Funding you earn now, next payment 09:00 UTC−0.0237%/8h= −26.0% APRpaid last 24h −0.054%
Price spread now: BingX against Kraken Futures+0.030%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.030%, 7d avg −0.026%
=The price spread pays, funding is against you. BingX is 0.056% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.026%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.093%, 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 0.093% in total (about 4.9% 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 | 0.2140 | 0.0337 | pay 0.0042% / 1h | 0m 47s | $2.6M | $2.5M | 50x |
| Short | BingX XLM-USDT | 0.2141 | 0.0100 | get 0.0100% / 8h | 7h 00m | — | $7.1M | — |
Kraken Futures PF_XLMUSD
BingX XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$49.78
- Price spread: +0.030% → −0.026%
- $5.55
- Slippage, 4 orders
- −$25.16
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$89.39
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 2 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, 3 min ago | 4.43 bp | 18.9 bp −$19 | 28.9 bp −$289 | 209.1 bp −$20.9K | doesn't fit |
| Sell BingX live order book, 2 min ago | 0.23 bp | 6.7 bp −$7 | 10.4 bp −$104 | 23.3 bp −$2,326 | 118.8 bp −$59.4K |
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 | 0.2140 | +0.007% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.713% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2142 | +0.095% | $368K | $934K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2143 | +0.122% | $568K | $545K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2142 | +0.061% | $55.5M | $155.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2140 | −0.012% | $44.3M | $43.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2140 | −0.022% | $12.3M | $44.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2139 | −0.045% | $4.0M | $7.4M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2140 | −0.003% | $24.4M | $29.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2140 | −0.036% | $13.9M | $8.9M | 75x | 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_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2140 | +0.006% | $26.1M | $22.4M | 75x | as long as short |
| BingX XLM-USDTshort | +0.0100% | 8h | 0.2141 | +0.030% | — | $7.1M | — | |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2140 | −0.031% | $121K | $325K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2137 | −0.148% | $256K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2141 | +0.019% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2143 | +0.134% | $591K | $548K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2140 | −0.031% | $171K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2141 | +0.034% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2139 | −0.078% | $2K | $1.5M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2140 | −0.026% | $583 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2142 | +0.105% | $197K | $187K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2141 | +0.020% | $8.8M | $8.7M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2139 | −0.056% | $191K | $690K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2141 | +0.025% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2142 | +0.058% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2142 | +0.062% | $214K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0337% | 1h | 0.2140 | long leg | $2.6M | $2.5M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0496% / S −0.0231% | 1h | 0.2139 | −0.059% | $38K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0561% | 1h | 0.2143 | +0.119% | $12.4M | $6.0M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0778% | 1h | 0.2141 | +0.053% | $531K | $110K | 25x | as long as short |
| dYdX XLM-USD | +0.0845% | 1h | 0.2143 | +0.149% | $27K | $5K | 10x | as long as short |
Bitget XLMUSDT
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
Deribit XLM_USDC-PERPETUAL
dYdX XLM-USD