Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.9% APRnext payment +$0.22 per $10,000 · paid last 24h −0.043%
Price spread now: Kraken Futures against Coinbase International+0.549%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs+$10as in the Price arb table
costs, in and out, $10k−$510.511% of the position
Funding, last 7 days−0.332%−$33 on $10k
+Price spread, last 4 days (all we have)−0.557%−$56 · spread now +0.549%, 7d avg −0.062%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.612% dearer against Coinbase International than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of −0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.332%, 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 | Coinbase International XLM-PERP-INTX | 0.2114 | 0.0376 | pay 0.0047% / 1h | 9m 37s | $219K | $1.6M | 50x |
| Short | Kraken Futures PF_XLMUSD | 0.2126 | 0.0548 | get 0.0069% / 1h | 9m 37s | $2.6M | $2.6M | 50x |
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- $36.18
- Price spread: +0.549% → −0.062%
- $61.15
- Slippage, 4 orders
- −$31.14
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $46.2
- Costs to cover
- 0.511%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago | 3.06 bp | 12.9 bp −$13 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 3.77 bp | 14.9 bp −$15 | 24.8 bp −$248 | 86.3 bp −$8,626 | 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 | 0.2124 | +0.478% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.525% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2126 | +0.553% | $366K | $944K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2122 | +0.405% | $562K | $596K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2123 | +0.453% | $54.4M | $158.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2123 | +0.430% | $43.1M | $46.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2124 | +0.468% | $12.1M | $44.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2122 | +0.402% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2124 | +0.478% | $24.6M | $29.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2123 | +0.412% | $14.0M | $9.2M | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2123 | +0.430% | $25.6M | $22.6M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2123 | +0.445% | — | $7.4M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2119 | +0.252% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | +0.295% | $12K | $310K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2124 | +0.459% | $587K | $562K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2122 | +0.402% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2126 | +0.572% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2122 | +0.378% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2125 | +0.549% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2125 | +0.530% | $196K | $220K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2125 | +0.520% | $8.7M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2124 | +0.468% | $189K | $1.2M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0127% | 1h | 0.2126 | +0.553% | $130K | $342K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2122 | +0.360% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2123 | +0.426% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0279% | 1h | 0.2122 | +0.377% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0376% | 1h | 0.2114 | long leg | $219K | $1.6M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2124 | +0.466% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0548% | 1h | 0.2126 | +0.549% | $2.6M | $2.6M | 50x | |
| Hyperliquid XLM | +0.0602% | 1h | 0.2125 | +0.503% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0974% | 1h | 0.2127 | +0.615% | $527K | $172K | 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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL