Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against KuCoin−0.130%50s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$600.603% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.130%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.132% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 50 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 | KuCoin XLMUSDTM | 0.2153 | 0.0100 | pay 0.0100% / 8h | 7h 45m | $14.3M | $10.3M | 75x |
| Short | Phemex XLMUSDT | 0.2150 | 0.0100 | get 0.0100% / 8h | 7h 45m | $9.0M | $9.1M | 50x |
KuCoin XLMUSDTM
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- $0
- Price spread: −0.130% → +0.002%
- −$13.17
- Slippage, 4 orders
- −$36.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$73.52
- Costs to cover
- 0.603%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 4 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 KuCoin live order book, 3 min ago | 1.63 bp | 17.5 bp −$18 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.02 bp | 10.6 bp −$11 | 18.9 bp −$189 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2157 | +0.190% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2153 | −0.013% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0059% | 1h | 0.2152 | −0.058% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2154 | +0.056% | $397K | $838K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2156 | +0.134% | $578K | $688K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2154 | +0.042% | $55.6M | $151.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2153 | +0.005% | $43.9M | $44.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2153 | −0.005% | $13.0M | $41.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2153 | +0.009% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2154 | +0.037% | $25.1M | $26.2M | 300x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTMlong | +0.0100% | 8h | 0.2153 | long leg | $14.3M | $10.3M | 75x | |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2153 | +0.009% | $25.6M | $19.5M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2153 | +0.014% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2150 | −0.130% | $88K | $270K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2151 | −0.081% | $283K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2154 | +0.037% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2153 | +0.023% | $596K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2150 | −0.121% | $172K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2154 | +0.051% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2152 | −0.060% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2154 | +0.028% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2152 | −0.033% | $198K | $257K | 20x | as long as short |
| Phemex XLMUSDTshort | +0.0100% | 8h | 0.2150 | −0.130% | $9.0M | $9.1M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2153 | +0.007% | $193K | $1.6M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0184% | 1h | 0.2154 | +0.031% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2152 | −0.065% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2154 | +0.056% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2152 | −0.040% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0388% | 1h | 0.2156 | +0.150% | $12.5M | $6.2M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2151 | −0.084% | $229K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0633% | 1h | 0.2155 | +0.088% | $535K | $162K | 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
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL