Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Phemex against BloFin−0.028%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 7 days−0.329%−$33 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.028%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.021% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XLM-USDT | 0.2119 | 0.0220 | pay 0.0220% / 8h | 2m 38s | $2.3M | $5.4M | 75x |
| Short | Phemex XLMUSDT | 0.2119 | 0.0100 | get 0.0100% / 8h | 2m 38s | $8.7M | $8.9M | 50x |
BloFin XLM-USDT
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$25.2
- Price spread: −0.028% → −0.008%
- −$2.07
- Slippage, 4 orders
- −$21.18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$72.45
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Phemex: live order book, 6 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 BloFin live order book, 6 min ago | 0.47 bp | 10.8 bp −$11 | 16.5 bp −$165 | 30.1 bp −$3,005 | doesn't fit |
| Sell Phemex live order book, 6 min ago | 5.19 bp | 11.8 bp −$12 | 33.7 bp −$337 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2117 | −0.086% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.278% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2122 | +0.132% | $366K | $945K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2119 | +0.018% | $562K | $585K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2119 | −0.019% | $54.9M | $159.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2118 | −0.052% | $43.3M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2118 | −0.042% | $12.1M | $44.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2119 | −0.024% | $3.9M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2120 | +0.047% | $24.5M | $29.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2120 | +0.024% | $14.0M | $9.2M | 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 | 0.2119 | −0.005% | $25.6M | $22.8M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2119 | −0.024% | — | $7.4M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2120 | +0.028% | $130K | $343K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2116 | −0.136% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2119 | +0.004% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2119 | −0.015% | $590K | $570K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2119 | −0.005% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2118 | −0.052% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2115 | −0.198% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2119 | −0.024% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2118 | −0.061% | $195K | $220K | 20x | as long as short |
| Phemex XLMUSDTshort | +0.0100% | 8h | 0.2119 | −0.028% | $8.7M | $8.9M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2119 | −0.005% | $189K | $1.1M | 10x | as long as short |
| BloFin XLM-USDTlong | +0.0220% | 8h | 0.2119 | long leg | $2.3M | $5.4M | 75x | |
| Phoenix XLM | +0.0264% | 1h | 0.2119 | −0.019% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0275% | 1h | 0.2119 | −0.019% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2118 | −0.042% | $219K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2117 | −0.088% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0550% | 1h | 0.2119 | −0.011% | $2.6M | $2.6M | 50x | as long as short |
| Hyperliquid XLM | +0.0590% | 1h | 0.2122 | +0.132% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0836% | 1h | 0.2120 | +0.047% | $526K | $172K | 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
Extended XLM-USD
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL