Funding you earn now, next payment 01:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.010%
Price spread now: KuCoin against Phoenix−0.368%78s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.368% cheaper against Phoenix than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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 | Phoenix XLM | 0.2121 | 0.0187 | pay 0.0023% / 1h | 58m 09s | $5K | $45K | 5x |
| Short | KuCoin XLMUSDTM | 0.2113 | 0.0100 | get 0.0100% / 8h | 5h 58m | $14.0M | $9.9M | 75x |
Phoenix XLM
KuCoin XLMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$18.33
- Price spread: −0.368% → 0.000%
- −$36.78
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$74.11
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago | 1.18 bp | 20.1 bp −$20 | 39.8 bp −$398 | 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 30 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 | 0.2113 | −0.358% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2116 | −0.212% | $356K | $897K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2113 | −0.368% | $53.9M | $154.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2111 | −0.434% | $42.7M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2111 | −0.443% | $12.5M | $41.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2114 | −0.302% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2113 | −0.340% | $23.2M | $26.5M | 300x | as long as short |
| KuCoin XLMUSDTMshort | +0.0100% | 8h | 0.2113 | −0.368% | $14.0M | $9.9M | 75x | |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2113 | −0.368% | $25.3M | $20.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2113 | −0.373% | — | $6.7M | — | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
Bitget XLMUSDT
BingX XLM-USDCShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2113 | −0.373% | $86K | $259K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2120 | −0.022% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | −0.012% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2119 | −0.068% | $593K | $611K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2120 | −0.038% | $170K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2114 | −0.311% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2114 | −0.311% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2114 | −0.307% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.061% | $196K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2114 | −0.321% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2111 | −0.431% | $188K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0109% | 8h | 0.2115 | −0.259% | $565K | $624K | 75x | as long as short |
| Phoenix XLMlong | +0.0187% | 1h | 0.2121 | long leg | $5K | $45K | 5x | |
| Hyperliquid XLM | +0.0199% | 1h | 0.2114 | −0.307% | $12.2M | $6.3M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2116 | −0.222% | $233K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0465% | 1h | 0.2114 | −0.293% | $2.6M | $2.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0193% | 1h | 0.2113 | −0.365% | $44K | — | 100x | as long as short |
| dYdX XLM-USD | +0.0689% | 1h | 0.2115 | −0.272% | $23K | $2K | 10x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0744% | 1h | 0.2115 | −0.245% | $525K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | +0.207% | $683 | $241K | 12x | as long as short |
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
Aster XLMUSDT
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
dYdX XLM-USD
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP