Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Phemex−0.085%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.085% cheaper against Phemex than usual: you would sell low and buy high, −$8 on $10k if it 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 | Phemex XLMUSDT | 0.2124 | 0.0100 | pay 0.0100% / 8h | 4h 42m | $9.0M | $8.9M | 50x |
| Short | BingX XLM-USDC | 0.2122 | 0.0100 | get 0.0100% / 8h | 4h 42m | — | $6.7M | — |
Phemex XLMUSDT
BingX XLM-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.085% → 0.000%
- −$8.47
- Slippage, 4 orders
- −$39.6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$70.07
- Costs to cover
- 0.616%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; BingX: live order book, 9 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, 6 min ago | 6.37 bp | 13.4 bp −$13 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 1.18 bp | 17.4 bp −$17 | 113.2 bp −$1,132 | 937.5 bp −$93.7K | 1311.7 bp −$655.9K |
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 | 0.2124 | −0.003% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.038% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2125 | +0.056% | $371K | $962K | 5x | as long as short |
| Hyperliquid XLM | +0.0100% | 1h | 0.2124 | +0.009% | $12.2M | $6.2M | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2123 | −0.035% | $565K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2123 | −0.080% | $54.2M | $154.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2123 | −0.071% | $42.9M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2122 | −0.108% | $12.5M | $42.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2123 | −0.056% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2122 | −0.094% | $23.7M | $26.7M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Hyperliquid XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2123 | −0.075% | $14.0M | $9.7M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2122 | −0.099% | $25.5M | $21.2M | 75x | as long as short |
| BingX XLM-USDCshort | +0.0100% | 8h | 0.2122 | −0.085% | — | $6.7M | — | |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2123 | −0.052% | $95K | $274K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2120 | −0.193% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2119 | −0.230% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2123 | −0.033% | $592K | $595K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2122 | −0.127% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2123 | −0.056% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2122 | −0.127% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2123 | −0.042% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2127 | +0.137% | $196K | $252K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2124 | long leg | $9.0M | $8.9M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2121 | −0.142% | $189K | $1.8M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2123 | −0.052% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2123 | −0.047% | $5K | $46K | 5x | as long as short |
| dYdX XLM-USD | +0.0264% | 1h | 0.2127 | +0.150% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0266% | 1h | 0.2123 | −0.056% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0480% | 1h | 0.2125 | +0.042% | $238K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2124 | −0.017% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0786% | 1h | 0.2125 | +0.033% | $527K | $153K | 25x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
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
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL