Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Phemex+0.282%59s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.444% of the position
Funding, last 7 days+0.329%+$33 on $10k
+Price spread, last 3 days (all we have)−0.352%−$35 · spread now +0.282%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.271% dearer against Phemex than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XLMUSDT | 0.2161 | 0.0100 | pay 0.0100% / 8h | 2h 08m | $9.1M | $9.1M | 50x |
| Short | BloFin XLM-USDT | 0.2167 | 0.0220 | get 0.0220% / 8h | 2h 08m | $2.3M | $6.3M | 75x |
Phemex XLMUSDT
BloFin XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: +0.282% → +0.012%
- $27.05
- Slippage, 4 orders
- −$20.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.88
- Costs to cover
- 0.444%
- Break-even
- 4.8 days
Slippage from Phemex: live order book, 6 min ago; BloFin: live order book, 10 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 | 0.23 bp | 8.1 bp −$8 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 3.71 bp | 11.8 bp −$12 | 16.5 bp −$165 | 28.1 bp −$2,808 | 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 | 0.2162 | +0.058% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2161 | −0.011% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2162 | +0.060% | $591K | $796K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2161 | +0.020% | $56.2M | $146.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2160 | −0.028% | $43.8M | $42.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2160 | −0.051% | $13.1M | $41.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2162 | +0.051% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2161 | +0.014% | $25.8M | $25.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2163 | +0.079% | $14.6M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2161 | −0.014% | $25.9M | $18.3M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance 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-USDT | +0.0100% | 8h | 0.2162 | +0.032% | — | $6.9M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2166 | +0.250% | $103K | $223K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | +0.159% | $239K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2165 | +0.205% | $12K | $298K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2169 | +0.387% | $603K | $610K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2167 | +0.264% | $174K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2161 | 0.000% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2160 | −0.032% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2161 | −0.014% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2164 | +0.134% | $200K | $272K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2161 | long leg | $9.1M | $9.1M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2161 | −0.005% | $194K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2162 | +0.056% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDTshort | +0.0220% | 8h | 0.2167 | +0.282% | $2.3M | $6.3M | 75x | |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −1.573% | $476 | $154K | 12x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0314% / S −0.0166% | 1h | 0.2160 | −0.028% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0341% | 1h | 0.2165 | +0.204% | $12.2M | $5.9M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2170 | +0.435% | $231K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0546% | 1h | 0.2162 | +0.030% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0629% | 1h | 0.2163 | +0.102% | $537K | $170K | 25x | as long as short |
| Lighter XLM | +0.0816% | 1h | 0.2166 | +0.213% | $425K | $804K | 5x | as long as short |
BingX XLM-USDT
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
Injective XLM/USDC PERP
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL
Lighter XLM