Funding you earn now, next payment 01:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.042%
Price spread now: Kraken Futures against Phemex−0.004%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$520.520% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.004%, 7d avg +0.012%
=The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XLMUSDT | 0.2151 | 0.0195 | pay 0.0195% / 8h | 7h 47m | $9.0M | $9.1M | 50x |
| Short | Kraken Futures PF_XLMUSD | 0.2151 | 0.0184 | get 0.0023% / 1h | 47m 23s | $2.6M | $2.6M | 50x |
Phemex XLMUSDT
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Phemex. 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
- −$2.31
- Price spread: −0.004% → +0.012%
- −$1.66
- Slippage, 4 orders
- −$29.99
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$55.96
- Costs to cover
- 0.520%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 2 min ago | 3.02 bp | 11.6 bp −$12 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 4.88 bp | 17.0 bp −$17 | 24.0 bp −$240 | 117.4 bp −$11.7K | 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 | 0.2157 | +0.298% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2150 | −0.047% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0056% | 1h | 0.2152 | +0.049% | $23K | $3K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2154 | +0.177% | $398K | $837K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2153 | +0.125% | $577K | $688K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2150 | −0.028% | $55.5M | $151.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2150 | −0.046% | $43.8M | $44.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2149 | −0.074% | $13.0M | $41.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2151 | +0.033% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2150 | −0.051% | $25.0M | $26.2M | 300x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2149 | −0.079% | $14.3M | $10.3M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2149 | −0.074% | $25.5M | $19.5M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2149 | −0.056% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2151 | +0.009% | $89K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2158 | +0.352% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2154 | +0.144% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2153 | +0.130% | $596K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2154 | +0.144% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2151 | +0.019% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2150 | −0.023% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2150 | −0.028% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2150 | −0.009% | $198K | $257K | 20x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2151 | +0.004% | $194K | $1.6M | 10x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0184% | 1h | 0.2151 | −0.004% | $2.6M | $2.6M | 50x | |
| Phemex XLMUSDTlong | +0.0195% | 8h | 0.2151 | long leg | $9.0M | $9.1M | 50x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2154 | +0.153% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2154 | +0.167% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0315% / S −0.0167% | 1h | 0.2149 | −0.078% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0352% | 1h | 0.2152 | +0.066% | $12.4M | $6.2M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0448% | 1h | 0.2151 | +0.037% | $534K | $162K | 25x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2152 | +0.084% | $228K | $1.5M | 50x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
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
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL
Coinbase International XLM-PERP-INTX