Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against OKX+0.048%53s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as 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−$380.376% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.048%, 7d avg +0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.021% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 53 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 | OKX XLM-USDT-SWAP | 0.2104 | 0.0100 | pay 0.0100% / 8h | 4h 23m | $11.7M | $37.2M | 50x |
| Short | Phemex XLMUSDT | 0.2105 | 0.0100 | get 0.0100% / 8h | 4h 23m | $8.7M | $8.7M | 50x |
OKX XLM-USDT-SWAP
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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: +0.048% → +0.027%
- $2.09
- Slippage, 4 orders
- −$15.64
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$35.55
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Phemex: live order book, 5 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 OKX live order book, 5 min ago | 0.24 bp | 9.8 bp −$10 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 0.71 bp | 9.8 bp −$10 | 16.5 bp −$165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2105 | +0.045% | $10K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0040% | 1h | 0.2102 | −0.082% | $23K | $3K | 10x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2105 | +0.057% | $53.4M | $138.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2104 | +0.029% | $42.7M | $38.0M | 75x | as long as short |
| OKX XLM-USDT-SWAPlong | +0.0100% | 8h | 0.2104 | long leg | $11.7M | $37.2M | 50x | |
| Gate XLM_USDT | +0.0100% | 8h | 0.2104 | −0.010% | $3.9M | $5.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2105 | +0.043% | $23.9M | $24.5M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2103 | −0.043% | $14.1M | $9.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2105 | +0.048% | $24.9M | $16.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2104 | +0.005% | — | $6.7M | — | as long as short |
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Binance XLMUSDT
Bybit XLMUSDT
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2105 | +0.052% | $99K | $202K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2096 | −0.352% | $202K | $928K | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2103 | −0.053% | $11K | $296K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2106 | +0.108% | $581K | $569K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2103 | −0.043% | $168K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2105 | +0.052% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2107 | +0.157% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2104 | +0.029% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2105 | +0.048% | $196K | $270K | 20x | as long as short |
| Phemex XLMUSDTshort | +0.0100% | 8h | 0.2105 | +0.048% | $8.7M | $8.7M | 50x | |
| Aster XLMUSDT | +0.0102% | 8h | 0.2105 | +0.074% | $584K | $763K | 75x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2104 | +0.011% | $205K | $1.5M | 10x | as long as short |
| Phoenix XLM | +0.0153% | 1h | 0.2104 | −0.005% | $5K | $40K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0157% / S +0.0049% | 1h | 0.2104 | +0.007% | $46K | — | 100x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2104 | +0.014% | $2.2M | $6.1M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0252% | 1h | 0.2104 | +0.005% | $471 | $99K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0349% | 1h | 0.2105 | +0.063% | $2.5M | $2.1M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0424% | 1h | 0.2107 | +0.133% | $251K | $1.4M | 50x | as long as short |
| Hyperliquid XLM | +0.0453% | 1h | 0.2106 | +0.086% | $11.4M | $5.5M | 5x | as long as short |
| Lighter XLM | +0.0512% | 1h | 0.2108 | +0.185% | $430K | $671K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0605% | 1h | 0.2107 | +0.133% | $523K | $152K | 25x | as long as short |
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
Aster XLMUSDT
Extended XLM-USD
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
BloFin XLM-USDT
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Lighter XLM
Deribit XLM_USDC-PERPETUAL