Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.059%

Price spread now: MEXC against Kraken Futures+0.025%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.025%, 7d avg −0.014%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.039% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.014%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XLMUSD	0.2099	0.0213	pay 0.0027% / 1h	43m 10s	$2.6M	$2.5M	50x
Short	MEXC XLM_USDT	0.2100	0.0100	get 0.0100% / 8h	4h 43m	$23.6M	$27.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$23.77
Price spread: +0.025% → −0.014%: $3.9
Slippage, 4 orders: −$17.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$47.03
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; MEXC: 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 Kraken Futures live order book, 4 min ago	3.58 bp	11.2 bp −$11	22.0 bp −$220	113.1 bp −$11.3K	doesn't fit
Sell MEXC live order book, 4 min ago	0.48 bp	3.5 bp −$4	9.5 bp −$95	29.3 bp −$2,925	99.6 bp −$49.8K

XLM on 31 exchanges

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
Backpack XLM_USDC_PERP	−0.0071%	1h	0.2096	−0.156%	$118K	$300K	20x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2096	−0.152%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+1.216%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2100	+0.044%	$352K	$736K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2099	−0.032%	$556K	$357K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2100	+0.016%	$54.2M	$140.1M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2099	−0.032%	$43.3M	$40.6M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2099	−0.013%	$12.2M	$41.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2097	−0.113%	$3.9M	$6.4M	75x	as long as short
MEXC XLM_USDTshort	+0.0100%	8h	0.2100	+0.025%	$23.6M	$27.1M	300x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLMUSDTM	+0.0100%	8h	0.2099	−0.003%	$13.9M	$8.4M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2099	−0.018%	$25.7M	$21.1M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2097	−0.094%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2092	−0.357%	$250K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2095	−0.200%	$11K	$312K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2097	−0.127%	$584K	$508K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2094	−0.251%	$168K	$251K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2098	−0.070%	$3K	$247	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2097	−0.141%	$1K	$1.3M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2099	−0.027%	$572	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2098	−0.060%	$189K	$238K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2100	+0.011%	$8.5M	$8.3M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2098	−0.075%	$187K	$608K	10x	as long as short
Phoenix XLM	+0.0152%	1h	0.2097	−0.141%	$4K	$45K	5x	as long as short
Kraken Futures PF_XLMUSDlong	+0.0213%	1h	0.2099	long leg	$2.6M	$2.5M	50x
BloFin XLM-USDT	+0.0220%	8h	0.2098	−0.060%	$2.3M	$5.1M	75x	as long as short
Hyperliquid XLM	+0.0225%	1h	0.2099	−0.027%	$12.1M	$5.5M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0368%	1h	0.2100	+0.006%	$200K	$1.3M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0509% / S −0.0245%	1h	0.2097	−0.141%	$39K	—	100x	as long as short
dYdX XLM-USD	+0.0592%	1h	0.2096	−0.153%	$26K	$5K	10x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0942%	1h	0.2100	+0.020%	$520K	$104K	25x	as long as short