# XLM funding rates and arbitrage

Updated 2026-10-29 23:18 UTC · https://afterfees.xyz/coin/XLM

## Best XLM arbitrage after every cost

No XLM pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## XLM funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_XLMUSD | 0.0051% | 1 h | +45.1% | +3.6% | $3.1M | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | XLMUSDT | 0.0166% | 8 h | +18.2% | +5.6% | — | 2026-10-30 00:00 |
| [Extended](https://afterfees.xyz/venues/extended) | XLM-USD | 0.0013% | 1 h | +11.4% | +11.4% | $342.3K | 2026-10-30 00:00 |
| [PopDEX](https://afterfees.xyz/venues/popdex) | XLMUSDT | 0.0013% | 1 h | +10.9% | +11.0% | — | 2026-10-30 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | XLM_PERP | 0.0100% | 8 h | +10.9% | +11.0% | $7.6M | 2026-10-30 00:00 |
| [Backpack](https://afterfees.xyz/venues/backpack) | XLM_USDC_PERP | 0.0013% | 1 h | +10.9% | +8.1% | $75.4K | 2026-10-30 00:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | XLM | 0.0012% | 1 h | +10.5% | +10.6% | $224.7K | 2026-10-30 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | XLMUSDTM | 0.0075% | 8 h | +8.2% | +3.9% | $10.9M | 2026-10-30 00:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | XLM_USDT_Perp | 0.0050% | 8 h | +5.5% | +11.0% | $455.6K | 2026-10-30 00:00 |
| [HTX](https://afterfees.xyz/venues/htx) | XLM-USDT | 0.0010% | 8 h | +1.1% | −5.0% | $116K | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | XLM-USDT | 0.0007% | 8 h | +0.8% | +8.9% | $3.2M | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | XLMUSDT | 0.0005% | 8 h | +0.5% | +4.8% | $19.2M | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | XLM-PERP | 0.0003% | 8 h | +0.3% | — | $187.3K | 2026-10-30 00:00 |
| [Bitfinex](https://afterfees.xyz/venues/bitfinex) | tXLMF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $71.6K | 2026-10-30 00:00 |
| [dYdX](https://afterfees.xyz/venues/dydx) | XLM-USD | 0.0000% | 1 h | 0.0% | +0.0% | $17K | 2026-10-30 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | XLM-USDT-SWAP | -0.0022% | 8 h | −2.4% | +2.5% | $8.7M | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | XLMUSDT | -0.0038% | 8 h | −4.1% | +4.9% | $33.5M | 2026-10-30 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | XLM | -0.0005% | 1 h | −4.3% | +4.9% | $10M | 2026-10-30 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | XLMUSD-PERP | -0.0005% | 1 h | −4.7% | −3.5% | $52.1K | 2026-10-30 00:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | XLM-USDT | -0.0048% | 8 h | −5.2% | +12.7% | $1.3M | 2026-10-30 00:00 |
| [Coinbase Derivatives](https://afterfees.xyz/venues/coinbaseus) | XLP-20DEC30-CDE | -0.0010% | 1 h | −8.8% | — | $3.8M | 2026-10-30 00:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | XLM-USDT | -0.0011% | 1 h | −9.4% | +9.9% | $131.6K | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | XLM_USDT | -0.0108% | 8 h | −11.8% | +1.3% | $12.3M | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | XLMUSDT | -0.0142% | 8 h | −15.6% | +8.4% | $750.4K | 2026-10-30 00:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | XLM | -0.0018% | 1 h | −16.0% | −13.5% | — | 2026-10-30 00:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | XLMUSDT | -0.0150% | 8 h | −16.4% | — | $4.8M | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | XLM_USDT | -0.0167% | 8 h | −18.3% | +1.0% | $17.4M | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | XLMUSDT | -0.0167% | 8 h | −18.3% | +1.0% | $32M | 2026-10-30 00:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_XLM_USDT | -0.0168% | 8 h | −18.3% | +1.0% | $3.9K | 2026-10-30 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | XLMUSDT | -0.0168% | 8 h | −18.3% | — | — | 2026-10-30 00:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | XLM-USDC | -0.0062% | 1 h | −53.9% | — | $124.3K | 2026-10-29 23:00 |

## Borrow XLM to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 2.67% | — |
| Bybit | 3.41% | — |
| Binance | 5.01% | — |
| Gate | 7.87% | $120K |
| OKX | 12.70% | — |

## Cost to enter $10,000 of XLM

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Binance | XLMUSDT | 6.3 bp | live order book |
| MEXC | XLM_USDT | 6.4 bp | live order book |
| BingX | XLM-USDT | 6.8 bp | live order book |
| BloFin | XLM-USDT | 7.9 bp | live order book |
| Backpack | XLM_USDC_PERP | 8.4 bp * | order-book snapshot, 41 min old |
| Bybit | XLMUSDT | 8.5 bp | live order book |
| Kraken | PF_XLMUSD | 8.8 bp | live order book |
| Bitget | XLMUSDT | 9.5 bp | live order book |
| OKX | XLM-USDT-SWAP | 10.8 bp | live order book |
| Gate | XLM_USDT | 15.4 bp | live order book |
| dYdX | XLM-USD | 40.8 bp | order-book snapshot, 48 min old |
| Lighter | XLM | 1.5 bp | top of book only |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account._

## More on XLM

- [Borrow XLM: rates on every exchange](https://afterfees.xyz/borrow/XLM)

## Questions

**Is XLM funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no XLM pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest XLM funding rate?**

Kraken at +45.1% a year (0.0051% every 1 h); the lowest is TXFlow at −53.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._