XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0601%/8h= −65.8% APRnext payment −$0.75 per $10,000 · paid last 24h −0.095%

Price spread now: Kraken Futures against Deribit−0.052%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.299%−$30 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.052%, 7d avg −0.045%

Together, before fees−0.284%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.299% in total (about -15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.75 per $10,000. 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	Deribit XLM_USDC-PERPETUAL	0.2114	0.0744	pay 0.0093% / 1h	44m 29s	$524K	$163K	25x
Short	Kraken Futures PF_XLMUSD	0.2113	0.0143	get 0.0018% / 1h	44m 29s	$2.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$126.19
Price spread: −0.052% → −0.045%: −$0.77
Slippage, 4 orders: −$25.04
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$169
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Deribit: 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 Deribit live order book, 4 min ago	3.77 bp	7.3 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.83 bp	14.5 bp −$15	28.7 bp −$287	84.0 bp −$8,396	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	0.2112	−0.071%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.520%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2116	+0.099%	$355K	$981K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2113	−0.039%	$561K	$625K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2113	−0.042%	$54.0M	$159.6M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2112	−0.114%	$42.8M	$46.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2112	−0.071%	$12.4M	$43.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2113	−0.057%	$4.1M	$7.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2114	0.000%	$24.7M	$27.8M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2113	−0.043%	$13.9M	$9.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2112	−0.090%	$25.4M	$22.5M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2113	−0.052%	—	$7.3M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2113	−0.038%	$124K	$296K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2112	−0.088%	$252K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2117	+0.136%	$12K	$308K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2115	+0.067%	$593K	$608K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2115	+0.047%	$169K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2113	−0.047%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2112	−0.109%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2112	−0.071%	$575	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2114	+0.009%	$195K	$250K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2113	−0.052%	$8.8M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2112	−0.071%	$189K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSDshort	+0.0143%	1h	0.2113	−0.052%	$2.6M	$2.7M	50x
Hyperliquid XLM	+0.0199%	1h	0.2114	+0.019%	$12.1M	$6.4M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2113	−0.043%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0226%	1h	0.2117	+0.156%	$4K	$49K	5x	as long as short
dYdX XLM-USD	+0.0260%	1h	0.2113	−0.065%	$23K	$2K	10x	as long as short
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2115	+0.057%	$227K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0516% / S −0.0247%	1h	0.2113	−0.061%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUALlong	+0.0744%	1h	0.2114	long leg	$524K	$163K	25x