Funding you earn now, next payment 03:00 UTC−0.0365%/8h= −40.0% APRpaid last 24h −0.041%
Price spread now: OKX against Kraken Futures−0.012%45s7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as 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−$610.610% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.012%, 7d avg −0.044%
=The price spread pays, funding is against you. OKX is 0.032% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.044%): +$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 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you. The two prices were read 45 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 0.063% in total (about 3.3% 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 | 0.2112 | 0.0465 | pay 0.0058% / 1h | 54m 33s | $2.6M | $2.7M | 50x |
| Short | OKX XLM-USDT-SWAP | 0.2112 | 0.0100 | get 0.0100% / 8h | 5h 54m | $12.5M | $41.3M | 50x |
Kraken Futures PF_XLMUSD
OKX XLM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$76.75
- Price spread: −0.012% → −0.044%
- $3.23
- Slippage, 4 orders
- −$41.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$134.54
- Costs to cover
- 0.610%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago | 4.02 bp | 19.8 bp −$20 | 28.8 bp −$288 | 140.4 bp −$14.0K | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.24 bp | 15.1 bp −$15 | 24.3 bp −$243 | doesn't fit | doesn't fit |
XLM on 30 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 | 0.2110 | −0.105% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2115 | +0.125% | $356K | $900K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2113 | +0.055% | $53.9M | $153.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2112 | −0.007% | $42.7M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAPshort | +0.0100% | 8h | 0.2112 | −0.012% | $12.5M | $41.3M | 50x | |
| Gate XLM_USDT | +0.0100% | 8h | 0.2112 | +0.016% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2113 | +0.035% | $23.2M | $26.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2113 | +0.035% | $14.0M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2113 | +0.030% | $25.3M | $20.7M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2112 | +0.007% | — | $7.1M | — | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2113 | +0.045% | $87K | $261K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2120 | +0.383% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2112 | −0.025% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2114 | +0.110% | $585K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2110 | −0.093% | $169K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2111 | −0.050% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2109 | −0.154% | $2K | $1.6M | 20x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2116 | +0.206% | $195K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2112 | +0.012% | $8.9M | $8.9M | 50x | as long as short |
| SoDEX XLM-USD | +0.0103% | 1h | 0.2112 | −0.026% | $2K | $6K | 5x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2112 | −0.005% | $188K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0108% | 8h | 0.2113 | +0.026% | $565K | $623K | 75x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2113 | +0.049% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLM | +0.0272% | 1h | 0.2114 | +0.111% | $12.2M | $6.1M | 5x | as long as short |
| dYdX XLM-USD | +0.0332% | 1h | 0.2112 | −0.023% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2119 | +0.319% | $233K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0465% | 1h | 0.2112 | long leg | $2.6M | $2.7M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0193% | 1h | 0.2110 | −0.105% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0603% | 1h | 0.2112 | −0.017% | $524K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | +0.613% | $683 | $241K | 12x | as long as short |
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
HTX XLM-USDT
Phemex XLMUSDT
SoDEX XLM-USD
Extended XLM-USD
Aster XLMUSDT
Phoenix XLM
Hyperliquid XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP