Funding you earn now, next payment 05:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.050%
Price spread now: Bitget against Kraken Futures+0.031%48s7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.592% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.031%, 7d avg −0.030%
=The price spread pays, funding is against you. Bitget is 0.062% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.030%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XLMUSD | 0.2143 | 0.0185 | pay 0.0023% / 1h | 46m 20s | $2.6M | $2.7M | 50x |
| Short | Bitget XLMUSDT | 0.2143 | 0.0100 | get 0.0100% / 8h | 3h 46m | $25.9M | $21.9M | 75x |
Kraken Futures PF_XLMUSD
Bitget XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$17.78
- Price spread: +0.031% → −0.030%
- $6.15
- Slippage, 4 orders
- −$37.23
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$70.86
- Costs to cover
- 0.592%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago | 4.43 bp | 19.9 bp −$20 | 27.7 bp −$277 | 112.2 bp −$11.2K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.23 bp | 12.5 bp −$12 | 24.6 bp −$246 | 56.9 bp −$5,694 | 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 | 0.2142 | −0.018% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.823% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2145 | +0.129% | $377K | $969K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2142 | −0.016% | $570K | $622K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2144 | +0.053% | $55.0M | $156.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2143 | +0.017% | $43.4M | $46.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2143 | +0.027% | $12.6M | $43.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2143 | +0.008% | $4.0M | $6.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2144 | +0.064% | $23.9M | $26.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2142 | −0.006% | $14.1M | $9.5M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
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 XLMUSDTshort | +0.0100% | 8h | 0.2143 | +0.031% | $25.9M | $21.9M | 75x | |
| BingX XLM-USDC | +0.0100% | 8h | 0.2144 | +0.045% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2146 | +0.163% | $257K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2145 | +0.128% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2144 | +0.083% | $601K | $618K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2143 | +0.017% | $172K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2144 | +0.064% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2140 | −0.104% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2143 | +0.013% | $584 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2144 | +0.073% | $198K | $254K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2143 | +0.027% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2141 | −0.058% | $191K | $1.8M | 10x | as long as short |
| dYdX XLM-USD | +0.0155% | 1h | 0.2142 | −0.033% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0185% | 1h | 0.2143 | long leg | $2.6M | $2.7M | 50x | |
| Hyperliquid XLM | +0.0216% | 1h | 0.2145 | +0.111% | $12.3M | $6.3M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2144 | +0.045% | $2.3M | $5.3M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2145 | +0.129% | $5K | $46K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2148 | +0.260% | $249K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0520% / S −0.0247% | 1h | 0.2143 | −0.002% | $40K | — | 100x | as long as short |
| Backpack XLM_USDC_PERP | +0.0693% | 1h | 0.2143 | +0.017% | $128K | $293K | 20x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0917% | 1h | 0.2144 | +0.078% | $532K | $154K | 25x | as long as short |
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
dYdX XLM-USD
Hyperliquid XLM
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Backpack XLM_USDC_PERP
Deribit XLM_USDC-PERPETUAL