Funding you earn now, next payment 11:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.050%
Price spread now: Kraken Futures against Backpack−0.007%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.007%, 7d avg +0.013%
=Funding pays, the price is against you. Kraken Futures is 0.020% cheaper against Backpack than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.013%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.093%, 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 | Backpack XLM_USDC_PERP | 0.2119 | 0.0100 | pay 0.0013% / 1h | 47m 37s | $120K | $302K | 20x |
| Short | Kraken Futures PF_XLMUSD | 0.2119 | 0.0256 | get 0.0032% / 1h | 47m 37s | $2.6M | $2.5M | 50x |
Backpack XLM_USDC_PERP
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Backpack. 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
- $32.71
- Price spread: −0.007% → +0.013%
- −$2.04
- Slippage, 4 orders
- −$18.9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$8.22
- Costs to cover
- 0.389%
- Break-even
- 8.8 days
Slippage from Backpack: live order book, 64 min ago; Kraken Futures: 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 Backpack live order book, 64 min ago | 1.18 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 2.12 bp | 8.8 bp −$9 | 21.3 bp −$213 | 120.2 bp −$12.0K | 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 | 0.2118 | −0.046% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.269% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2121 | +0.071% | $371K | $803K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2118 | −0.043% | $561K | $453K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2117 | −0.095% | $54.7M | $145.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2116 | −0.146% | $44.0M | $41.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2118 | −0.075% | $12.3M | $42.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2117 | −0.090% | $4.0M | $6.6M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2119 | −0.033% | $24.5M | $27.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2119 | −0.014% | $13.8M | $8.6M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2117 | −0.099% | $26.1M | $21.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2118 | −0.052% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0100% | 1h | 0.2119 | long leg | $120K | $302K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2118 | −0.063% | $253K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2119 | 0.000% | $12K | $310K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2120 | +0.051% | $592K | $530K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2119 | −0.005% | $170K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2118 | −0.061% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2119 | +0.009% | $1K | $1.4M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2119 | −0.009% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.019% | $191K | $244K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2119 | 0.000% | $8.6M | $8.5M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2117 | −0.097% | $190K | $609K | 10x | as long as short |
| Phoenix XLM | +0.0150% | 1h | 0.2120 | +0.057% | $4K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2120 | +0.047% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0256% | 1h | 0.2119 | −0.007% | $2.6M | $2.5M | 50x | |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2121 | +0.075% | $211K | $1.3M | 50x | as long as short |
| Hyperliquid XLM | +0.0419% | 1h | 0.2121 | +0.090% | $12.5M | $5.6M | 5x | as long as short |
| dYdX XLM-USD | +0.0494% | 1h | 0.2119 | +0.003% | $27K | $5K | 10x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0512% / S −0.0245% | 1h | 0.2118 | −0.062% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0600% | 1h | 0.2121 | +0.061% | $525K | $103K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Phoenix XLM
BloFin XLM-USDT
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL