Funding you earn now, next payment 03:00 UTC−0.0361%/8h= −39.6% APRpaid last 24h −0.043%
Price spread now: MEXC against Kraken Futures+0.007%51s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as 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−$380.383% of the position
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now +0.007%, 7d avg −0.021%
=The price spread pays, funding is against you. MEXC is 0.028% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.021%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.143%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.5% 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 | 0.2131 | 0.0461 | pay 0.0058% / 1h | 5m 24s | $2.6M | $2.7M | 50x |
| Short | MEXC XLM_USDT | 0.2131 | 0.0100 | get 0.0100% / 8h | 5h 05m | $23.9M | $27.2M | 300x |
Kraken Futures PF_XLMUSD
MEXC XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$75.89
- Price spread: +0.007% → −0.021%
- $2.79
- Slippage, 4 orders
- −$28.27
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$111.37
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; MEXC: 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 | 4.45 bp | 15.7 bp −$16 | 20.3 bp −$203 | 90.5 bp −$9,053 | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.70 bp | 2.9 bp −$3 | 6.1 bp −$61 | 34.0 bp −$3,404 | 93.6 bp −$46.8K |
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 | 0.2129 | −0.065% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2130 | −0.026% | $373K | $923K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2129 | −0.078% | $567K | $624K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2130 | −0.026% | $54.5M | $154.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2129 | −0.073% | $43.0M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2129 | −0.077% | $12.5M | $42.1M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2131 | −0.012% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDTshort | +0.0100% | 8h | 0.2131 | +0.007% | $23.9M | $27.2M | 300x | |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2131 | +0.026% | $14.1M | $9.8M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2130 | −0.040% | $25.6M | $21.1M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDC | +0.0100% | 8h | 0.2130 | −0.031% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2131 | −0.012% | $95K | $274K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2129 | −0.083% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2133 | +0.102% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2135 | +0.181% | $595K | $595K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2135 | +0.204% | $171K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2130 | −0.040% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2129 | −0.082% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2130 | −0.016% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2131 | +0.021% | $197K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2131 | +0.016% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2129 | −0.079% | $190K | $1.8M | 10x | as long as short |
| dYdX XLM-USD | +0.0200% | 1h | 0.2127 | −0.198% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2133 | +0.082% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2133 | +0.120% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0311% | 1h | 0.2132 | +0.077% | $12.3M | $6.2M | 5x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0461% | 1h | 0.2131 | long leg | $2.6M | $2.7M | 50x | |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2139 | +0.387% | $234K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0193% | 1h | 0.2129 | −0.094% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0642% | 1h | 0.2131 | +0.012% | $529K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −0.275% | $683 | $241K | 12x | as long as short |
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
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP