XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0658%/8h= +72.0% APRnext payment +$0.82 per $10,000 · paid last 24h +0.122%

Price spread now: Deribit against Phoenix−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Deribit is 0.038% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XLM	0.2121	0.0225	pay 0.0028% / 1h	46m 33s	$5K	$46K	5x
Short	Deribit XLM_USDC-PERPETUAL	0.2120	0.0883	get 0.0110% / 1h	46m 33s	$526K	$153K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DeribitbpOrdersPrice spread, now −0.038%Rate

Funding earned: $138.17
Price spread: −0.038% → 0.000%: −$3.77
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $120.4
Costs to cover: 0.140%
Break-even: 0.9 days

Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 12 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 Deribit live order book, 12 min ago	3.05 bp	11.2 bp −$11	doesn't fit	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	0.2118	−0.117%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.193%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2122	+0.028%	$371K	$961K	5x	as long as short
Hyperliquid XLM	+0.0100%	1h	0.2122	+0.042%	$12.2M	$6.2M	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2119	−0.069%	$564K	$625K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2121	0.000%	$54.1M	$154.7M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2120	−0.033%	$42.8M	$45.6M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2120	−0.033%	$12.4M	$42.1M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2119	−0.066%	$4.0M	$6.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2121	+0.005%	$23.7M	$26.7M	300x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLMUSDTM	+0.0100%	8h	0.2119	−0.099%	$14.0M	$9.7M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2120	−0.042%	$25.5M	$21.2M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2121	−0.005%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2119	−0.085%	$95K	$274K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2120	−0.036%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2119	−0.088%	$12K	$305K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2120	−0.053%	$591K	$595K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2118	−0.137%	$170K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2119	−0.090%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2117	−0.170%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2118	−0.146%	$577	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2118	−0.127%	$196K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2119	−0.104%	$8.9M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2120	−0.026%	$189K	$1.8M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2118	−0.132%	$2.3M	$5.0M	75x	as long as short
Phoenix XLMlong	+0.0225%	1h	0.2121	long leg	$5K	$46K	5x
Kraken Futures PF_XLMUSD	+0.0266%	1h	0.2118	−0.136%	$2.6M	$2.6M	50x	as long as short
dYdX XLM-USD	+0.0295%	1h	0.2120	−0.060%	$23K	$2K	10x	as long as short
Coinbase International XLM-PERP-INTX	+0.0480%	1h	0.2120	−0.057%	$233K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0193%	1h	0.2119	−0.102%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUALshort	+0.0883%	1h	0.2120	−0.038%	$526K	$153K	25x