Funding you earn now, next payment 06:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.230%
Price spread now: Injective against Kraken Futures+1.072%7-day average −0.167% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 4 days (all we have)−1.088%−$109 · spread now +1.072%, 7d avg −0.167%
=The price spread pays, funding is against you. Injective is 1.240% dearer against Kraken Futures than usual: you sell high and buy low (spread +1.072% now, against its 7-day average of −0.167%): +$124 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XLMUSD | 0.2102 | 0.0144 | pay 0.0018% / 1h | 25m 09s | $2.5M | $2.7M | 50x |
| Short | Injective XLM/USDC PERP | 0.2125 | 0.0033 | get 0.0004% / 1h | 25m 09s | $683 | $241K | 12x |
Kraken Futures PF_XLMUSD
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$23.2
- Price spread: +1.072% → −0.167%
- $123.96
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $90.74
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
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, 4 min ago | 5.01 bp | 16.0 bp −$16 | 24.3 bp −$243 | 95.9 bp −$9,586 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2103 | +0.012% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERPshort | +0.0033% | 1h | 0.2125 | +1.072% | $683 | $241K | 12x | |
| Lighter XLM | +0.0096% | 1h | 0.2106 | +0.154% | $352K | $991K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2100 | −0.120% | $556K | $630K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2101 | −0.055% | $53.7M | $161.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2100 | −0.122% | $42.3M | $47.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2101 | −0.088% | $12.2M | $43.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2100 | −0.093% | $3.9M | $7.6M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2101 | −0.065% | $24.1M | $28.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2103 | +0.040% | $13.7M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
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 | 0.2100 | −0.131% | $25.3M | $22.8M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2100 | −0.136% | — | $7.4M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2101 | −0.055% | $130K | $314K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2097 | −0.252% | $250K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2096 | −0.308% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2101 | −0.072% | $582K | $615K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2094 | −0.393% | $168K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2104 | +0.073% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2101 | −0.050% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2103 | +0.021% | $573 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2102 | −0.031% | $194K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2102 | −0.041% | $8.7M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2103 | +0.015% | $188K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0144% | 1h | 0.2102 | long leg | $2.5M | $2.7M | 50x | |
| Hyperliquid XLM | +0.0160% | 1h | 0.2101 | −0.050% | $11.9M | $6.5M | 5x | as long as short |
| dYdX XLM-USD | +0.0198% | 1h | 0.2101 | −0.090% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2102 | −0.036% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2097 | −0.269% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2094 | −0.393% | $223K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0228% | 1h | 0.2103 | +0.011% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1082% | 1h | 0.2105 | +0.135% | $522K | $163K | 25x | 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
Hyperliquid XLM
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL