Funding you earn now, next payment 22:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h +0.091%
Price spread now: Coinbase International against Phoenix+0.557%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.557% dearer against Phoenix than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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 | Phoenix XLM | 0.2173 | 0.0221 | pay 0.0028% / 1h | 45m 39s | $5K | $41K | 5x |
| Short | Coinbase International XLM-PERP-INTX | 0.2185 | 0.0432 | get 0.0054% / 1h | 45m 39s | $232K | $1.5M | 50x |
Phoenix XLM
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phoenix. 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
- $44.25
- Price spread: +0.557% → 0.000%
- $55.69
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $82.94
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 3 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 4.35 bp | 12.4 bp −$12 | 17.0 bp −$170 | doesn't fit | doesn't fit |
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 | 0.2184 | +0.504% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0016% | 1h | 0.2187 | +0.673% | $24K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2190 | +0.778% | $595K | $799K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2192 | +0.867% | $57.1M | $148.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2191 | +0.828% | $44.6M | $42.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2190 | +0.815% | $13.3M | $42.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2186 | +0.626% | $4.0M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2191 | +0.824% | $26.0M | $25.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2191 | +0.833% | $14.7M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2189 | +0.732% | $26.2M | $18.6M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDC | +0.0100% | 8h | 0.2187 | +0.663% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | −0.386% | $246K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2167 | −0.280% | $12K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2170 | −0.119% | $606K | $622K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2177 | +0.189% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2185 | +0.566% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2182 | +0.433% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2185 | +0.543% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2181 | +0.382% | $201K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2184 | +0.520% | $9.2M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2187 | +0.665% | $195K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2181 | +0.364% | $2.4M | $6.3M | 75x | as long as short |
| Phoenix XLMlong | +0.0221% | 1h | 0.2173 | long leg | $5K | $41K | 5x | |
| Backpack XLM_USDC_PERP | +0.0340% | 1h | 0.2185 | +0.557% | $104K | $253K | 20x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0344% / S −0.0195% | 1h | 0.2183 | +0.480% | $49K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0368% | 1h | 0.2190 | +0.787% | $12.4M | $6.0M | 5x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0432% | 1h | 0.2185 | +0.557% | $232K | $1.5M | 50x | |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2156 | −0.769% | $116 | $185K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0500% | 1h | 0.2185 | +0.566% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0574% | 1h | 0.2186 | +0.603% | $542K | $174K | 25x | as long as short |
| Lighter XLM | +0.0664% | 1h | 0.2193 | +0.930% | $431K | $805K | 5x | as long as short |
BingX XLM-USDC
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
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Backpack XLM_USDC_PERP
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL
Lighter XLM