Funding you earn now, next payment 11:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.022%
Price spread now: Phoenix against Backpack+0.033%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 +$2 a day on $10k at the current rate, and Phoenix is 0.033% dearer against Backpack than usual: you sell high and buy low: +$3 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 | Backpack XLM_USDC_PERP | 0.2119 | 0.0100 | pay 0.0013% / 1h | 8m 14s | $119K | $298K | 20x |
| Short | Phoenix XLM | 0.2120 | 0.0152 | get 0.0019% / 1h | 8m 14s | $4K | $45K | 5x |
Backpack XLM_USDC_PERP
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Backpack. 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
- $10.98
- Price spread: +0.033% → 0.000%
- $3.3
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$2.72
- Costs to cover
- 0.170%
- Break-even
- 8.7 days
Slippage unknown: Backpack: live order book, 33 min ago; Phoenix: 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 Backpack live order book, 33 min ago | 0.95 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 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 | 0.2115 | −0.191% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.269% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2117 | −0.085% | $362K | $748K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2118 | −0.061% | $562K | $354K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2117 | −0.123% | $54.8M | $137.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2116 | −0.170% | $43.8M | $40.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2116 | −0.142% | $12.2M | $41.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2116 | −0.175% | $4.0M | $6.4M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2116 | −0.146% | $24.2M | $27.5M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2117 | −0.132% | $14.0M | $8.2M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2116 | −0.146% | $26.0M | $20.6M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2117 | −0.132% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0100% | 1h | 0.2119 | long leg | $119K | $298K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2117 | −0.112% | $254K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | +0.029% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2119 | −0.027% | $589K | $495K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2119 | 0.000% | $170K | $250K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2115 | −0.203% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2117 | −0.127% | $2K | $1.3M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2116 | −0.165% | $576 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2117 | −0.109% | $191K | $236K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2115 | −0.203% | $8.6M | $8.4M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2116 | −0.167% | $188K | $602K | 10x | as long as short |
| Phoenix XLMshort | +0.0152% | 1h | 0.2120 | +0.033% | $4K | $45K | 5x | |
| Kraken Futures PF_XLMUSD | +0.0212% | 1h | 0.2116 | −0.160% | $2.7M | $2.4M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2122 | +0.127% | $2.3M | $5.1M | 75x | as long as short |
| Hyperliquid XLM | +0.0285% | 1h | 0.2117 | −0.090% | $12.3M | $4.2M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0368% | 1h | 0.2122 | +0.113% | $200K | $1.2M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0512% / S −0.0245% | 1h | 0.2115 | −0.201% | $39K | — | 100x | as long as short |
| dYdX XLM-USD | +0.0733% | 1h | 0.2116 | −0.133% | $27K | $5K | 10x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0743% | 1h | 0.2118 | −0.080% | $525K | $104K | 25x | as long as short |
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
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
dYdX XLM-USD
Deribit XLM_USDC-PERPETUAL