Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Phemex+0.047%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.047%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.044% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XLMUSDT | 0.2150 | 0.0100 | pay 0.0100% / 8h | 2h 21m | $9.0M | $9.0M | 50x |
| Short | Binance XLMUSDT | 0.2151 | 0.0100 | get 0.0100% / 8h | 2h 21m | $55.5M | $145.1M | 75x |
Phemex XLMUSDT
Binance XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- Price spread: +0.047% → +0.002%
- $4.44
- Slippage, 4 orders
- −$10.16
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.72
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 7 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 Phemex live order book, 2 min ago | 1.63 bp | 7.6 bp −$8 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.23 bp | 7.8 bp −$8 | 16.8 bp −$168 | 37.6 bp −$3,756 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2151 | +0.014% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2150 | −0.021% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2151 | +0.005% | $587K | $793K | 75x | as long as short |
| Binance XLMUSDTshort | +0.0100% | 8h | 0.2151 | +0.047% | $55.5M | $145.1M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2150 | −0.005% | $43.7M | $41.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2150 | −0.019% | $13.0M | $40.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2151 | +0.019% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2151 | +0.047% | $25.3M | $25.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2151 | +0.019% | $14.5M | $10.4M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2151 | +0.042% | $25.8M | $17.9M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster 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-USDC | +0.0100% | 8h | 0.2151 | +0.042% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2151 | +0.042% | $102K | $221K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2142 | −0.371% | $207K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2146 | −0.215% | $12K | $298K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2148 | −0.102% | $602K | $595K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2146 | −0.214% | $172K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2151 | +0.028% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2147 | −0.149% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2150 | +0.005% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2148 | −0.116% | $200K | $267K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2150 | long leg | $9.0M | $9.0M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2151 | +0.045% | $193K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2149 | −0.070% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2146 | −0.186% | $2.3M | $6.3M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −1.088% | $476 | $154K | 12x | as long as short |
| Hyperliquid XLM | +0.0262% | 1h | 0.2153 | +0.140% | $12.0M | $5.8M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0313% / S −0.0166% | 1h | 0.2150 | −0.026% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2145 | −0.246% | $228K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0549% | 1h | 0.2152 | +0.057% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0727% | 1h | 0.2152 | +0.088% | $534K | $170K | 25x | as long as short |
| Lighter XLM | +0.0824% | 1h | 0.2152 | +0.098% | $427K | $793K | 5x | as long as short |
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
Phoenix XLM
BloFin XLM-USDT
Injective XLM/USDC PERP
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL
Lighter XLM