Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit−0.014%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.014%, 7d avg +0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.049% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XLMUSDT | 0.2119 | 0.0100 | pay 0.0100% / 8h | 2h 13m | $42.9M | $47.5M | 75x |
| Short | Phemex XLMUSDT | 0.2119 | 0.0100 | get 0.0100% / 8h | 2h 13m | $8.8M | $9.0M | 50x |
Bybit XLMUSDT
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- $0
- Price spread: −0.014% → +0.035%
- −$4.89
- Slippage, 4 orders
- −$16.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$44.15
- Costs to cover
- 0.393%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Phemex: live order book, 6 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 Bybit live order book, 1 min ago | 2.36 bp | 11.3 bp −$11 | 16.7 bp −$167 | 67.7 bp −$6,766 | doesn't fit |
| Sell Phemex live order book, 6 min ago | 1.89 bp | 10.4 bp −$10 | 19.1 bp −$191 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2119 | −0.032% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.274% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2122 | +0.123% | $355K | $995K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2120 | +0.025% | $562K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2120 | +0.047% | $54.4M | $162.1M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2119 | long leg | $42.9M | $47.5M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2119 | +0.014% | $12.2M | $44.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2119 | +0.009% | $4.0M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2119 | +0.014% | $24.2M | $28.5M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2120 | +0.019% | $13.9M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2120 | +0.019% | $25.5M | $22.8M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2120 | +0.028% | — | $7.4M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2121 | +0.066% | $131K | $315K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2111 | −0.380% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | −0.232% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2115 | −0.179% | $586K | $603K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2114 | −0.245% | $169K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2119 | −0.009% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2118 | −0.066% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2119 | −0.005% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.009% | $195K | $251K | 20x | as long as short |
| Phemex XLMUSDTshort | +0.0100% | 8h | 0.2119 | −0.014% | $8.8M | $9.0M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2119 | +0.009% | $189K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0143% | 1h | 0.2119 | +0.010% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0181% | 1h | 0.2122 | +0.118% | $12.1M | $6.6M | 5x | as long as short |
| dYdX XLM-USD | +0.0198% | 1h | 0.2118 | −0.074% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2120 | +0.038% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2115 | −0.179% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2117 | −0.085% | $226K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0228% | 1h | 0.2118 | −0.042% | $41K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0977% | 1h | 0.2121 | +0.090% | $526K | $164K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Kraken Futures PF_XLMUSD
Hyperliquid XLM
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL