Funding you earn now, next payment 22:00 UTC+0.0716%/8h= +78.4% APRpaid last 24h +0.097%
Price spread now: Lighter against Phemex+0.032%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)+0.283%+$28 · spread now +0.032%, 7d avg +0.095%
=Together, before fees+0.493%+ Points / potential airdropLighter: Season 3 · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.063% cheaper against Phemex than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.095%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.210% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 10.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XLMUSDT | 0.2166 | 0.0100 | pay 0.0100% / 8h | 2h 08m | $9.1M | $9.1M | 50x |
| Short | Lighter XLM | 0.2167 | 0.0816 | get 0.0102% / 1h | 8m 28s | $426K | $804K | 5x |
Phemex XLMUSDT
Lighter XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $150.36
- Price spread: +0.032% → +0.095%
- −$6.26
- Slippage, 4 orders
- −$43.72
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $88.38
- Costs to cover
- 0.557%
- Break-even
- 2.9 days
Slippage from Phemex: live order book, 5 min ago; Lighter: live order book, 11 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, 5 min ago | 0.23 bp | 8.1 bp −$8 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 3.94 bp | 5.4 bp −$5 | 57.4 bp −$574 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2162 | −0.191% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2161 | −0.260% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2162 | −0.186% | $591K | $796K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2162 | −0.217% | $56.2M | $146.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2161 | −0.268% | $43.8M | $42.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2160 | −0.305% | $13.1M | $41.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2162 | −0.198% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2162 | −0.189% | $25.8M | $25.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2163 | −0.171% | $14.6M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2162 | −0.194% | $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 | −0.217% | — | $6.9M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2166 | 0.000% | $103K | $223K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | −0.090% | $239K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2165 | −0.045% | $12K | $298K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2169 | +0.136% | $603K | $610K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2167 | +0.014% | $174K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2161 | −0.249% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2166 | −0.023% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2167 | +0.051% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2167 | +0.042% | $200K | $272K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2166 | long leg | $9.1M | $9.1M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2163 | −0.171% | $194K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2162 | −0.194% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2167 | +0.032% | $2.3M | $6.3M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −1.819% | $476 | $154K | 12x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0314% / S −0.0166% | 1h | 0.2160 | −0.277% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0341% | 1h | 0.2165 | −0.046% | $12.2M | $5.9M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2170 | +0.185% | $231K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0544% | 1h | 0.2168 | +0.072% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0673% | 1h | 0.2169 | +0.138% | $538K | $170K | 25x | as long as short |
| Lighter XLMshort | +0.0816% | 1h | 0.2167 | +0.032% | $426K | $804K | 5x |
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
BloFin XLM-USDT
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