Funding you earn now, next payment 06:00 UTC+0.0665%/8h= +72.8% APRnext payment +$0.83 per $10,000 · paid last 24h +0.130%
Price spread now: Deribit against Phoenix+0.207%7-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 +$20 a day on $10k at the current rate, and Deribit is 0.207% dearer against Phoenix than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XLM | 0.2121 | 0.0263 | pay 0.0033% / 1h | 22m 50s | $4K | $50K | 5x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2125 | 0.0928 | get 0.0116% / 1h | 22m 50s | $527K | $168K | 25x |
Phoenix XLM
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $139.55
- Price spread: +0.207% → 0.000%
- $20.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $146.29
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 21 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 Deribit live order book, 21 min ago | 2.59 bp | 6.1 bp −$6 | 14.4 bp −$144 | 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 | 0.2123 | +0.066% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.184% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2126 | +0.250% | $367K | $945K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2123 | +0.070% | $562K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2124 | +0.153% | $54.6M | $163.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2123 | +0.090% | $43.0M | $47.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2124 | +0.146% | $12.2M | $44.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2123 | +0.075% | $4.0M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2124 | +0.151% | $25.2M | $29.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2123 | +0.099% | $14.1M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2124 | +0.113% | $25.5M | $23.0M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2124 | +0.113% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2123 | +0.096% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | −0.068% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2121 | −0.024% | $595K | $593K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2119 | −0.075% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2124 | +0.137% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2122 | +0.038% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2124 | +0.146% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2125 | +0.189% | $196K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2124 | +0.113% | $8.7M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2124 | +0.126% | $189K | $1.6M | 10x | as long as short |
| Hyperliquid XLM | +0.0174% | 1h | 0.2126 | +0.226% | $12.1M | $6.5M | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0199% | 1h | 0.2123 | +0.108% | $130K | $349K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2125 | +0.179% | $2.3M | $5.6M | 75x | as long as short |
| dYdX XLM-USD | +0.0229% | 1h | 0.2124 | +0.119% | $23K | $2K | 10x | as long as short |
| Phoenix XLMlong | +0.0263% | 1h | 0.2121 | long leg | $4K | $50K | 5x | |
| Kraken Futures PF_XLMUSD | +0.0332% | 1h | 0.2124 | +0.132% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2125 | +0.198% | $222K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2123 | +0.089% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0928% | 1h | 0.2125 | +0.207% | $527K | $168K | 25x |
Bitget XLMUSDT
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
Hyperliquid XLM
Backpack XLM_USDC_PERP
BloFin XLM-USDT
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]