Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0312%/8h= +34.1% APRpaid last 24h +0.041%

Price spread now: Kraken Futures against HTX−0.057%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1151.151% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 3 days (all we have)+0.121%+$12 · spread now −0.057%, 7d avg +0.014%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.071% cheaper against HTX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.014%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.222%, 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	HTX XLM-USDT	0.2167	0.0100	pay 0.0100% / 8h	39m 47s	$200K	$261K	20x
Short	Kraken Futures PF_XLMUSD	0.2166	0.0412	get 0.0051% / 1h	39m 47s	$2.6M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.057%Rate

Funding earned: $65.45
Price spread: −0.057% → +0.014%: −$7.11
Slippage, 4 orders: −$93.13
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$56.79
Costs to cover: 1.151%
Break-even: 13.1 days

Slippage from HTX: live order book, 37 min ago; Kraken Futures: live order book, 4 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 HTX live order book, 37 min ago	26.59 bp	51.8 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	5.31 bp	15.5 bp −$16	24.3 bp −$243	106.3 bp −$10.6K	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
Injective XLM/USDC PERP	−0.5000%	1h	0.2037	−5.999%	$5K	$238K	12x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2165	−0.086%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0049%	1h	0.2166	−0.056%	$24K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2169	+0.090%	$581K	$752K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2167	−0.005%	$56.0M	$150.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2166	−0.060%	$44.0M	$43.9M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2165	−0.102%	$13.1M	$41.8M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2166	−0.060%	$4.1M	$6.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2167	+0.014%	$25.6M	$26.0M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2166	−0.051%	$14.5M	$10.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2167	+0.005%	$25.8M	$19.3M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2166	−0.046%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2166	−0.051%	$94K	$266K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2168	+0.057%	$257K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2173	+0.280%	$12K	$302K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2167	+0.008%	$600K	$613K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2171	+0.203%	$174K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2165	−0.092%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2164	−0.157%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2165	−0.069%	$2K	$6K	5x	as long as short
HTX XLM-USDTlong	+0.0100%	8h	0.2167	long leg	$200K	$261K	20x
Phemex XLMUSDT	+0.0100%	8h	0.2166	−0.032%	$9.1M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2166	−0.045%	$194K	$1.6M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2170	+0.120%	$2.3M	$5.6M	75x	as long as short
Phoenix XLM	+0.0222%	1h	0.2167	−0.014%	$5K	$42K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0316% / S −0.0167%	1h	0.2165	−0.092%	$45K	—	100x	as long as short
Kraken Futures PF_XLMUSDshort	+0.0412%	1h	0.2166	−0.057%	$2.6M	$2.6M	50x
Coinbase International XLM-PERP-INTX	+0.0448%	1h	0.2171	+0.189%	$234K	$1.5M	50x	as long as short
Hyperliquid XLM	+0.0529%	1h	0.2169	+0.088%	$12.3M	$6.1M	5x	as long as short
Lighter XLM	+0.0584%	1h	0.2170	+0.134%	$420K	$809K	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0766%	1h	0.2167	+0.009%	$538K	$160K	25x	as long as short