Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.111%
Price spread now: Lighter against Phemex+0.222%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$540.538% of the position
Funding, last 7 days+0.224%+$22 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.222%, 7d avg +0.092%
=Together, before fees+0.317%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.129% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XLMUSDT | 0.2121 | 0.0100 | pay 0.0100% / 8h | 4h 35m | $8.9M | $8.9M | 50x |
| Short | Lighter XLM | 0.2126 | 0.0096 | get 0.0012% / 1h | 35m 22s | $368K | $966K | 5x |
Phemex XLMUSDT
Lighter XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.222% → +0.092%
- $12.94
- Slippage, 4 orders
- −$41.84
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$41.74
- Costs to cover
- 0.538%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Lighter: live order book, 20 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 Phemex live order book, 4 min ago | 1.65 bp | 8.5 bp −$8 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 20 min ago | 6.10 bp | 18.1 bp −$18 | 58.4 bp −$584 | 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 | 0.2125 | +0.212% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.189% | $683 | $241K | 12x | as long as short |
| Lighter XLMshort | +0.0096% | 1h | 0.2126 | +0.222% | $368K | $966K | 5x | |
| Hyperliquid XLM | +0.0100% | 1h | 0.2127 | +0.294% | $12.2M | $6.2M | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2126 | +0.226% | $565K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2126 | +0.240% | $54.3M | $154.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2125 | +0.193% | $42.9M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2125 | +0.207% | $12.5M | $42.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2126 | +0.231% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2126 | +0.236% | $23.7M | $26.8M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Hyperliquid 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 XLMUSDTM | +0.0100% | 8h | 0.2126 | +0.226% | $14.0M | $9.7M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2126 | +0.231% | $25.5M | $21.2M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2126 | +0.226% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2122 | +0.033% | $95K | $273K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2118 | −0.135% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2126 | +0.234% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2126 | +0.258% | $591K | $592K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2126 | +0.226% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2126 | +0.236% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2123 | +0.104% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2126 | +0.217% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2120 | −0.066% | $196K | $252K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2121 | long leg | $8.9M | $8.9M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2125 | +0.199% | $189K | $1.8M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2127 | +0.259% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2126 | +0.236% | $5K | $46K | 5x | as long as short |
| dYdX XLM-USD | +0.0260% | 1h | 0.2126 | +0.219% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0265% | 1h | 0.2125 | +0.204% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0480% | 1h | 0.2125 | +0.212% | $238K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2125 | +0.178% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0926% | 1h | 0.2128 | +0.321% | $528K | $153K | 25x | as long as short |
KuCoin XLMUSDTM
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
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL