Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.042%

Price spread now: Kraken Futures against Variational Omni−0.289%7-day average +0.071% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.052%+$5 on $10k

Price spread, last 3 days (all we have)+0.434%+$43 · spread now −0.289%, 7d avg +0.071%

Together, before fees+0.486%+ Points / potential airdropVariational Omni: Active · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.360% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.289% now, against its 7-day average of +0.071%). If the spread goes back, that is −$36 on $10k: about 14 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XLM	0.2158	0.0100	pay 0.0100% / 8h	7h 49m	$285K	$1.3M	—
Short	Kraken Futures PF_XLMUSD	0.2152	0.0184	get 0.0023% / 1h	49m 22s	$2.6M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.289%Rate

Funding earned: $17.57
Price spread: −0.289% → +0.071%: −$36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$28.43
Costs to cover: 0.100%
Break-even: 18.3 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Kraken Futures: live order book, 4 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 5 min ago	6.94 bp	doesn't fit	16.2 bp −$162	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.63 bp	13.0 bp −$13	25.3 bp −$253	74.6 bp −$7,458	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	−0.054%	$736	$241K	12x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2152	−0.277%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0054%	1h	0.2154	−0.216%	$23K	$3K	10x	as long as short
Lighter XLM	+0.0096%	1h	0.2156	−0.100%	$398K	$837K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2156	−0.087%	$578K	$688K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2153	−0.225%	$55.5M	$151.3M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2153	−0.221%	$43.9M	$44.3M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2153	−0.230%	$13.0M	$41.5M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2153	−0.249%	$4.1M	$6.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2154	−0.216%	$24.8M	$26.1M	300x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLMUSDTM	+0.0100%	8h	0.2153	−0.230%	$14.3M	$10.3M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2153	−0.225%	$25.6M	$19.5M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2153	−0.249%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2152	−0.290%	$89K	$269K	20x	as long as short
Variational Omni XLMlong	+0.0100%	8h	0.2158	long leg	$285K	$1.3M	—
edgeX XLMUSDC	+0.0100%	4h	0.2160	+0.104%	$12K	$301K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2164	+0.273%	$599K	$604K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2159	+0.039%	$173K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2152	−0.286%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2155	−0.161%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2151	−0.313%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2152	−0.267%	$199K	$257K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2152	−0.267%	$9.0M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2153	−0.229%	$196K	$1.6M	10x	as long as short
Kraken Futures PF_XLMUSDshort	+0.0184%	1h	0.2152	−0.289%	$2.6M	$2.6M	50x
BloFin XLM-USDT	+0.0220%	8h	0.2159	+0.039%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0223%	1h	0.2162	+0.201%	$5K	$42K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0316% / S −0.0167%	1h	0.2152	−0.280%	$45K	—	100x	as long as short
Hyperliquid XLM	+0.0324%	1h	0.2156	−0.091%	$12.5M	$6.2M	5x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0448%	1h	0.2152	−0.295%	$534K	$162K	25x	as long as short
Coinbase International XLM-PERP-INTX	+0.0448%	1h	0.2162	+0.164%	$228K	$1.5M	50x	as long as short