Funding you earn now, next payment 16:00 UTC−0.1394%/8h= −152.7% APRnext payment −$13.94 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate−0.042%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$650.652% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.042%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Phemex is 0.055% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XLM_USDT | 0.2123 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $3.9M | $7.2M | 75x |
| Short | Phemex XLMUSDT | 0.2122 | −0.1294 | pay 0.1294% / 8h | 7h 57m | $8.7M | $8.9M | 50x |
Gate XLM_USDT
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- −$292.81
- Price spread: −0.042% → +0.012%
- −$5.48
- Slippage, 4 orders
- −$38.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$363.52
- Costs to cover
- 0.652%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Phemex: live order book, 1 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 Gate live order book, 1 min ago | 1.89 bp | 12.7 bp −$13 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 7.53 bp | 17.9 bp −$18 | 38.0 bp −$380 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex XLMUSDTshort | −0.1294% | 8h | 0.2122 | −0.042% | $8.7M | $8.9M | 50x | |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2124 | +0.051% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.075% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2126 | +0.132% | $366K | $916K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2125 | +0.071% | $563K | $583K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2126 | +0.119% | $55.0M | $159.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2125 | +0.075% | $43.4M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2125 | +0.094% | $12.1M | $45.0M | 50x | as long as short |
| Gate XLM_USDTlong | +0.0100% | 8h | 0.2123 | long leg | $3.9M | $7.2M | 75x | |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2126 | +0.108% | $24.5M | $28.6M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2126 | +0.108% | $14.1M | $9.2M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2125 | +0.089% | $25.6M | $22.9M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2124 | +0.033% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2122 | −0.061% | $130K | $344K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2119 | −0.197% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2119 | −0.185% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2122 | −0.082% | $591K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2118 | −0.235% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2124 | +0.028% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2122 | −0.089% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2122 | −0.057% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2123 | −0.009% | $196K | $220K | 20x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2124 | +0.040% | $189K | $1.1M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2120 | −0.170% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2122 | −0.052% | $4K | $56K | 5x | as long as short |
| dYdX XLM-USD | +0.0306% | 1h | 0.2123 | −0.034% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2121 | −0.113% | $219K | $1.6M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0340% | 1h | 0.2123 | −0.031% | $2.6M | $2.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2122 | −0.050% | $39K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0551% | 1h | 0.2128 | +0.198% | $12.2M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0928% | 1h | 0.2125 | +0.094% | $527K | $156K | 25x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDC
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
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL