Funding you earn now, next payment 06:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.020%
Price spread now: Phoenix against Bybit+0.028%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XLMUSDT | 0.2127 | 0.0100 | pay 0.0100% / 8h | 1h 18m | $43.1M | $47.5M | 75x |
| Short | Phoenix XLM | 0.2128 | 0.0263 | get 0.0033% / 1h | 18m 58s | $4K | $50K | 5x |
Bybit XLMUSDT
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bybit. 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
- $34.33
- Price spread: +0.028% → 0.000%
- $2.82
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $19.15
- Costs to cover
- 0.180%
- Break-even
- 3.1 days
Slippage unknown: Bybit: live order book, 5 min ago; Phoenix: no order-book sample. 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 Bybit live order book, 5 min ago | 2.36 bp | 8.3 bp −$8 | 15.7 bp −$157 | 72.7 bp −$7,268 | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | 0.2126 | −0.070% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.099% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2130 | +0.146% | $368K | $946K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2130 | +0.113% | $564K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2128 | +0.064% | $54.7M | $162.9M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2127 | long leg | $43.1M | $47.5M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2128 | +0.028% | $12.2M | $44.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2127 | +0.005% | $4.0M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2129 | +0.066% | $25.0M | $29.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2127 | +0.005% | $14.1M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance 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 | 0.2127 | +0.005% | $25.5M | $23.0M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2127 | +0.019% | — | $7.4M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2125 | −0.093% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | −0.118% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2124 | −0.131% | $596K | $593K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2127 | −0.028% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2127 | −0.005% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2128 | +0.033% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2127 | +0.019% | $580 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2129 | +0.085% | $196K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | −0.014% | $8.7M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2128 | +0.032% | $189K | $1.6M | 10x | as long as short |
| Hyperliquid XLM | +0.0204% | 1h | 0.2130 | +0.150% | $12.1M | $6.5M | 5x | as long as short |
| dYdX XLM-USD | +0.0210% | 1h | 0.2127 | −0.003% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2128 | +0.052% | $2.3M | $5.6M | 75x | as long as short |
| Backpack XLM_USDC_PERP | +0.0223% | 1h | 0.2128 | +0.061% | $130K | $349K | 20x | as long as short |
| Phoenix XLMshort | +0.0263% | 1h | 0.2128 | +0.028% | $4K | $50K | 5x | |
| Kraken Futures PF_XLMUSD | +0.0331% | 1h | 0.2128 | +0.030% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2125 | −0.085% | $222K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2126 | −0.055% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0879% | 1h | 0.2129 | +0.075% | $528K | $168K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Hyperliquid XLM
dYdX XLM-USD
BloFin XLM-USDT
Backpack XLM_USDC_PERP
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL