$838K5xas long as short
Binance XLMUSDT+0.0100%8h0.2163−0.057%$55.9M$151.0M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2162−0.104%$44.1M$44.1M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2162−0.109%$13.2M$41.4M50xas long as short
Gate XLM_USDT+0.0100%8h0.2164−0.016%$4.1M$6.3M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2164−0.026%$24.9M$26.4M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2164−0.026%$14.4M$10.2M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2162−0.113%$25.7M$19.6M75xas long as short
BingX XLM-USDC+0.0100%8h0.2162−0.118%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2163−0.076%$88K$269K20xas long as short
Variational Omni XLM+0.0100%8h0.2166+0.079%$285K$1.3Mas long as short
edgeX XLMUSDClong+0.0100%4h0.2164long leg$12K$302K10x
GRVT XLM_USDT_Perp+0.0100%8h0.2164−0.039%$610K$619K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2164−0.007%$173K$258K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2164−0.021%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2162−0.123%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2165+0.002%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2168+0.145%$200K$256K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2164−0.007%$9.0M$9.0M50xas long as short
Extended XLM-USD+0.0104%1h0.2164−0.028%$194K$1.7M10xas long as short
Aster XLMUSDT+0.0131%8h0.2166+0.090%$581K$689K75xas long as short
Kraken Futures PF_XLMUSDshort+0.0183%1h0.2165+0.015%$2.6M$2.6M50x
BloFin XLM-USDT+0.0220%8h0.2165+0.007%$2.3M$5.4M75xas long as short
Phoenix XLM+0.0223%1h0.2161−0.150%$5K$42K5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0317% / S −0.0167%1h0.2164−0.029%$45K100xas long as short
Coinbase International XLM-PERP-INTX+0.0448%1h0.2167+0.136%$229K$1.5M50xas long as short
Hyperliquid XLM+0.0515%1h0.2165+0.048%$12.5M$6.3M5xas long as short
Deribit XLM_USDC-PERPETUAL+0.0582%1h0.2166+0.053%$537K$152K25xas long as short