Funding you earn now, next payment 02:00 UTC−0.0408%/8h= −44.7% APRpaid last 24h −0.145%
Price spread now: Phemex against Deribit−0.043%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 7 days−0.247%−$25 on $10k
+Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.043%, 7d avg −0.056%
=The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.247% in total (about -12.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XLM_USDC-PERPETUAL | 0.2112 | 0.0508 | pay 0.0063% / 1h | 38m 20s | $524K | $150K | 25x |
| Short | Phemex XLMUSDT | 0.2112 | 0.0100 | get 0.0100% / 8h | 6h 38m | $8.9M | $9.0M | 50x |
Deribit XLM_USDC-PERPETUAL
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Deribit. 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
- −$85.68
- Price spread: −0.043% → −0.056%
- $1.39
- Slippage, 4 orders
- −$17.36
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$120.66
- Costs to cover
- 0.364%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 30 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 Deribit live order book, 30 min ago | 3.70 bp | 7.2 bp −$7 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 1.41 bp | 10.4 bp −$10 | 17.4 bp −$174 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2114 | +0.051% | $23K | $2K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2112 | −0.042% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.592% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2112 | −0.043% | $359K | $892K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2112 | −0.025% | $53.6M | $155.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2112 | −0.047% | $42.4M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2113 | +0.019% | $12.6M | $41.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2113 | +0.028% | $4.0M | $6.6M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2113 | +0.043% | $23.7M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2114 | +0.062% | $14.0M | $10.0M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
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 XLMUSDT | +0.0100% | 8h | 0.2111 | −0.057% | $25.1M | $20.6M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2112 | −0.005% | — | $7.2M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2117 | +0.199% | $88K | $263K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2115 | +0.126% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | +0.614% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2115 | +0.109% | $592K | $612K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2124 | +0.540% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2112 | −0.024% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2110 | −0.118% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2111 | −0.071% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2115 | +0.123% | $195K | $269K | 20x | as long as short |
| Phemex XLMUSDTshort | +0.0100% | 8h | 0.2112 | −0.043% | $8.9M | $9.0M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2111 | −0.083% | $190K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0120% | 8h | 0.2114 | +0.060% | $565K | $632K | 75x | as long as short |
| Hyperliquid XLM | +0.0135% | 1h | 0.2115 | +0.137% | $12.2M | $6.4M | 5x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2116 | +0.166% | $5K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2134 | +1.027% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0383% | 1h | 0.2111 | −0.084% | $2.5M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2116 | +0.147% | $232K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0508% | 1h | 0.2112 | long leg | $524K | $150K | 25x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0193% | 1h | 0.2111 | −0.062% | $44K | — | 100x | 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
Aster XLMUSDT
Hyperliquid XLM
Phoenix XLM
BloFin XLM-USDT
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]