Funding you earn now, next payment 02:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.012%
Price spread now: Phoenix against Binance+0.398%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.398% dearer against Binance than usual: you sell high and buy low: +$40 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XLMUSDT | 0.2119 | 0.0100 | pay 0.0100% / 8h | 5h 39m | $54.3M | $153.4M | 75x |
| Short | Phoenix XLM | 0.2128 | 0.0264 | get 0.0033% / 1h | 39m 05s | $5K | $46K | 5x |
Binance XLMUSDT
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $34.49
- Price spread: +0.398% → 0.000%
- $39.81
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $57.3
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 4 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 Binance live order book, 4 min ago | 0.23 bp | 7.4 bp −$7 | 11.8 bp −$118 | 29.8 bp −$2,980 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2118 | −0.039% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2121 | +0.063% | $356K | $901K | 5x | as long as short |
| Binance XLMUSDTlong | +0.0100% | 8h | 0.2119 | long leg | $54.3M | $153.4M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2118 | −0.041% | $42.9M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2119 | −0.022% | $12.5M | $41.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2118 | −0.041% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2119 | −0.022% | $23.8M | $26.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2118 | −0.055% | $14.0M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2119 | −0.008% | $25.5M | $20.8M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2119 | −0.022% | — | $6.7M | — | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2118 | −0.045% | $92K | $270K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2122 | +0.133% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2122 | +0.145% | $12K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2128 | +0.403% | $589K | $598K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2127 | +0.375% | $170K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2119 | −0.012% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2116 | −0.159% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2118 | −0.064% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2121 | +0.087% | $196K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2119 | −0.017% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2118 | −0.077% | $189K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0107% | 8h | 0.2120 | +0.044% | $564K | $624K | 75x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2120 | +0.054% | $2.3M | $4.9M | 75x | as long as short |
| dYdX XLM-USD | +0.0242% | 1h | 0.2120 | +0.020% | $23K | $2K | 10x | as long as short |
| Phoenix XLMshort | +0.0264% | 1h | 0.2128 | +0.398% | $5K | $46K | 5x | |
| Hyperliquid XLM | +0.0445% | 1h | 0.2121 | +0.096% | $12.3M | $6.1M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2126 | +0.332% | $232K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0464% | 1h | 0.2118 | −0.053% | $2.6M | $2.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2118 | −0.064% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0647% | 1h | 0.2120 | +0.030% | $526K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | +0.271% | $683 | $241K | 12x | as long as short |
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
Phemex XLMUSDT
Extended XLM-USD
Aster XLMUSDT
BloFin XLM-USDT
dYdX XLM-USD
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP