Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX−0.057%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.057%, 7d avg +0.016%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.072% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XLM-USDT | 0.2117 | 0.0100 | pay 0.0100% / 8h | 36m 47s | — | $7.4M | — |
| Short | Phemex XLMUSDT | 0.2115 | 0.0100 | get 0.0100% / 8h | 36m 47s | $8.7M | $9.0M | 50x |
BingX XLM-USDT
Phemex XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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
- Price spread: −0.057% → +0.016%
- −$7.25
- Slippage, 4 orders
- −$14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$43.25
- Costs to cover
- 0.360%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; Phemex: live order book, 2 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 BingX live order book, 1 min ago | 0.24 bp | 6.4 bp −$6 | 12.5 bp −$125 | 26.0 bp −$2,599 | 131.2 bp −$65.6K |
| Sell Phemex live order book, 2 min ago | 2.12 bp | 8.6 bp −$9 | 15.3 bp −$153 | 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 | 0.2114 | −0.106% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.392% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2119 | +0.085% | $365K | $941K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2117 | +0.004% | $562K | $595K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2115 | −0.067% | $54.3M | $160.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2113 | −0.161% | $42.8M | $46.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2114 | −0.118% | $12.1M | $44.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2116 | −0.052% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2117 | +0.028% | $24.2M | $28.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2117 | +0.019% | $14.0M | $9.3M | 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 | 0.2115 | −0.085% | $25.4M | $22.6M | 75x | as long as short |
| BingX XLM-USDTlong | +0.0100% | 8h | 0.2117 | long leg | — | $7.4M | — | |
| Variational Omni XLM | +0.0100% | 8h | 0.2127 | +0.491% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2122 | +0.251% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2122 | +0.262% | $586K | $577K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2127 | +0.501% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2115 | −0.080% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2118 | +0.047% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2115 | −0.094% | $576 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2116 | −0.033% | $195K | $230K | 20x | as long as short |
| Phemex XLMUSDTshort | +0.0100% | 8h | 0.2115 | −0.057% | $8.7M | $9.0M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2116 | −0.025% | $190K | $1.3M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2115 | −0.090% | $2.3M | $5.5M | 75x | as long as short |
| Backpack XLM_USDC_PERP | +0.0251% | 1h | 0.2117 | +0.005% | $129K | $344K | 20x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2122 | +0.246% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0330% | 1h | 0.2115 | −0.100% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2118 | +0.052% | $219K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2114 | −0.126% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0551% | 1h | 0.2115 | −0.104% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0570% | 1h | 0.2118 | +0.061% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0743% | 1h | 0.2117 | −0.009% | $525K | $172K | 25x | as long as short |
Bitget XLMUSDT
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
Backpack XLM_USDC_PERP
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL