Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.049%

Price spread now: GRVT against Kraken Futures−0.071%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Kraken Futures Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.071%, 7d avg −0.039%

Together, before fees+0.129%+ Points / potential airdropGRVT: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.033% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.116%, 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	0.2122	0.0143	pay 0.0018% / 1h	50m 50s	$2.6M	$2.7M	50x
Short	GRVT XLM_USDT_Perp	0.2120	0.0100	get 0.0100% / 8h	2h 50m	$594K	$608K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GRVTbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$8.93
Price spread: −0.071% → −0.039%: −$3.26
Slippage, 4 orders: −$41.75
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$72.93
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; GRVT: live order book, 62 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	3.54 bp	15.4 bp −$15	21.0 bp −$210	71.8 bp −$7,184	doesn't fit
Sell GRVT live order book, 62 min ago	2.56 bp	15.0 bp −$15	26.0 bp −$260	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
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2119	−0.104%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.159%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2124	+0.121%	$373K	$959K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2121	−0.040%	$563K	$625K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2122	+0.013%	$54.2M	$159.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2120	−0.072%	$43.0M	$46.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2121	−0.016%	$12.5M	$43.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2121	−0.044%	$4.1M	$7.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2122	+0.013%	$25.0M	$27.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2121	−0.025%	$13.9M	$9.4M	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	0.2121	−0.030%	$25.5M	$22.5M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2121	−0.020%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2121	−0.016%	$125K	$295K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2119	−0.118%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2118	−0.173%	$12K	$306K	10x	as long as short
GRVT XLM_USDT_Perpshort	+0.0100%	8h	0.2120	−0.071%	$594K	$608K	10x
ApeX Omni XLMUSDT	+0.0100%	1h	0.2119	−0.105%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2121	−0.030%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2117	−0.195%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2121	−0.025%	$578	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2119	−0.129%	$195K	$250K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2121	−0.035%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2121	−0.022%	$190K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSDlong	+0.0143%	1h	0.2122	long leg	$2.6M	$2.7M	50x
Hyperliquid XLM	+0.0167%	1h	0.2123	+0.074%	$12.2M	$6.4M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2122	+0.008%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2118	−0.176%	$4K	$49K	5x	as long as short
dYdX XLM-USD	+0.0243%	1h	0.2120	−0.078%	$23K	$2K	10x	as long as short
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2120	−0.058%	$228K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2120	−0.087%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0835%	1h	0.2123	+0.055%	$526K	$162K	25x	as long as short