XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h −0.004%

Price spread now: Kraken Futures against Lighter−0.149%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$750.745% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 4 days (all we have)−0.184%−$18 · spread now −0.149%, 7d avg −0.088%

Together, before fees−0.396%+ Points / potential airdropLighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.061% cheaper against Lighter than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.088%). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.213%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XLM	0.2122	0.0096	pay 0.0012% / 1h	51m 25s	$371K	$803K	5x
Short	Kraken Futures PF_XLMUSD	0.2118	0.0256	get 0.0032% / 1h	51m 25s	$2.6M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.149%Rate

Funding earned: $33.57
Price spread: −0.149% → −0.088%: −$6.08
Slippage, 4 orders: −$64.52
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$47.03
Costs to cover: 0.745%
Break-even: 16.8 days

Slippage from Lighter: live order book, 56 min ago; Kraken Futures: live order book, 5 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 Lighter live order book, 56 min ago	5.66 bp	15.6 bp −$16	55.9 bp −$559	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	3.77 bp	12.7 bp −$13	18.1 bp −$181	doesn't fit	doesn't fit

XLM on 31 exchanges

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	0.2120	−0.058%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.165%	$683	$241K	12x	as long as short
Lighter XLMlong	+0.0096%	1h	0.2122	long leg	$371K	$803K	5x
Aster XLMUSDT	+0.0100%	8h	0.2120	−0.052%	$562K	$456K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2119	−0.104%	$54.8M	$145.6M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2118	−0.160%	$44.0M	$41.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2119	−0.141%	$12.3M	$42.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2119	−0.104%	$4.0M	$6.6M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2120	−0.080%	$24.5M	$27.2M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2120	−0.052%	$13.8M	$8.7M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2119	−0.137%	$26.1M	$21.3M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2119	−0.123%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2120	−0.061%	$120K	$302K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2124	+0.116%	$255K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2121	−0.025%	$12K	$309K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2120	−0.053%	$592K	$530K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2121	−0.033%	$170K	$252K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2119	−0.118%	$3K	$247	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2120	−0.057%	$2K	$1.4M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2119	−0.132%	$577	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2120	−0.080%	$191K	$244K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2120	−0.057%	$8.6M	$8.6M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2118	−0.156%	$190K	$609K	10x	as long as short
Phoenix XLM	+0.0150%	1h	0.2124	+0.108%	$4K	$46K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2121	−0.009%	$2.3M	$5.2M	75x	as long as short
Kraken Futures PF_XLMUSDshort	+0.0256%	1h	0.2118	−0.149%	$2.6M	$2.5M	50x
Coinbase International XLM-PERP-INTX	+0.0328%	1h	0.2120	−0.061%	$211K	$1.3M	50x	as long as short
Hyperliquid XLM	+0.0410%	1h	0.2122	+0.047%	$12.5M	$5.6M	5x	as long as short
dYdX XLM-USD	+0.0439%	1h	0.2119	−0.101%	$27K	$5K	10x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0512% / S −0.0245%	1h	0.2119	−0.110%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0552%	1h	0.2120	−0.052%	$525K	$103K	25x	as long as short