XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0084%/8h= −9.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.031%

Price spread now: Kraken Futures against Phoenix+0.176%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.176% dearer against Phoenix than usual: you sell high and buy low (spread +0.176% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XLM	0.2118	0.0226	pay 0.0028% / 1h	51m 07s	$4K	$49K	5x
Short	Kraken Futures PF_XLMUSD	0.2122	0.0143	get 0.0018% / 1h	51m 07s	$2.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.176%Rate

Funding earned: −$17.54
Price spread: +0.176% → 0.000%: $17.63
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$16.91
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 3 min ago	3.54 bp	21.2 bp −$21	33.5 bp −$335	85.6 bp −$8,564	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	0.2119	+0.072%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.335%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2124	+0.274%	$373K	$959K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2121	+0.131%	$563K	$625K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2122	+0.179%	$54.2M	$159.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2120	+0.104%	$43.0M	$46.4M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2121	+0.137%	$12.5M	$43.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2120	+0.104%	$4.1M	$7.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2122	+0.179%	$25.0M	$27.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2120	+0.123%	$13.9M	$9.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2121	+0.142%	$25.5M	$22.5M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2121	+0.137%	—	$6.7M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2121	+0.161%	$125K	$295K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2121	+0.152%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2118	+0.003%	$12K	$306K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2120	+0.105%	$594K	$608K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2119	+0.071%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2121	+0.146%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2117	−0.019%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2121	+0.151%	$578	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2119	+0.047%	$195K	$250K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2121	+0.142%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2120	+0.121%	$190K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSDshort	+0.0143%	1h	0.2122	+0.176%	$2.6M	$2.7M	50x
Hyperliquid XLM	+0.0163%	1h	0.2123	+0.222%	$12.2M	$6.4M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2122	+0.184%	$2.3M	$5.5M	75x	as long as short
Phoenix XLMlong	+0.0226%	1h	0.2118	long leg	$4K	$49K	5x
dYdX XLM-USD	+0.0274%	1h	0.2119	+0.072%	$23K	$2K	10x	as long as short
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2120	+0.118%	$228K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2120	+0.089%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0835%	1h	0.2123	+0.231%	$526K	$162K	25x	as long as short