Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget−0.028%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.028%, 7d avg +0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.047% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XLMUSDT | 0.2161 | 0.0100 | pay 0.0100% / 8h | 7h 04m | $25.8M | $19.7M | 75x |
| Short | Phemex XLMUSDT | 0.2161 | 0.0100 | get 0.0100% / 8h | 7h 04m | $9.1M | $9.0M | 50x |
Bitget XLMUSDT
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $0
- Price spread: −0.028% → +0.020%
- −$4.73
- Slippage, 4 orders
- −$18.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$46.95
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Phemex: live order book, 4 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 Bitget live order book, 4 min ago | 1.62 bp | 10.7 bp −$11 | 17.9 bp −$179 | 42.1 bp −$4,212 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.24 bp | 11.5 bp −$11 | 19.6 bp −$196 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2157 | −0.204% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2160 | −0.087% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0063% | 1h | 0.2159 | −0.122% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2164 | +0.134% | $398K | $838K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2162 | +0.023% | $55.7M | $150.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2161 | −0.009% | $44.4M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2161 | −0.014% | $13.1M | $41.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2159 | −0.102% | $4.1M | $6.4M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2161 | −0.014% | $25.1M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2159 | −0.102% | $14.4M | $10.1M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
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 XLMUSDTlong | +0.0100% | 8h | 0.2161 | long leg | $25.8M | $19.7M | 75x | |
| BingX XLM-USDT | +0.0100% | 8h | 0.2161 | −0.019% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2160 | −0.079% | $88K | $260K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2159 | −0.106% | $283K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2166 | +0.193% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | +0.143% | $610K | $578K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2167 | +0.250% | $174K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2161 | −0.019% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2157 | −0.194% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2160 | −0.042% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2160 | −0.056% | $199K | $257K | 20x | as long as short |
| Phemex XLMUSDTshort | +0.0100% | 8h | 0.2161 | −0.028% | $9.1M | $9.0M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2159 | −0.109% | $197K | $1.7M | 10x | as long as short |
| Aster XLMUSDT | +0.0153% | 8h | 0.2161 | −0.029% | $579K | $619K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2161 | −0.028% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2161 | −0.005% | $2.3M | $5.3M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2163 | +0.056% | $5K | $42K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2162 | +0.051% | $233K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0533% | 1h | 0.2165 | +0.148% | $12.6M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0622% / S −0.1281% | 1h | 0.2159 | −0.115% | $174K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0630% | 1h | 0.2162 | +0.009% | $536K | $150K | 25x | as long as short |
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
Aster XLMUSDT
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL