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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0311%/8h= −34.0% APRpaid last 24h −0.041%
Price spread now: Aster against Kraken Futures+0.133%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$540.544% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.216%+$22 on $10k
Price spread, last 3 days (all we have)+0.021%+$2 · spread now +0.133%, 7d avg +0.043%
Together, before fees+0.237%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.090% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.043%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.216%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.216% in total (about 11.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XLMUSD0.21720.0411pay 0.0051% / 1h49m 49s$2.6M$2.6M50x
ShortAster XLMUSDT0.21750.0100get 0.0100% / 8h49m 49s$583K$785K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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
−$65.22
Price spread: +0.133% → +0.043%
$8.99
Slippage, 4 orders
−$36.37
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$110.6
Costs to cover
0.544%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Aster: live order book, 28 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 Kraken Futures live order book, 4 min ago5.51 bp14.6 bp −$1519.3 bp −$19385.6 bp −$8,557doesn't fit
Sell Aster live order book, 28 min ago3.00 bp11.8 bp −$1225.6 bp −$256doesn't fitdoesn'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%1h0.2046−5.785%$6K$238K12xas long as short
dYdX XLM-USD0.0000%1h0.2173+0.050%$24K$3K10xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2173+0.045%$4K150xas long as short
Aster XLMUSDTshort+0.0100%8h0.2175+0.133%$583K$785K75x
Binance XLMUSDT+0.0100%8h0.2172+0.021%$56.1M$151.3M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2171−0.019%$44.2M$43.9M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2171−0.024%$13.2M$42.0M50xas long as short
Gate XLM_USDT+0.0100%8h0.2172−0.006%$4.1M$6.2M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2172+0.031%$25.9M$25.9M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2172+0.004%$14.6M$10.6M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2172−0.006%$25.8M$19.2M75xas long as short
BingX XLM-USDT+0.0100%8h0.2172−0.001%$7.0Mas long as short
Variational Omni XLM+0.0100%8h0.2175+0.166%$258K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2170−0.067%$12K$300K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2175+0.149%$602K$633K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2178+0.289%$174K$256K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2172+0.017%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2160−0.540%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2171−0.024%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2174+0.128%$201K$261K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2172−0.006%$9.1M$9.0M50xas long as short
Extended XLM-USD+0.0104%1h0.2172−0.001%$194K$1.6M10xas long as short
Backpack XLM_USDC_PERP+0.0150%1h0.2172+0.004%$98K$265K20xas long as short
BloFin XLM-USDT+0.0220%8h0.2174+0.109%$2.3M$5.6M75xas long as short
Phoenix XLM+0.0222%1h0.2175+0.179%$5K$42K5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0317% / S −0.0167%1h0.2172+0.023%$45K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.0395%1h0.2173+0.086%$539K$160K25xas long as short
Kraken Futures PF_XLMUSDlong+0.0411%1h0.2172long leg$2.6M$2.6M50x
Coinbase International XLM-PERP-INTX+0.0448%1h0.2175+0.151%$234K$1.5M50xas long as short
Hyperliquid XLM+0.0567%1h0.2174+0.109%$12.4M$6.1M5xas long as short
Lighter XLM+0.0592%1h0.2174+0.105%$420K$809K5xas long as short