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: Phoenix against Coinbase International−0.222%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Phoenix is 0.222% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International XLM-PERP-INTX | 0.2159 | 0.0432 | pay 0.0054% / 1h | 5m 20s | $234K | $1.6M | 50x |
| Short | Phoenix XLM | 0.2154 | 0.0221 | get 0.0028% / 1h | 5m 20s | $5K | $41K | 5x |
Coinbase International XLM-PERP-INTX
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Coinbase International. 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: −0.222% → 0.000%
- −$22.23
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$83.48
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago | 4.87 bp | 12.6 bp −$13 | 17.2 bp −$172 | 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 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 | 0.2154 | −0.244% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0022% | 1h | 0.2153 | −0.286% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2157 | −0.122% | $585K | $816K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2155 | −0.199% | $55.9M | $151.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2154 | −0.236% | $43.9M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2154 | −0.250% | $13.1M | $42.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2154 | −0.236% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2155 | −0.171% | $25.9M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2154 | −0.250% | $14.2M | $10.7M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2155 | −0.213% | $25.7M | $19.3M | 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 | 0.2155 | −0.213% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2156 | −0.139% | $296K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2153 | −0.297% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2160 | +0.028% | $601K | $625K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2153 | −0.306% | $172K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2154 | −0.241% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2152 | −0.324% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2155 | −0.218% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2155 | −0.218% | $199K | $263K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2155 | −0.195% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2154 | −0.230% | $193K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0156% | 1h | 0.2156 | −0.162% | $97K | $272K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2155 | −0.195% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLMshort | +0.0221% | 1h | 0.2154 | −0.222% | $5K | $41K | 5x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2153 | −0.274% | $45K | — | 100x | as long as short |
| Lighter XLM | +0.0352% | 1h | 0.2158 | −0.051% | $417K | $813K | 5x | as long as short |
| Hyperliquid XLM | +0.0413% | 1h | 0.2157 | −0.125% | $12.3M | $6.1M | 5x | as long as short |
| Coinbase International XLM-PERP-INTXlong | +0.0432% | 1h | 0.2159 | long leg | $234K | $1.6M | 50x | |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2028 | −6.076% | $5K | $238K | 12x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0507% | 1h | 0.2156 | −0.171% | $2.6M | $2.7M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0678% | 1h | 0.2156 | −0.144% | $535K | $166K | 25x | 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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
GMX XLM/USD [WBTC.b-USDC]
Lighter XLM
Hyperliquid XLM
Injective XLM/USDC PERP
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL