XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.033%

Price spread now: Kraken Futures against Phoenix−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Kraken Futures

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Kraken Futures is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XLM	0.2126	0.0225	pay 0.0028% / 1h	35m 21s	$5K	$46K	5x
Short	Kraken Futures PF_XLMUSD	0.2125	0.0265	get 0.0033% / 1h	35m 21s	$2.6M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Kraken FuturesbpOrdersPrice spread, now −0.032%Rate

Funding earned: $8.47
Price spread: −0.032% → 0.000%: −$3.15
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$11.68
Costs to cover: 0.170%
Break-even: 16.6 days

Slippage unknown: Phoenix: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 3 min ago	5.41 bp	16.0 bp −$16	36.2 bp −$362	145.7 bp −$14.6K	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	0.2125	−0.024%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.047%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2126	−0.014%	$368K	$966K	5x	as long as short
Hyperliquid XLM	+0.0100%	1h	0.2127	+0.058%	$12.2M	$6.2M	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2126	−0.010%	$565K	$625K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2126	+0.005%	$54.3M	$154.8M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2125	−0.042%	$42.9M	$45.6M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2125	−0.028%	$12.5M	$42.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2126	−0.005%	$4.0M	$6.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2126	0.000%	$23.7M	$26.8M	300x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLMUSDTM	+0.0100%	8h	0.2126	−0.009%	$14.0M	$9.7M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2126	−0.005%	$25.5M	$21.2M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2126	−0.009%	—	$7.1M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2122	−0.202%	$95K	$273K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2118	−0.370%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2126	−0.002%	$12K	$305K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2126	+0.022%	$591K	$592K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2126	−0.009%	$170K	$258K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2126	0.000%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2123	−0.132%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2126	−0.019%	$579	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2120	−0.301%	$196K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2121	−0.235%	$8.9M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2125	−0.037%	$189K	$1.8M	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2127	+0.024%	$2.3M	$5.0M	75x	as long as short
Phoenix XLMlong	+0.0225%	1h	0.2126	long leg	$5K	$46K	5x
dYdX XLM-USD	+0.0260%	1h	0.2126	−0.017%	$23K	$2K	10x	as long as short
Kraken Futures PF_XLMUSDshort	+0.0265%	1h	0.2125	−0.032%	$2.6M	$2.7M	50x
Coinbase International XLM-PERP-INTX	+0.0480%	1h	0.2125	−0.024%	$238K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0518% / S −0.0247%	1h	0.2125	−0.058%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0926%	1h	0.2128	+0.085%	$528K	$153K	25x	as long as short