Funding you earn now, next payment 21:00 UTC−0.0126%/8h= −13.8% APRnext payment −$0.16 per $10,000 · paid last 24h −0.048%
Price spread now: Phoenix against GMX−0.300%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$4 a day on $10k at the current rate, and Phoenix is 0.300% cheaper against GMX than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 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 | GMX XLM/USD [WBTC.b-USDC] | 0.2150 | L +0.0313% / S −0.0166% | pay 0.0039% / 1h | 22m 21s | $45K | — | 100x |
| Short | Phoenix XLM | 0.2143 | 0.0187 | get 0.0023% / 1h | 22m 21s | $5K | $43K | 5x |
GMX XLM/USD [WBTC.b-USDC]
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GMX. 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
- −$26.52
- Price spread: −0.300% → 0.000%
- −$30
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$75.53
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
GMX and 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 | 0.2147 | −0.141% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2150 | +0.004% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2148 | −0.083% | $586K | $793K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2152 | +0.086% | $55.5M | $145.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2151 | +0.044% | $43.8M | $41.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2150 | +0.002% | $13.0M | $40.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2148 | −0.086% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2151 | +0.058% | $25.3M | $25.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2148 | −0.067% | $14.4M | $10.4M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2150 | +0.016% | $25.7M | $17.9M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2151 | +0.044% | — | $6.8M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2147 | −0.119% | $102K | $221K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2142 | −0.345% | $207K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2140 | −0.436% | $12K | $297K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2141 | −0.408% | $600K | $611K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2140 | −0.472% | $171K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2151 | +0.053% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2144 | −0.281% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2147 | −0.156% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2146 | −0.184% | $200K | $267K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2146 | −0.188% | $9.0M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2149 | −0.048% | $193K | $1.6M | 10x | as long as short |
| Phoenix XLMshort | +0.0187% | 1h | 0.2143 | −0.300% | $5K | $43K | 5x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2146 | −0.160% | $2.3M | $6.3M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −1.063% | $476 | $154K | 12x | as long as short |
| Hyperliquid XLM | +0.0260% | 1h | 0.2151 | +0.049% | $12.0M | $5.8M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC]long | L +0.0313% / S −0.0166% | 1h | 0.2150 | long leg | $45K | — | 100x | |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2145 | −0.221% | $228K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0550% | 1h | 0.2148 | −0.107% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0682% | 1h | 0.2148 | −0.086% | $533K | $170K | 25x | as long as short |
| Lighter XLM | +0.0832% | 1h | 0.2152 | +0.081% | $430K | $788K | 5x | as long as short |
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
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Injective XLM/USDC PERP
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL
Lighter XLM