Funding you earn now, next payment 09:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h +0.054%
Price spread now: Kraken Futures against Binance+0.096%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.096%, 7d avg +0.009%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.087% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% 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 | Binance XLMUSDT | 0.2114 | 0.0100 | pay 0.0100% / 8h | 7h 36m | $55.0M | $161.1M | 75x |
| Short | Kraken Futures PF_XLMUSD | 0.2116 | 0.0341 | get 0.0043% / 1h | 36m 53s | $2.5M | $2.6M | 50x |
Binance XLMUSDT
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $50.58
- Price spread: +0.096% → +0.009%
- $8.71
- Slippage, 4 orders
- −$21.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $17.99
- Costs to cover
- 0.413%
- Break-even
- 4.5 days
Slippage from Binance: live order book, 6 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 Binance live order book, 6 min ago | 0.24 bp | 7.8 bp −$8 | 13.2 bp −$132 | 26.3 bp −$2,634 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 0.24 bp | 15.0 bp −$15 | 25.8 bp −$258 | 145.2 bp −$14.5K | 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 | 0.2116 | +0.074% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.511% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2119 | +0.218% | $365K | $917K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2116 | +0.069% | $561K | $583K | 75x | as long as short |
| Binance XLMUSDTlong | +0.0100% | 8h | 0.2114 | long leg | $55.0M | $161.1M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2113 | −0.061% | $43.6M | $46.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2113 | −0.047% | $12.1M | $44.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2114 | +0.014% | $3.9M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2115 | +0.029% | $24.6M | $28.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2115 | +0.048% | $13.9M | $9.1M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
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 | 0.2114 | +0.010% | $25.5M | $23.0M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2115 | +0.029% | — | $7.3M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2116 | +0.104% | $129K | $344K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2112 | −0.097% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | +0.007% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2113 | −0.033% | $589K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2113 | −0.038% | $169K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2117 | +0.133% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2115 | +0.024% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2116 | +0.076% | $576 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2117 | +0.137% | $195K | $218K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2116 | +0.104% | $8.7M | $8.8M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2115 | +0.037% | $188K | $923K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2117 | +0.128% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2117 | +0.118% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2117 | +0.128% | $215K | $1.6M | 50x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0341% | 1h | 0.2116 | +0.096% | $2.5M | $2.6M | 50x | |
| Hyperliquid XLM | +0.0466% | 1h | 0.2118 | +0.199% | $12.1M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0247% | 1h | 0.2116 | +0.081% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0790% | 1h | 0.2118 | +0.175% | $525K | $148K | 25x | as long as short |
| dYdX XLM-USD | +0.0886% | 1h | 0.2116 | +0.068% | $23K | $2K | 10x | 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
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
dYdX XLM-USD