Funding you earn now, next payment 09:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h +0.038%
Price spread now: Coinbase International against Kraken Futures+0.053%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days+0.325%+$33 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.053%, 7d avg +0.062%
=The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.325%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XLMUSD | 0.2134 | 0.0482 | pay 0.0060% / 1h | 55m 57s | $2.6M | $2.5M | 50x |
| Short | Coinbase International XLM-PERP-INTX | 0.2135 | 0.0328 | get 0.0041% / 1h | 55m 57s | $214K | $1.4M | 50x |
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$32.44
- Price spread: +0.053% → +0.062%
- −$0.87
- Slippage, 4 orders
- −$35.07
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$88.38
- Costs to cover
- 0.551%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: 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 | 4.21 bp | 13.3 bp −$13 | 34.1 bp −$341 | 415.2 bp −$41.5K | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 3.98 bp | 11.9 bp −$12 | 19.1 bp −$191 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit XLM_USDC-PERPETUAL | 0.0000% | 1h | 0.2135 | +0.039% | $529K | $105K | 25x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2139 | +0.222% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.420% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2138 | +0.175% | $374K | $856K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2132 | −0.106% | $565K | $540K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2131 | −0.157% | $55.3M | $152.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2129 | −0.228% | $44.1M | $43.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2128 | −0.261% | $12.4M | $44.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2131 | −0.144% | $4.0M | $6.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2131 | −0.148% | $24.3M | $27.8M | 300x | as long as short |
Deribit XLM_USDC-PERPETUAL
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_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2131 | −0.153% | $13.8M | $8.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2130 | −0.172% | $25.9M | $22.3M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2130 | −0.186% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2133 | −0.045% | $121K | $318K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2133 | −0.041% | $255K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2137 | +0.149% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2141 | +0.321% | $590K | $547K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2141 | +0.311% | $172K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2135 | +0.048% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2135 | +0.058% | $2K | $1.5M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2135 | +0.025% | $581 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2136 | +0.109% | $197K | $187K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2134 | +0.020% | $8.7M | $8.7M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2130 | −0.202% | $190K | $659K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2138 | +0.170% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2137 | +0.128% | $4K | $47K | 5x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0328% | 1h | 0.2135 | +0.053% | $214K | $1.4M | 50x | |
| Kraken Futures PF_XLMUSDlong | +0.0482% | 1h | 0.2134 | long leg | $2.6M | $2.5M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0503% / S −0.0236% | 1h | 0.2134 | +0.024% | $39K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0557% | 1h | 0.2136 | +0.091% | $12.3M | $6.0M | 5x | as long as short |
| dYdX XLM-USD | +0.0707% | 1h | 0.2136 | +0.112% | $27K | $5K | 10x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDC
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
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
dYdX XLM-USD