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: GRVT against Phemex−0.521%77s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as 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−$510.512% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.374%+$37 · spread now −0.521%, 7d avg −0.028%
=Together, before fees+0.457%+ Points / potential airdropGRVT: Active · farm board+$46 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: GRVT is 0.493% cheaper against Phemex than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of −0.028%. The two prices were read 77 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 | 0.2147 | 0.0100 | pay 0.0100% / 8h | 3h 52m | $9.1M | $8.9M | 50x |
| Short | GRVT XLM_USDT_Perp | 0.2136 | 0.0100 | get 0.0100% / 8h | 3h 52m | $591K | $600K | 10x |
Phemex XLMUSDT
GRVT XLM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: −0.521% → −0.028%
- −$49.27
- Slippage, 4 orders
- −$30.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$100.43
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; GRVT: live order book, 1 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 | 6.30 bp | 14.1 bp −$14 | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 2.56 bp | 15.0 bp −$15 | 26.0 bp −$260 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2146 | −0.026% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −1.025% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2149 | +0.112% | $373K | $962K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2147 | +0.003% | $571K | $622K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2148 | +0.063% | $55.1M | $156.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2147 | +0.014% | $43.4M | $45.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2149 | +0.088% | $12.6M | $43.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2147 | +0.005% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2148 | +0.056% | $23.7M | $26.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2147 | +0.019% | $14.2M | $9.5M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
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 | 0.2148 | +0.033% | $26.0M | $21.7M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2148 | +0.056% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2137 | −0.460% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2139 | −0.351% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perpshort | +0.0100% | 8h | 0.2136 | −0.521% | $591K | $600K | 10x | |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2141 | −0.284% | $172K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2148 | +0.047% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2146 | −0.065% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2148 | +0.042% | $585 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2147 | −0.005% | $198K | $253K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2147 | long leg | $9.1M | $8.9M | 50x | |
| dYdX XLM-USD | +0.0100% | 1h | 0.2145 | −0.110% | $23K | $2K | 10x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2147 | +0.019% | $191K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0184% | 1h | 0.2148 | +0.034% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0215% | 1h | 0.2150 | +0.116% | $12.4M | $6.3M | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2147 | +0.019% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2141 | −0.275% | $5K | $46K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2146 | −0.042% | $241K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0520% / S −0.0247% | 1h | 0.2147 | −0.003% | $40K | — | 100x | as long as short |
| Backpack XLM_USDC_PERP | +0.0662% | 1h | 0.2149 | +0.084% | $127K | $290K | 20x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1101% | 1h | 0.2150 | +0.130% | $533K | $153K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
Variational Omni XLM
edgeX XLMUSDC
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
dYdX XLM-USD
Extended XLM-USD
Kraken Futures PF_XLMUSD
Hyperliquid XLM
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Backpack XLM_USDC_PERP
Deribit XLM_USDC-PERPETUAL