XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h −0.099%

Price spread now: Phoenix against Lighter−0.328%104s7-day average — · you buy dearer than you sell

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

Long on Lighter 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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.328% cheaper against Lighter than usual: you would sell low and buy high (spread −0.328% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 6.5 days of funding at the current rate (+$5 a day). The two prices were read 104 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	Lighter XLM	0.2134	0.0096	pay 0.0012% / 1h	27m 33s	$358K	$903K	5x
Short	Phoenix XLM	0.2127	0.0264	get 0.0033% / 1h	27m 33s	$5K	$46K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Lighter. 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 LighterbpFee PhoenixbpOrdersPrice spread, now −0.328%Rate

Funding earned: $35.33
Price spread: −0.328% → 0.000%: −$32.8
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$4.47
Costs to cover: 0.070%
Break-even: 7.9 days

Slippage unknown: Lighter: live order book, 33 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 Lighter live order book, 33 min ago	4.01 bp	22.9 bp −$23	54.7 bp −$547	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	0.2133	−0.074%	$4K	—	150x	as long as short
Lighter XLMlong	+0.0096%	1h	0.2134	long leg	$358K	$903K	5x
Binance XLMUSDT	+0.0100%	8h	0.2132	−0.099%	$54.7M	$154.2M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2131	−0.164%	$43.1M	$45.7M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2131	−0.131%	$12.6M	$41.9M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2131	−0.136%	$4.1M	$6.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2132	−0.108%	$23.9M	$26.9M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2131	−0.150%	$14.1M	$9.9M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2131	−0.131%	$25.5M	$21.1M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2131	−0.131%	—	$7.0M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2133	−0.066%	$97K	$273K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2139	+0.228%	$256K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2131	−0.160%	$12K	$304K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2142	+0.375%	$593K	$585K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2139	+0.239%	$171K	$256K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2134	−0.009%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2132	−0.098%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2133	−0.061%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2135	+0.042%	$197K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2135	+0.019%	$9.0M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2131	−0.140%	$190K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0107%	8h	0.2133	−0.040%	$567K	$624K	75x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2139	+0.211%	$2.3M	$5.0M	75x	as long as short
dYdX XLM-USD	+0.0233%	1h	0.2131	−0.143%	$23K	$2K	10x	as long as short
Phoenix XLMshort	+0.0264%	1h	0.2127	−0.328%	$5K	$46K	5x
Hyperliquid XLM	+0.0422%	1h	0.2133	−0.037%	$12.3M	$6.2M	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0461%	1h	0.2133	−0.066%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2137	+0.108%	$234K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0518% / S −0.0193%	1h	0.2133	−0.062%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0782%	1h	0.2134	0.000%	$530K	$153K	25x	as long as short
Injective XLM/USDC PERP	+0.1081%	1h	0.2125	−0.431%	$683	$241K	12x	as long as short