XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0195%/8h= −21.4% APRnext payment −$0.24 per $10,000 · paid last 24h −0.031%

Price spread now: Phoenix against Kraken Futures+0.210%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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

The price spread pays, funding is against you. Phoenix is 0.210% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.210% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XLMUSD	0.2141	0.0459	pay 0.0057% / 1h	12m 36s	$2.6M	$2.7M	50x
Short	Phoenix XLM	0.2145	0.0264	get 0.0033% / 1h	12m 36s	$5K	$46K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Kraken Futures. 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 Kraken FuturesbpFee PhoenixbpOrdersPrice spread, now +0.210%Rate

Funding earned: −$40.95
Price spread: +0.210% → 0.000%: $20.98
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$36.97
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	4.89 bp	12.0 bp −$12	18.3 bp −$183	74.6 bp −$7,460	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	0.2142	+0.082%	$4K	—	150x	as long as short
Lighter XLM	+0.0096%	1h	0.2144	+0.135%	$375K	$923K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2140	−0.015%	$570K	$623K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2141	+0.015%	$54.8M	$154.5M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2141	−0.005%	$43.3M	$45.7M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2140	−0.038%	$12.6M	$42.2M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2141	0.000%	$4.1M	$6.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2141	+0.014%	$24.2M	$27.1M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2141	+0.023%	$14.1M	$9.9M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2140	−0.033%	$25.7M	$21.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDC	+0.0100%	8h	0.2140	−0.038%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2149	+0.391%	$257K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2146	+0.236%	$12K	$305K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2147	+0.301%	$594K	$585K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2145	+0.219%	$172K	$257K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2142	+0.060%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2143	+0.102%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2141	+0.009%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2144	+0.168%	$198K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2141	0.000%	$9.0M	$8.9M	50x	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2141	−0.005%	$96K	$274K	20x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2139	−0.085%	$191K	$1.8M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2141	+0.018%	$2.3M	$4.9M	75x	as long as short
dYdX XLM-USD	+0.0221%	1h	0.2141	−0.005%	$23K	$2K	10x	as long as short
Phoenix XLMshort	+0.0264%	1h	0.2145	+0.210%	$5K	$46K	5x
Hyperliquid XLM	+0.0354%	1h	0.2143	+0.102%	$12.4M	$6.2M	5x	as long as short
Kraken Futures PF_XLMUSDlong	+0.0459%	1h	0.2141	long leg	$2.6M	$2.7M	50x
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2146	+0.252%	$235K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0520% / S −0.0193%	1h	0.2142	+0.056%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0591%	1h	0.2143	+0.116%	$532K	$153K	25x	as long as short
Injective XLM/USDC PERP	+0.1081%	1h	0.2125	−0.734%	$683	$241K	12x	as long as short