Funding you earn now, next payment 08:00 UTC+0.0102%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.067%
Price spread now: Coinbase International against Phoenix+0.263%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.263% dearer against Phoenix than usual: you sell high and buy low: +$26 more if the spread 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 | Phoenix XLM | 0.2130 | 0.0226 | pay 0.0028% / 1h | 10m 57s | $4K | $56K | 5x |
| Short | Coinbase International XLM-PERP-INTX | 0.2135 | 0.0328 | get 0.0041% / 1h | 10m 57s | $214K | $1.6M | 50x |
Phoenix XLM
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phoenix. 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
- $21.36
- Price spread: +0.263% → 0.000%
- $26.29
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $30.65
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 3 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 4.46 bp | 10.3 bp −$10 | 15.5 bp −$155 | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2132 | +0.082% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.225% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2136 | +0.272% | $367K | $930K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2133 | +0.152% | $565K | $549K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2134 | +0.214% | $55.3M | $157.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2133 | +0.150% | $44.1M | $45.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2134 | +0.188% | $12.3M | $45.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2132 | +0.103% | $4.0M | $7.4M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2134 | +0.178% | $24.0M | $29.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2133 | +0.164% | $13.9M | $9.0M | 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 | 0.2133 | +0.150% | $25.9M | $22.9M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2134 | +0.174% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2134 | +0.202% | $130K | $329K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2132 | +0.112% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2130 | +0.027% | $12K | $310K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2130 | +0.005% | $587K | $553K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2128 | −0.080% | $171K | $253K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2133 | +0.150% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2129 | −0.056% | $2K | $1.5M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2134 | +0.178% | $581 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2126 | −0.160% | $196K | $193K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2133 | +0.155% | $8.7M | $8.7M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2133 | +0.137% | $189K | $746K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2133 | +0.164% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLMlong | +0.0226% | 1h | 0.2130 | long leg | $4K | $56K | 5x | |
| Coinbase International XLM-PERP-INTXshort | +0.0328% | 1h | 0.2135 | +0.263% | $214K | $1.6M | 50x | |
| Kraken Futures PF_XLMUSD | +0.0338% | 1h | 0.2135 | +0.230% | $2.6M | $2.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0495% / S −0.0231% | 1h | 0.2131 | +0.059% | $38K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0535% | 1h | 0.2137 | +0.319% | $12.3M | $6.4M | 5x | as long as short |
| dYdX XLM-USD | +0.0869% | 1h | 0.2131 | +0.037% | $27K | $5K | 10x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1016% | 1h | 0.2135 | +0.239% | $529K | $118K | 25x | as long as short |
Bitget XLMUSDT
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
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
dYdX XLM-USD
Deribit XLM_USDC-PERPETUAL