Funding you earn now, next payment 08:00 UTC+0.0426%/8h= +46.6% APRnext payment +$0.53 per $10,000 · paid last 24h +0.105%
Price spread now: Deribit against Kraken Futures+0.065%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 7 days+0.308%+$31 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.065%, 7d avg +0.045%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.021% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XLMUSD | 0.2126 | 0.0548 | pay 0.0069% / 1h | 10m 09s | $2.6M | $2.6M | 50x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2127 | 0.0974 | get 0.0122% / 1h | 10m 09s | $527K | $172K | 25x |
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Kraken Futures. 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
- $89.4
- Price spread: +0.065% → +0.045%
- $2.07
- Slippage, 4 orders
- −$23.57
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $50.9
- Costs to cover
- 0.406%
- Break-even
- 3.0 days
Slippage from Kraken Futures: live order book, 3 min ago; Deribit: live order book, 29 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 Kraken Futures live order book, 3 min ago | 3.77 bp | 10.6 bp −$11 | 18.4 bp −$184 | 77.2 bp −$7,722 | doesn't fit |
| Sell Deribit live order book, 29 min ago | 4.01 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | 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 | −0.071% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.024% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2128 | +0.103% | $367K | $944K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2124 | −0.079% | $563K | $596K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2125 | −0.001% | $54.4M | $158.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2124 | −0.066% | $43.1M | $46.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2124 | −0.052% | $12.2M | $44.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2125 | −0.038% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2126 | +0.014% | $24.6M | $29.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2125 | −0.038% | $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 | 0.2124 | −0.062% | $25.6M | $22.6M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2124 | −0.062% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2119 | −0.295% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | −0.253% | $12K | $310K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2124 | −0.089% | $587K | $562K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2122 | −0.146% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2126 | +0.023% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2122 | −0.170% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2125 | −0.001% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2125 | −0.019% | $196K | $220K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2125 | −0.029% | $8.7M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2125 | −0.024% | $189K | $1.2M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0127% | 1h | 0.2126 | +0.004% | $130K | $342K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2122 | −0.189% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2123 | −0.123% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0282% | 1h | 0.2121 | −0.226% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2114 | −0.546% | $219K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2124 | −0.082% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0548% | 1h | 0.2126 | long leg | $2.6M | $2.6M | 50x | |
| Hyperliquid XLM | +0.0602% | 1h | 0.2127 | +0.061% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0974% | 1h | 0.2127 | +0.065% | $527K | $172K | 25x |
Bitget XLMUSDT
BingX XLM-USDC
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
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM