Funding you earn now, next payment 09:00 UTC−0.0247%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h +0.038%
Price spread now: Lighter against Kraken Futures+0.143%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 4 days (all we have)+0.523%+$52 · spread now +0.143%, 7d avg +0.087%
=Together, before fees+0.753%+ Points / potential airdropLighter: Season 3 · farm board+$75 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.055% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.087%): +$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 18 hours. Mind the row above: over the last 7 days funding on this pair paid +0.230%, 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 | 0.2103 | 0.0343 | pay 0.0043% / 1h | 30m 17s | $2.5M | $2.6M | 50x |
| Short | Lighter XLM | 0.2105 | 0.0096 | get 0.0012% / 1h | 30m 17s | $363K | $921K | 5x |
Kraken Futures PF_XLMUSD
Lighter XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$51.89
- Price spread: +0.143% → +0.087%
- $5.54
- Slippage, 4 orders
- −$50.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$106.47
- Costs to cover
- 0.601%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Lighter: live order book, 65 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 | 4.27 bp | 11.0 bp −$11 | 22.3 bp −$223 | 83.3 bp −$8,330 | doesn't fit |
| Sell Lighter live order book, 65 min ago | 5.43 bp | 16.5 bp −$17 | 57.8 bp −$578 | 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 | 0.2102 | −0.043% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +1.070% | $683 | $241K | 12x | as long as short |
| Lighter XLMshort | +0.0096% | 1h | 0.2105 | +0.143% | $363K | $921K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2104 | +0.053% | $558K | $583K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2103 | +0.019% | $54.7M | $160.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2101 | −0.071% | $43.4M | $46.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2102 | −0.024% | $12.1M | $45.1M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2102 | −0.038% | $3.9M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2103 | +0.005% | $24.3M | $29.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2102 | −0.038% | $13.8M | $9.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
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 | 0.2103 | +0.009% | $25.3M | $23.1M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2102 | −0.043% | — | $7.3M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2107 | +0.214% | $129K | $344K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2106 | +0.174% | $251K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2109 | +0.325% | $12K | $310K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2113 | +0.518% | $589K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2107 | +0.238% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2102 | −0.024% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2100 | −0.133% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2106 | +0.181% | $574 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2106 | +0.181% | $194K | $213K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2103 | +0.019% | $8.6M | $8.8M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2101 | −0.064% | $187K | $877K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2108 | +0.252% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2111 | +0.409% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2103 | +0.038% | $210K | $1.6M | 50x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0343% | 1h | 0.2103 | long leg | $2.5M | $2.6M | 50x | |
| Hyperliquid XLM | +0.0474% | 1h | 0.2107 | +0.228% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0511% | 1h | 0.2103 | +0.024% | $522K | $140K | 25x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0247% | 1h | 0.2102 | −0.035% | $39K | — | 100x | as long as short |
| dYdX XLM-USD | +0.1073% | 1h | 0.2105 | +0.102% | $26K | $5K | 10x | 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
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL
GMX XLM/USD [WBTC.b-USDC]
dYdX XLM-USD