Funding you earn now, next payment 08:00 UTC−0.0454%/8h= −49.7% APRnext payment −$0.57 per $10,000 · paid last 24h +0.050%
Price spread now: Lighter against Kraken Futures+0.078%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$630.629% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.078%, 7d avg +0.087%
=Together, before fees+0.282%+ Points / potential airdropLighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.242%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.242% in total (about 12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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 | Kraken Futures PF_XLMUSD | 0.2120 | 0.0550 | pay 0.0069% / 1h | 7m 53s | $2.6M | $2.6M | 50x |
| Short | Lighter XLM | 0.2122 | 0.0096 | get 0.0012% / 1h | 7m 53s | $366K | $944K | 5x |
Kraken Futures PF_XLMUSD
Lighter XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$95.29
- Price spread: +0.078% → +0.087%
- −$0.83
- Slippage, 4 orders
- −$52.89
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$159.01
- Costs to cover
- 0.629%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Lighter: live order book, 27 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, 1 min ago | 3.54 bp | 11.2 bp −$11 | 16.2 bp −$162 | 76.8 bp −$7,677 | doesn't fit |
| Sell Lighter live order book, 27 min ago | 5.43 bp | 16.5 bp −$17 | 57.8 bp −$578 | 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 | 0.2120 | −0.012% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.243% | $683 | $241K | 12x | as long as short |
| Lighter XLMshort | +0.0096% | 1h | 0.2122 | +0.078% | $366K | $944K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2119 | −0.022% | $562K | $585K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2118 | −0.077% | $54.9M | $159.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2117 | −0.115% | $43.3M | $46.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2117 | −0.115% | $12.1M | $44.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2119 | −0.063% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2118 | −0.082% | $24.5M | $29.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2118 | −0.082% | $14.0M | $9.2M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
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 | 0.2117 | −0.139% | $25.6M | $22.8M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2118 | −0.082% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2119 | −0.028% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2122 | +0.087% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2122 | +0.098% | $586K | $562K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2122 | +0.088% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2121 | +0.055% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2116 | −0.162% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2119 | −0.021% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2122 | +0.088% | $196K | $220K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2120 | +0.026% | $8.7M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2119 | −0.051% | $189K | $1.2M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0125% | 1h | 0.2120 | +0.008% | $130K | $342K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2121 | +0.045% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2123 | +0.144% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0274% | 1h | 0.2120 | +0.016% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2122 | +0.121% | $215K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2119 | −0.032% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0550% | 1h | 0.2120 | long leg | $2.6M | $2.6M | 50x | |
| Hyperliquid XLM | +0.0598% | 1h | 0.2120 | +0.012% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0741% | 1h | 0.2122 | +0.093% | $526K | $172K | 25x | as long as short |
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
Deribit XLM_USDC-PERPETUAL