XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0191%/8h= +20.9% APRnext payment +$0.24 per $10,000 · paid last 24h +0.197%

Price spread now: Phoenix against Injective−0.094%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Phoenix is 0.094% cheaper against Injective than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 39 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XLM/USDC PERP	0.2125	0.0033	pay 0.0004% / 1h	56m 18s	$683	$241K	12x
Short	Phoenix XLM	0.2123	0.0225	get 0.0028% / 1h	56m 18s	$5K	$46K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersPrice spread, now −0.094%Rate

Funding earned: $40.15
Price spread: −0.094% → 0.000%: −$9.41
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $23.72
Costs to cover: 0.070%
Break-even: 2.9 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Injective 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
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2121	−0.168%	$4K	—	150x	as long as short
Injective XLM/USDC PERPlong	+0.0033%	1h	0.2125	long leg	$683	$241K	12x
Lighter XLM	+0.0096%	1h	0.2124	−0.028%	$373K	$959K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2122	−0.164%	$563K	$624K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2122	−0.133%	$54.2M	$159.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2121	−0.184%	$43.0M	$46.5M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2122	−0.141%	$12.5M	$43.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2121	−0.207%	$4.1M	$7.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2121	−0.202%	$25.2M	$27.6M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2121	−0.169%	$13.9M	$9.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2122	−0.136%	$25.5M	$22.3M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2122	−0.151%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2121	−0.182%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2122	−0.121%	$12K	$308K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2123	−0.105%	$595K	$608K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2120	−0.254%	$170K	$265K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2122	−0.141%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2116	−0.414%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2122	−0.132%	$578	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2122	−0.151%	$195K	$250K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2125	+0.014%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2122	−0.146%	$190K	$1.8M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0111%	1h	0.2127	+0.085%	$127K	$294K	20x	as long as short
Kraken Futures PF_XLMUSD	+0.0142%	1h	0.2123	−0.097%	$2.6M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0153%	1h	0.2122	−0.122%	$12.2M	$6.4M	5x	as long as short
dYdX XLM-USD	+0.0165%	1h	0.2122	−0.160%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2125	+0.005%	$2.3M	$5.5M	75x	as long as short
Phoenix XLMshort	+0.0225%	1h	0.2123	−0.094%	$5K	$46K	5x
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2121	−0.202%	$234K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2121	−0.182%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0693%	1h	0.2124	−0.056%	$527K	$162K	25x	as long as short