Funding you earn now, next payment 22:00 UTC−0.0353%/8h= −38.6% APRnext payment −$0.44 per $10,000 · paid last 24h −0.132%
Price spread now: Phoenix against Deribit−0.599%70s7-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 −$11 a day on $10k at the current rate, and Phoenix is 0.599% cheaper against Deribit than usual: you would sell low and buy high (−$60 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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 | Deribit XLM_USDC-PERPETUAL | 0.2186 | 0.0574 | pay 0.0072% / 1h | 46m 03s | $542K | $174K | 25x |
| Short | Phoenix XLM | 0.2173 | 0.0221 | get 0.0028% / 1h | 46m 03s | $5K | $41K | 5x |
Deribit XLM_USDC-PERPETUAL
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$74.07
- Price spread: −0.599% → 0.000%
- −$59.93
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$148
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 38 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 Deribit live order book, 38 min ago | 4.89 bp | 8.4 bp −$8 | 13.1 bp −$131 | doesn't fit | 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 | 0.2184 | −0.098% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0017% | 1h | 0.2183 | −0.130% | $24K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2184 | −0.105% | $593K | $799K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2187 | +0.073% | $57.0M | $148.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2186 | +0.027% | $44.4M | $42.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2187 | +0.032% | $13.3M | $42.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2184 | −0.087% | $4.0M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2185 | −0.032% | $25.9M | $25.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2184 | −0.078% | $14.7M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2184 | −0.073% | $26.2M | $18.6M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2184 | −0.087% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | −0.983% | $246K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2167 | −0.878% | $12K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2170 | −0.718% | $606K | $622K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2177 | −0.412% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2185 | −0.037% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2182 | −0.169% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2185 | −0.059% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2181 | −0.220% | $201K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2184 | −0.082% | $9.2M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2184 | −0.063% | $195K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2181 | −0.238% | $2.4M | $6.3M | 75x | as long as short |
| Phoenix XLMshort | +0.0221% | 1h | 0.2173 | −0.599% | $5K | $41K | 5x | |
| Backpack XLM_USDC_PERP | +0.0340% | 1h | 0.2185 | −0.046% | $104K | $253K | 20x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0344% / S −0.0195% | 1h | 0.2183 | −0.123% | $49K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0361% | 1h | 0.2186 | +0.018% | $12.4M | $6.0M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2185 | −0.046% | $232K | $1.5M | 50x | as long as short |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2156 | −1.363% | $116 | $185K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0500% | 1h | 0.2185 | −0.037% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0574% | 1h | 0.2186 | long leg | $542K | $174K | 25x | |
| Lighter XLM | +0.0664% | 1h | 0.2188 | +0.110% | $430K | $805K | 5x | as long as short |
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
BloFin XLM-USDT
Backpack XLM_USDC_PERP
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD
Lighter XLM