Funding you earn now, next payment 01:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.030%
Price spread now: Phoenix against GRVT+0.099%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
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.099% dearer against GRVT than usual: you sell high and buy low: +$10 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 | GRVT XLM_USDT_Perp | 0.2125 | 0.0100 | pay 0.0100% / 8h | 6h 26m | $594K | $611K | 10x |
| Short | Phoenix XLM | 0.2127 | 0.0187 | get 0.0023% / 1h | 26m 19s | $5K | $46K | 5x |
GRVT XLM_USDT_Perp
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. 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
- $18.33
- Price spread: +0.099% → 0.000%
- $9.88
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $12.21
- Costs to cover
- 0.160%
- Break-even
- 2.3 days
Slippage unknown: GRVT: live order book, 42 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 GRVT live order book, 42 min ago | 5.31 bp | 11.4 bp −$11 | 15.9 bp −$159 | 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 30 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 | 0.2132 | +0.336% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.005% | $683 | $241K | 12x | as long as short |
| dYdX XLM-USD | +0.0055% | 1h | 0.2129 | +0.199% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2132 | +0.348% | $359K | $901K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2134 | +0.424% | $54.1M | $155.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2133 | +0.367% | $42.9M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2133 | +0.391% | $12.7M | $42.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2132 | +0.344% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2134 | +0.409% | $23.7M | $26.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2133 | +0.376% | $14.1M | $10.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
dYdX XLM-USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2134 | +0.409% | $25.5M | $20.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2133 | +0.376% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2129 | +0.202% | $89K | $262K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2132 | +0.341% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | +0.011% | $11K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perplong | +0.0100% | 8h | 0.2125 | long leg | $594K | $611K | 10x | |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2122 | −0.132% | $170K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2133 | +0.381% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2127 | +0.099% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2129 | +0.179% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2127 | +0.099% | $196K | $262K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2128 | +0.155% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2132 | +0.327% | $191K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0131% | 8h | 0.2131 | +0.285% | $570K | $631K | 75x | as long as short |
| Phoenix XLMshort | +0.0187% | 1h | 0.2127 | +0.099% | $5K | $46K | 5x | |
| Hyperliquid XLM | +0.0225% | 1h | 0.2135 | +0.480% | $12.3M | $6.4M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0380% | 1h | 0.2129 | +0.194% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2131 | +0.301% | $232K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0193% | 1h | 0.2132 | +0.335% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0831% | 1h | 0.2131 | +0.268% | $529K | $150K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Aster XLMUSDT
Hyperliquid XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL