XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h +0.002%

Price spread now: Phoenix against Backpack−0.028%80s7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.028% cheaper against Backpack than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XLM_USDC_PERP	0.2128	0.0100	pay 0.0013% / 1h	37m 59s	$101K	$222K	20x
Short	Phoenix XLM	0.2128	0.0187	get 0.0023% / 1h	37m 59s	$5K	$43K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Backpack. 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 BackpackbpFee PhoenixbpOrdersPrice spread, now −0.028%Rate

Funding earned: $18.18
Price spread: −0.028% → 0.000%: −$2.82
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$1.64
Costs to cover: 0.170%
Break-even: 7.6 days

Slippage unknown: Backpack: live order book, 50 min ago; Phoenix: no order-book sample. 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 Backpack live order book, 50 min ago	0.23 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX XLM-USD	0.0000%	1h	0.2124	−0.215%	$23K	$3K	10x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2126	−0.113%	$4K	—	150x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2127	−0.052%	$584K	$791K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2129	+0.047%	$54.9M	$144.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2129	+0.009%	$43.3M	$40.8M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2128	0.000%	$12.9M	$40.2M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2126	−0.127%	$3.9M	$5.9M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2128	+0.005%	$25.1M	$25.1M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2127	−0.085%	$14.2M	$10.3M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2129	+0.042%	$25.6M	$17.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDC	+0.0100%	8h	0.2127	−0.066%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERPlong	+0.0100%	1h	0.2128	long leg	$101K	$222K	20x
Variational Omni XLM	+0.0100%	8h	0.2129	+0.010%	$206K	$1.1M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2129	+0.023%	$11K	$298K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2128	−0.023%	$596K	$620K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2128	−0.005%	$171K	$255K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2126	−0.108%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2123	−0.268%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2127	−0.085%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2124	−0.183%	$198K	$267K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2128	−0.023%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2129	+0.056%	$191K	$1.6M	10x	as long as short
Phoenix XLMshort	+0.0187%	1h	0.2128	−0.028%	$5K	$43K	5x
Hyperliquid XLM	+0.0201%	1h	0.2130	+0.066%	$11.9M	$5.8M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2125	−0.174%	$2.3M	$6.2M	75x	as long as short
Injective XLM/USDC PERP	+0.0249%	1h	0.2127	−0.061%	$476	$154K	12x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0311% / S −0.0166%	1h	0.2126	−0.104%	$44K	—	100x	as long as short
Coinbase International XLM-PERP-INTX	+0.0408%	1h	0.2128	−0.014%	$228K	$1.5M	50x	as long as short
Kraken Futures PF_XLMUSD	+0.0555%	1h	0.2128	−0.028%	$2.5M	$2.6M	50x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0596%	1h	0.2128	0.000%	$528K	$168K	25x	as long as short
Lighter XLM	+0.0608%	1h	0.2132	+0.164%	$424K	$786K	5x	as long as short