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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees+0.280%+$28 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XLMUSD0.21220.0340pay 0.0042% / 1h47m 33s$2.6M$2.6M50x
ShortBinance XLMUSDT0.21210.0100get 0.0100% / 8h7h 47m$55.3M$161.0M75x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 1 min ago5.66 bp16.2 bp −$1623.4 bp −$23450.8 bp −$5,084doesn't fit
Sell Binance live order book, 11 min ago0.24 bp7.4 bp −$715.9 bp −$15939.2 bp −$3,920doesn'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
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2119−0.146%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125+0.124%$683$241K12xas long as short
Lighter XLM+0.0096%1h0.2124+0.077%$366K$917K5xas long as short
Aster XLMUSDT+0.0100%8h0.2122−0.017%$562K$583K75xas long as short
Binance XLMUSDTshort+0.0100%8h0.2121−0.046%$55.3M$161.0M75x
Bybit XLMUSDT+0.0100%8h0.2119−0.149%$43.6M$46.5M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2120−0.121%$12.1M$45.2M50xas long as short
Gate XLM_USDT+0.0100%8h0.2120−0.088%$3.9M$7.3M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2120−0.121%$24.4M$28.8M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2120−0.102%$14.0M$9.2M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2120−0.116%$25.6M$23.0M75xas long as short
BingX XLM-USDC+0.0100%8h0.2121−0.074%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2122−0.017%$130K$347K20xas long as short
Variational Omni XLM+0.0100%8h0.2122−0.010%$253K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2120−0.100%$12K$309K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2120−0.114%$591K$551K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2120−0.130%$170K$264K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2122−0.017%$3K$24710xas long as short
SunX XLM-USDT+0.0100%8h0.2117−0.234%$2K$1.6M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2122−0.036%$578$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2119−0.168%$195K$219K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2122−0.022%$8.7M$8.8M50xas long as short
Extended XLM-USD+0.0104%1h0.2121−0.071%$189K$1.0M10xas long as short
dYdX XLM-USD+0.0143%1h0.2121−0.081%$23K$2K10xas long as short
BloFin XLM-USDT+0.0220%8h0.2120−0.112%$2.3M$5.4M75xas long as short
Phoenix XLM+0.0226%1h0.2121−0.069%$4K$56K5xas long as short
Coinbase International XLM-PERP-INTX+0.0328%1h0.2121−0.050%$218K$1.7M50xas long as short
Kraken Futures PF_XLMUSDlong+0.0340%1h0.2122long leg$2.6M$2.6M50x
Hyperliquid XLM+0.0427%1h0.2122−0.003%$12.1M$6.4M5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0517% / S −0.0247%1h0.2121−0.059%$39K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.0881%1h0.2124+0.058%$527K$149K25xas long as short