Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.110%
Price spread now: Phemex against Lighter−0.129%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$610.608% of the position
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.129%, 7d avg −0.093%
=Together, before fees−0.243%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.036% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.093%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XLM | 0.2170 | 0.0096 | pay 0.0012% / 1h | 36m 05s | $400K | $838K | 5x |
| Short | Phemex XLMUSDT | 0.2167 | 0.0100 | get 0.0100% / 8h | 7h 36m | $9.1M | $9.0M | 50x |
Lighter XLM
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Lighter. 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
- $0.84
- Price spread: −0.129% → −0.093%
- −$3.61
- Slippage, 4 orders
- −$48.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$63.54
- Costs to cover
- 0.608%
- Break-even
- 536.5 days
Slippage from Lighter: live order book, 34 min ago; Phemex: live order book, 3 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 Lighter live order book, 34 min ago | 5.81 bp | 26.3 bp −$26 | 61.7 bp −$617 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.16 bp | 8.4 bp −$8 | 17.8 bp −$178 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2157 | −0.576% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2165 | −0.208% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0036% | 1h | 0.2164 | −0.269% | $23K | $2K | 10x | as long as short |
| Lighter XLMlong | +0.0096% | 1h | 0.2170 | long leg | $400K | $838K | 5x | |
| Binance XLMUSDT | +0.0100% | 8h | 0.2167 | −0.100% | $56.0M | $150.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2166 | −0.152% | $44.2M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2166 | −0.152% | $13.2M | $41.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2166 | −0.166% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2167 | −0.106% | $25.0M | $26.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2166 | −0.152% | $14.4M | $10.2M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2167 | −0.134% | $25.8M | $19.6M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2167 | −0.134% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2167 | −0.120% | $89K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2166 | −0.154% | $285K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2162 | −0.327% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2160 | −0.447% | $609K | $619K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2162 | −0.369% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2166 | −0.161% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2161 | −0.383% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2167 | −0.138% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2166 | −0.166% | $200K | $256K | 20x | as long as short |
| Phemex XLMUSDTshort | +0.0100% | 8h | 0.2167 | −0.129% | $9.1M | $9.0M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2166 | −0.144% | $193K | $1.6M | 10x | as long as short |
| Aster XLMUSDT | +0.0123% | 8h | 0.2166 | −0.143% | $581K | $689K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0182% | 1h | 0.2167 | −0.137% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2165 | −0.226% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2161 | −0.383% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2165 | −0.197% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2165 | −0.189% | $229K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0506% | 1h | 0.2169 | −0.014% | $12.5M | $6.2M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0812% | 1h | 0.2168 | −0.078% | $538K | $158K | 25x | as long as short |
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
Aster XLMUSDT
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL