Funding you earn now, next payment 04:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h −0.063%
Price spread now: Kraken Futures against Lighter−0.099%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$630.626% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 4 days (all we have)−0.233%−$23 · spread now −0.099%, 7d avg −0.081%
=Together, before fees−0.506%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.081%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.273%, 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 | Lighter XLM | 0.2129 | 0.0096 | pay 0.0012% / 1h | 5m 50s | $368K | $967K | 5x |
| Short | Kraken Futures PF_XLMUSD | 0.2127 | 0.0265 | get 0.0033% / 1h | 5m 50s | $2.6M | $2.6M | 50x |
Lighter XLM
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Lighter. 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
- $35.53
- Price spread: −0.099% → −0.081%
- −$1.77
- Slippage, 4 orders
- −$52.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$28.85
- Costs to cover
- 0.626%
- Break-even
- 12.7 days
Slippage from Lighter: live order book, 49 min ago; Kraken Futures: live order book, 3 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 Lighter live order book, 49 min ago | 6.10 bp | 18.4 bp −$18 | 51.6 bp −$516 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 4.46 bp | 13.1 bp −$13 | 20.7 bp −$207 | 127.7 bp −$12.8K | 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 | 0.2126 | −0.168% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.202% | $683 | $241K | 12x | as long as short |
| Lighter XLMlong | +0.0096% | 1h | 0.2129 | long leg | $368K | $967K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2126 | −0.144% | $565K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2127 | −0.089% | $54.5M | $155.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2127 | −0.108% | $42.9M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2127 | −0.099% | $12.4M | $42.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2126 | −0.136% | $4.0M | $6.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2127 | −0.117% | $23.8M | $27.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2126 | −0.136% | $14.0M | $9.6M | 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 | 0.2127 | −0.113% | $25.6M | $21.4M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2127 | −0.131% | — | $7.3M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2127 | −0.122% | $125K | $290K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2126 | −0.149% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2135 | +0.245% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2134 | +0.230% | $590K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2133 | +0.193% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2127 | −0.108% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2125 | −0.216% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2127 | −0.099% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2127 | −0.089% | $196K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | −0.108% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2126 | −0.141% | $192K | $1.8M | 10x | as long as short |
| Hyperliquid XLM | +0.0201% | 1h | 0.2129 | −0.023% | $12.3M | $6.3M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2129 | −0.019% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2135 | +0.272% | $5K | $46K | 5x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0265% | 1h | 0.2127 | −0.099% | $2.6M | $2.6M | 50x | |
| dYdX XLM-USD | +0.0269% | 1h | 0.2126 | −0.168% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0480% | 1h | 0.2135 | +0.254% | $236K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2126 | −0.160% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0785% | 1h | 0.2128 | −0.047% | $528K | $153K | 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
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL