Funding you earn now, next payment 02:00 UTC−0.0286%/8h= −31.3% APRnext payment −$0.36 per $10,000 · paid last 24h −0.121%
Price spread now: Phoenix against Deribit−0.249%70s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$9 a day on $10k at the current rate, and Phoenix is 0.249% cheaper against Deribit than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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 | Deribit XLM_USDC-PERPETUAL | 0.2127 | 0.0550 | pay 0.0069% / 1h | 34m 13s | $528K | $153K | 25x |
| Short | Phoenix XLM | 0.2122 | 0.0264 | get 0.0033% / 1h | 34m 13s | $5K | $46K | 5x |
Deribit XLM_USDC-PERPETUAL
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- −$60.01
- Price spread: −0.249% → 0.000%
- −$24.92
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$98.93
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 30 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 Deribit live order book, 30 min ago | 1.65 bp | 5.1 bp −$5 | 13.5 bp −$135 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2125 | −0.103% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2129 | +0.085% | $358K | $901K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2128 | +0.044% | $54.5M | $153.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2126 | −0.047% | $43.0M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2126 | −0.042% | $12.6M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2126 | −0.047% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2127 | −0.024% | $23.9M | $26.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2126 | −0.061% | $14.1M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2127 | −0.005% | $25.5M | $20.8M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2126 | −0.033% | — | $7.0M | — | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2127 | −0.005% | $93K | $263K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2125 | −0.090% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | −0.328% | $12K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2121 | −0.280% | $587K | $598K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2122 | −0.226% | $170K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2126 | −0.047% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2125 | −0.108% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2127 | −0.024% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2125 | −0.099% | $196K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | +0.024% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2126 | −0.048% | $189K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0105% | 8h | 0.2124 | −0.120% | $565K | $624K | 75x | as long as short |
| dYdX XLM-USD | +0.0211% | 1h | 0.2123 | −0.207% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2127 | −0.005% | $2.3M | $4.9M | 75x | as long as short |
| Phoenix XLMshort | +0.0264% | 1h | 0.2122 | −0.249% | $5K | $46K | 5x | |
| Hyperliquid XLM | +0.0447% | 1h | 0.2128 | +0.056% | $12.3M | $6.1M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0462% | 1h | 0.2127 | +0.015% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2130 | +0.127% | $233K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2125 | −0.106% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0550% | 1h | 0.2127 | long leg | $528K | $153K | 25x | |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −0.094% | $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
dYdX XLM-USD
BloFin XLM-USDT
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Injective XLM/USDC PERP