Settings8H · net · $10k
Funding arb · Price arb /

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.049%
Price spread now: Kraken Futures against Bitget+0.041%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$440.442% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.109%−$11 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.041%, 7d avg +0.027%
Together, before fees−0.147%−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XLMUSDT0.21280.0100pay 0.0100% / 8h2h 02m$25.6M$23.0M75x
ShortKraken Futures PF_XLMUSD0.21290.0142get 0.0018% / 1h2m 59s$2.6M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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

Funding earned
$8.83
Price spread: +0.041% → +0.027%
$1.44
Slippage, 4 orders
−$22.24
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$33.98
Costs to cover
0.442%
Break-even
33.9 days
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago0.47 bp9.1 bp −$920.0 bp −$200doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago4.70 bp13.0 bp −$1324.9 bp −$249171.2 bp −$17.1Kdoesn't fit

XLM on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2126−0.075%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125−0.136%$683$241K12xas long as short
Lighter XLM+0.0096%1h0.2130+0.117%$357K$997K5xas long as short
Aster XLMUSDT+0.0100%8h0.2128+0.002%$564K$634K75xas long as short
Binance XLMUSDT+0.0100%8h0.2129+0.044%$54.7M$162.4M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2127−0.042%$43.1M$47.6M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2128+0.009%$12.3M$44.6M50xas long as short
Gate XLM_USDT+0.0100%8h0.2128−0.005%$4.0M$7.8M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2129+0.052%$24.6M$28.7M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2129+0.038%$13.9M$9.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDTlong+0.0100%8h0.2128long leg$25.6M$23.0M75x
BingX XLM-USDT+0.0100%8h0.2128+0.005%$7.4Mas long as short
Variational Omni XLM+0.0100%8h0.2130+0.105%$254K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2130+0.109%$12K$307K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2130+0.085%$590K$602K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2130+0.075%$171K$264K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2128+0.005%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2125−0.136%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2128+0.019%$580$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2129+0.052%$196K$252K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2129+0.061%$8.8M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2128+0.004%$190K$1.8M10xas long as short
Kraken Futures PF_XLMUSDshort+0.0142%1h0.2129+0.041%$2.6M$2.7M50x
Backpack XLM_USDC_PERP+0.0170%1h0.2129+0.038%$117K$322K20xas long as short
Hyperliquid XLM+0.0208%1h0.2130+0.099%$12.1M$6.6M5xas long as short
BloFin XLM-USDT+0.0220%8h0.2129+0.070%$2.3M$5.6M75xas long as short
Phoenix XLM+0.0226%1h0.2130+0.094%$4K$49K5xas long as short
dYdX XLM-USD+0.0253%1h0.2127−0.021%$23K$2K10xas long as short
Coinbase International XLM-PERP-INTX+0.0456%1h0.2131+0.132%$223K$1.7M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0518% / S −0.0247%1h0.2126−0.090%$39K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.0737%1h0.2129+0.056%$528K$167K25xas long as short