XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0193%/8h= +21.1% APRnext payment +$0.24 per $10,000 · paid last 24h +0.199%

Price spread now: Phoenix against Injective−0.452%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Phoenix is 0.452% cheaper against Injective than usual: you would sell low and buy high (spread −0.452% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$45 on $10k: about 7.8 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XLM/USDC PERP	0.2125	0.0033	pay 0.0004% / 1h	8m 41s	$683	$241K	12x
Short	Phoenix XLM	0.2115	0.0226	get 0.0028% / 1h	8m 41s	$4K	$49K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersPrice spread, now −0.452%Rate

Funding earned: $40.46
Price spread: −0.452% → 0.000%: −$45.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$11.73
Costs to cover: 0.070%
Break-even: 9.0 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Injective and 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	0.2128	+0.162%	$4K	—	150x	as long as short
Injective XLM/USDC PERPlong	+0.0033%	1h	0.2125	long leg	$683	$241K	12x
Lighter XLM	+0.0096%	1h	0.2134	+0.442%	$357K	$996K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2131	+0.299%	$565K	$634K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2132	+0.344%	$54.7M	$162.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2131	+0.264%	$43.1M	$47.6M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2132	+0.311%	$12.3M	$44.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2131	+0.282%	$4.0M	$7.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2131	+0.278%	$24.7M	$28.6M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2129	+0.188%	$13.9M	$9.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2131	+0.264%	$25.7M	$22.9M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2131	+0.301%	—	$7.4M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2123	−0.088%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2124	−0.053%	$12K	$306K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2125	+0.016%	$589K	$602K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2125	−0.005%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2129	+0.188%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2127	+0.099%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2129	+0.165%	$580	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2129	+0.193%	$196K	$251K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2128	+0.136%	$8.8M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2131	+0.286%	$190K	$1.8M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0133%	1h	0.2129	+0.184%	$132K	$315K	20x	as long as short
Kraken Futures PF_XLMUSD	+0.0142%	1h	0.2129	+0.184%	$2.6M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0200%	1h	0.2131	+0.268%	$12.1M	$6.6M	5x	as long as short
dYdX XLM-USD	+0.0217%	1h	0.2131	+0.294%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2129	+0.202%	$2.3M	$5.6M	75x	as long as short
Phoenix XLMshort	+0.0226%	1h	0.2115	−0.452%	$4K	$49K	5x
Coinbase International XLM-PERP-INTX	+0.0456%	1h	0.2130	+0.259%	$224K	$1.7M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0518% / S −0.0247%	1h	0.2129	+0.188%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.1018%	1h	0.2131	+0.292%	$528K	$167K	25x	as long as short