Funding you earn now, next payment 08:00 UTC+0.0333%/8h= +36.5% APRnext payment +$0.42 per $10,000 · paid last 24h +0.105%
Price spread now: Deribit against Kraken Futures−0.001%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 7 days+0.308%+$31 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.001%, 7d avg +0.045%
=Funding pays, the price is against you. Deribit is 0.046% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.045%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.308% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XLMUSD | 0.2123 | 0.0549 | pay 0.0069% / 1h | 49m 58s | $2.6M | $2.7M | 50x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2123 | 0.0882 | get 0.0110% / 1h | 49m 58s | $526K | $172K | 25x |
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $69.95
- Price spread: −0.001% → +0.045%
- −$4.59
- Slippage, 4 orders
- −$19.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $28.53
- Costs to cover
- 0.368%
- Break-even
- 4.1 days
Slippage from Kraken Futures: live order book, 4 min ago; Deribit: live order book, 54 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, 4 min ago | 3.77 bp | 11.5 bp −$12 | 20.9 bp −$209 | 73.9 bp −$7,389 | doesn't fit |
| Sell Deribit live order book, 54 min ago | 2.59 bp | 6.1 bp −$6 | 14.4 bp −$144 | 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 | −0.168% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.088% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2125 | +0.069% | $366K | $941K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2124 | +0.055% | $564K | $615K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2125 | +0.075% | $54.5M | $162.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2122 | −0.053% | $43.1M | $47.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2123 | +0.003% | $12.2M | $44.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2122 | −0.072% | $4.0M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2124 | +0.041% | $24.4M | $28.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2122 | −0.030% | $14.0M | $9.4M | 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 XLMUSDT | +0.0100% | 8h | 0.2123 | −0.015% | $25.5M | $22.7M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2124 | +0.027% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2120 | −0.143% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | −0.137% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2123 | −0.018% | $595K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2119 | −0.218% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2121 | −0.100% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2122 | −0.044% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2122 | −0.030% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2121 | −0.095% | $195K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2123 | +0.003% | $8.7M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2123 | +0.013% | $190K | $1.4M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2122 | −0.058% | $2.3M | $5.5M | 75x | as long as short |
| Backpack XLM_USDC_PERP | +0.0256% | 1h | 0.2123 | −0.001% | $130K | $347K | 20x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2123 | +0.003% | $4K | $50K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2115 | −0.373% | $220K | $1.6M | 50x | as long as short |
| dYdX XLM-USD | +0.0381% | 1h | 0.2123 | −0.025% | $23K | $2K | 10x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2120 | −0.165% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0549% | 1h | 0.2123 | long leg | $2.6M | $2.7M | 50x | |
| Hyperliquid XLM | +0.0640% | 1h | 0.2126 | +0.113% | $12.1M | $6.5M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0882% | 1h | 0.2123 | −0.001% | $526K | $172K | 25x |
Bitget XLMUSDT
BingX XLM-USDT
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
BloFin XLM-USDT
Backpack XLM_USDC_PERP
Phoenix XLM
Coinbase International XLM-PERP-INTX
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM