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: Bybit against Phemex−0.180%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.180%, 7d avg −0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.145% cheaper against Phemex than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XLMUSDT | 0.2114 | 0.0100 | pay 0.0100% / 8h | 1h 34m | $8.7M | $9.1M | 50x |
| Short | Bybit XLMUSDT | 0.2110 | 0.0100 | get 0.0100% / 8h | 1h 34m | $42.7M | $47.5M | 75x |
Phemex XLMUSDT
Bybit XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.180% → −0.035%
- −$14.47
- Slippage, 4 orders
- −$21.91
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$59.38
- Costs to cover
- 0.449%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 6.14 bp | 13.2 bp −$13 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.37 bp | 7.9 bp −$8 | 15.6 bp −$156 | 66.0 bp −$6,601 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2113 | −0.060% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.530% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2114 | +0.005% | $354K | $933K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2113 | −0.046% | $560K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2111 | −0.118% | $54.2M | $163.0M | 75x | as long as short |
| Bybit XLMUSDTshort | +0.0100% | 8h | 0.2110 | −0.180% | $42.7M | $47.5M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2110 | −0.175% | $12.2M | $44.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2110 | −0.175% | $3.9M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2112 | −0.090% | $25.2M | $28.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2111 | −0.118% | $14.0M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance 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 | 0.2111 | −0.151% | $25.3M | $23.1M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2111 | −0.137% | — | $7.4M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2112 | −0.079% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2118 | +0.177% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2116 | +0.121% | $593K | $593K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2117 | +0.137% | $170K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2113 | −0.038% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2112 | −0.109% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2113 | −0.047% | $576 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2114 | 0.000% | $195K | $249K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2114 | long leg | $8.7M | $9.1M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2111 | −0.138% | $188K | $1.7M | 10x | as long as short |
| Hyperliquid XLM | +0.0174% | 1h | 0.2112 | −0.066% | $12.0M | $6.5M | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0178% | 1h | 0.2113 | −0.028% | $129K | $329K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2115 | +0.047% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0263% | 1h | 0.2114 | +0.024% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0280% | 1h | 0.2112 | −0.102% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0334% | 1h | 0.2114 | −0.002% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2113 | −0.057% | $220K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2112 | −0.079% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0792% | 1h | 0.2114 | +0.033% | $524K | $168K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Hyperliquid XLM
Backpack XLM_USDC_PERP
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