Funding you earn now, next payment 06:00 UTC+0.0044%/8h= +4.9% APRpaid last 24h +0.049%
Price spread now: Kraken Futures against OKX−0.045%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.045%, 7d avg +0.038%
=Funding pays, the price is against you. Kraken Futures is 0.082% cheaper against OKX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.038%). If the spread goes back, that is −$8 on $10k: about 6.2 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XLM-USDT-SWAP | 0.2095 | 0.0100 | pay 0.0100% / 8h | 2h 27m | $12.1M | $43.7M | 50x |
| Short | Kraken Futures PF_XLMUSD | 0.2094 | 0.0144 | get 0.0018% / 1h | 27m 10s | $2.5M | $2.7M | 50x |
OKX XLM-USDT-SWAP
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $9.32
- Price spread: −0.045% → +0.038%
- −$8.23
- Slippage, 4 orders
- −$30.34
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$49.24
- Costs to cover
- 0.503%
- Break-even
- 44.0 days
Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 2 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 OKX live order book, 2 min ago | 0.24 bp | 8.8 bp −$9 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.01 bp | 15.8 bp −$16 | 27.3 bp −$273 | 118.1 bp −$11.8K | 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 | 0.2094 | −0.018% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +1.442% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2097 | +0.100% | $351K | $990K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2094 | −0.019% | $555K | $630K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2095 | 0.000% | $53.5M | $161.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2093 | −0.086% | $42.2M | $47.2M | 75x | as long as short |
| OKX XLM-USDT-SWAPlong | +0.0100% | 8h | 0.2095 | long leg | $12.1M | $43.7M | 50x | |
| Gate XLM_USDT | +0.0100% | 8h | 0.2095 | +0.019% | $4.0M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2095 | −0.010% | $24.1M | $28.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2097 | +0.091% | $13.8M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
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 | 0.2093 | −0.067% | $25.2M | $22.8M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2096 | +0.038% | — | $7.4M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2098 | +0.167% | $130K | $314K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2097 | +0.113% | $250K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2104 | +0.421% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2101 | +0.294% | $582K | $615K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2104 | +0.415% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2093 | −0.086% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2089 | −0.291% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2094 | −0.019% | $571 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2094 | −0.029% | $193K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2094 | −0.019% | $8.7M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2094 | −0.035% | $188K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0144% | 1h | 0.2094 | −0.045% | $2.5M | $2.7M | 50x | |
| Hyperliquid XLM | +0.0162% | 1h | 0.2096 | +0.076% | $11.9M | $6.5M | 5x | as long as short |
| dYdX XLM-USD | +0.0199% | 1h | 0.2097 | +0.084% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2095 | +0.029% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2101 | +0.291% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2094 | −0.029% | $223K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0514% / S −0.0228% | 1h | 0.2094 | −0.039% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0801% | 1h | 0.2095 | 0.000% | $519K | $163K | 25x | 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
Hyperliquid XLM
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL