Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.181%
Price spread now: Injective against Phemex+1.186%7-day average −0.150% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)−1.327%−$133 · spread now +1.186%, 7d avg −0.150%
=The price spread pays, funding is against you. Injective is 1.335% dearer against Phemex than usual: you sell high and buy low (spread +1.186% now, against its 7-day average of −0.150%): +$134 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XLMUSDT | 0.2100 | 0.0100 | pay 0.0100% / 8h | 5h 02m | $8.5M | $8.3M | 50x |
| Short | Injective XLM/USDC PERP | 0.2125 | 0.0033 | get 0.0004% / 1h | 2m 28s | $683 | $241K | 12x |
Phemex XLMUSDT
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phemex. 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
- −$14
- Price spread: +1.186% → −0.150%
- $133.53
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $107.51
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 5 min ago; Injective: 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 Phemex live order book, 5 min ago | 0.71 bp | 7.2 bp −$7 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 exchanges
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 | 0.2098 | −0.086% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERPshort | +0.0033% | 1h | 0.2125 | +1.186% | $683 | $241K | 12x | |
| Lighter XLM | +0.0096% | 1h | 0.2103 | +0.119% | $369K | $807K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2102 | +0.073% | $557K | $358K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2101 | +0.032% | $54.3M | $141.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2099 | −0.052% | $43.2M | $40.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2101 | +0.024% | $12.2M | $41.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2099 | −0.043% | $3.9M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2100 | +0.010% | $24.1M | $27.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2100 | +0.010% | $13.9M | $8.5M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2099 | −0.038% | $25.7M | $21.0M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2099 | −0.038% | — | $6.8M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2100 | −0.024% | $119K | $297K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2098 | −0.103% | $250K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2099 | −0.056% | $11K | $311K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2100 | −0.019% | $580K | $501K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2099 | −0.033% | $168K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2099 | −0.052% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2100 | +0.005% | $1K | $1.3M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2100 | −0.019% | $572 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2100 | +0.005% | $189K | $238K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2100 | long leg | $8.5M | $8.3M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2100 | −0.026% | $190K | $609K | 10x | as long as short |
| Phoenix XLM | +0.0150% | 1h | 0.2100 | −0.005% | $4K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2100 | −0.010% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0258% | 1h | 0.2100 | +0.003% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2106 | +0.276% | $210K | $1.3M | 50x | as long as short |
| Hyperliquid XLM | +0.0346% | 1h | 0.2102 | +0.090% | $12.2M | $5.6M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0509% / S −0.0245% | 1h | 0.2098 | −0.090% | $39K | — | 100x | as long as short |
| dYdX XLM-USD | +0.0535% | 1h | 0.2099 | −0.059% | $26K | $5K | 10x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0798% | 1h | 0.2102 | +0.071% | $521K | $103K | 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
Phoenix XLM
BloFin XLM-USDT
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
dYdX XLM-USD
Deribit XLM_USDC-PERPETUAL