Funding you earn now, next payment 09:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.054%
Price spread now: Binance against Kraken Futures−0.046%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.046%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.088%, 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 0.088% in total (about 4.6% 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 | Kraken Futures PF_XLMUSD | 0.2122 | 0.0340 | pay 0.0042% / 1h | 47m 33s | $2.6M | $2.6M | 50x |
| Short | Binance XLMUSDT | 0.2121 | 0.0100 | get 0.0100% / 8h | 7h 47m | $55.3M | $161.0M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.38
- Price spread: −0.046% → −0.009%
- −$3.69
- Slippage, 4 orders
- −$23.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$97.19
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Binance: live order book, 11 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 Kraken Futures live order book, 1 min ago | 5.66 bp | 16.2 bp −$16 | 23.4 bp −$234 | 50.8 bp −$5,084 | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.24 bp | 7.4 bp −$7 | 15.9 bp −$159 | 39.2 bp −$3,920 | 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 | −0.146% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.124% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2124 | +0.077% | $366K | $917K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2122 | −0.017% | $562K | $583K | 75x | as long as short |
| Binance XLMUSDTshort | +0.0100% | 8h | 0.2121 | −0.046% | $55.3M | $161.0M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2119 | −0.149% | $43.6M | $46.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2120 | −0.121% | $12.1M | $45.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2120 | −0.088% | $3.9M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2120 | −0.121% | $24.4M | $28.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2120 | −0.102% | $14.0M | $9.2M | 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 | 0.2120 | −0.116% | $25.6M | $23.0M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2121 | −0.074% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2122 | −0.017% | $130K | $347K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2122 | −0.010% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | −0.100% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2120 | −0.114% | $591K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2120 | −0.130% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2122 | −0.017% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2117 | −0.234% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2122 | −0.036% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.168% | $195K | $219K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2122 | −0.022% | $8.7M | $8.8M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2121 | −0.071% | $189K | $1.0M | 10x | as long as short |
| dYdX XLM-USD | +0.0143% | 1h | 0.2121 | −0.081% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2120 | −0.112% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2121 | −0.069% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2121 | −0.050% | $218K | $1.7M | 50x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0340% | 1h | 0.2122 | long leg | $2.6M | $2.6M | 50x | |
| Hyperliquid XLM | +0.0427% | 1h | 0.2122 | −0.003% | $12.1M | $6.4M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2121 | −0.059% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0881% | 1h | 0.2124 | +0.058% | $527K | $149K | 25x | as long as short |
Kraken Futures PF_XLMUSD
Binance XLMUSDT
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL