Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.013%
Price spread now: BloFin against Kraken Futures−0.153%57s7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.497% of the position
Funding, last 7 days+0.362%+$36 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.153%, 7d avg −0.002%
=Funding pays, the price is against you. BloFin is 0.151% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of −0.002%). If the spread goes back, that is −$15 on $10k: about 6.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.362% in total) that is about 2.9 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XLMUSD | 0.2102 | 0.0144 | pay 0.0018% / 1h | 30m 14s | $2.5M | $2.7M | 50x |
| Short | BloFin XLM-USDT | 0.2099 | 0.0220 | get 0.0220% / 8h | 2h 30m | $2.3M | $5.4M | 75x |
Kraken Futures PF_XLMUSD
BloFin XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $16
- Price spread: −0.153% → −0.002%
- −$15.1
- Slippage, 4 orders
- −$27.67
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$48.77
- Costs to cover
- 0.497%
- Break-even
- 28.3 days
Slippage from Kraken Futures: live order book, 3 min ago; BloFin: live order book, 3 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 | 5.96 bp | 20.2 bp −$20 | 26.5 bp −$265 | 91.9 bp −$9,190 | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.48 bp | 9.0 bp −$9 | 15.9 bp −$159 | 24.4 bp −$2,438 | 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 | 0.2100 | −0.087% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +1.079% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2105 | +0.137% | $351K | $988K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2102 | +0.001% | $557K | $629K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2103 | +0.052% | $53.7M | $161.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2102 | −0.015% | $42.4M | $47.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2104 | +0.061% | $12.2M | $43.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2100 | −0.096% | $4.0M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2102 | −0.011% | $24.3M | $28.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2101 | −0.077% | $13.8M | $9.4M | 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 | 0.2101 | −0.058% | $25.3M | $22.8M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2101 | −0.072% | — | $7.4M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2099 | −0.134% | $130K | $314K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2097 | −0.245% | $250K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2100 | −0.134% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2103 | +0.018% | $589K | $608K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2099 | −0.182% | $168K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2101 | −0.063% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2099 | −0.177% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2102 | +0.008% | $573 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2100 | −0.110% | $194K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2102 | −0.015% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2102 | −0.038% | $188K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0144% | 1h | 0.2102 | long leg | $2.5M | $2.7M | 50x | |
| Hyperliquid XLM | +0.0176% | 1h | 0.2103 | +0.018% | $12.0M | $6.5M | 5x | as long as short |
| dYdX XLM-USD | +0.0213% | 1h | 0.2099 | −0.170% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDTshort | +0.0220% | 8h | 0.2099 | −0.153% | $2.3M | $5.4M | 75x | |
| Phoenix XLM | +0.0226% | 1h | 0.2109 | +0.299% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2102 | +0.004% | $224K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0228% | 1h | 0.2101 | −0.086% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1083% | 1h | 0.2104 | +0.066% | $522K | $163K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Hyperliquid XLM
dYdX XLM-USD
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL