After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.087%7d average−0.059%fees + slippage, in and out−$41spread needed0.414%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XLM_USDC-PERPETUAL | 0.2079 | 0.0568 | pay 0.0071% / 1h | 39m 24s | $516K | $139K | 25x |
| Short | Phemex XLMUSDT | 0.2077 | 0.0100 | get 0.0100% / 8h | 1h 39m | $8.6M | $8.9M | 50x |
Deribit XLM_USDC-PERPETUAL
Phemex XLMUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$8.66
- Funding while held
- −$14.04
- Slippage, 4 orders
- −$22.36
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$64.06
- Spread needed to break even
- 0.414%
Slippage from Deribit: live order book, 6 min ago; Phemex: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0468%
- Per $10,000 a day
- −$14.04
- Average in range /8h
- —
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 Deribit live order book, 6 min ago | 5.29 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 3.85 bp | 11.8 bp −$12 | 27.3 bp −$273 | doesn't fit | doesn't fit |
XLM price on every exchange
against the cheapest. Click to use as the short leg.Injective0.1966cheapest
SunX0.2075+5.529%Variational Omni0.2076+5.595%GMX0.2077+5.642%SoDEX0.2077+5.656%
Injective
SunX
Variational Omni
GMX
SoDEXPhemex0.2077+5.656%
edgeX0.2077+5.658%Backpack0.2078+5.682%HTX0.2078+5.682%Kraken Futures0.2078+5.683%ApeX Omni0.2078+5.697%Orderly0.2078+5.697%BloFin0.2078+5.707%dYdX0.2078+5.715%Gate0.2079+5.727%Extended0.2079+5.728%Phoenix0.2079+5.732%gTrade (Gains Network)0.2079+5.739%OKX0.2079+5.743%KuCoin0.2079+5.743%Bybit0.2079+5.748%BingX0.2079+5.748%
Backpack
HTX
Kraken Futures
ApeX Omni
Orderly
BloFin
dYdX
Gate
Extended
Phoenix
gTrade (Gains Network)
OKX
KuCoin
Bybit
BingXDeribit0.2079+5.748%
Aster0.2079+5.768%Bitget0.2080+5.778%Binance0.2080+5.798%Lighter0.2080+5.814%MEXC0.2080+5.819%Hyperliquid0.2081+5.855%Coinbase International0.2083+5.931%
Aster
Bitget
Binance
Lighter
MEXC
Hyperliquid
Coinbase InternationalXLM on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −5.435% | +0.0033% | 1h | $786 | $102K | 12x | as long as short |
| SunX XLM-USDT | −0.207% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| Variational Omni XLM | −0.145% | +0.0100% | 8h | $260K | $615K | — | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | −0.100% | L +0.0334% / S −0.0203% | 1h | $41K | — | 100x | as long as short |
| SoDEX XLM-USD | −0.087% | +0.0100% | 1h | $435 | $5K | 5x | as long as short |
| Phemex XLMUSDTshort | −0.087% | +0.0100% | 8h | $8.6M | $8.9M | 50x | |
| edgeX XLMUSDC | −0.085% | +0.0100% | 4h | $14K | $287K | 10x | as long as short |
| Backpack XLM_USDC_PERP | −0.063% | +0.0148% | 1h | $100K | $194K | 20x | as long as short |
| HTX XLM-USDT | −0.063% | +0.0100% | 8h | $193K | $376K | 20x | as long as short |
| Kraken Futures PF_XLMUSD | −0.061% | +0.0360% | 1h | $2.3M | $2.1M | 50x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni XLMUSDT | −0.048% | +0.0084% | 1h | $166K | $242K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | −0.048% | +0.0100% | 4h | $3K | $2K | 10x | as long as short |
| BloFin XLM-USDT | −0.038% | +0.0220% | 8h | $2.2M | $5.7M | 75x | as long as short |
| dYdX XLM-USD | −0.031% | +0.0122% | 1h | $23K | $1K | 10x | as long as short |
| Gate XLM_USDT | −0.019% | +0.0100% | 8h | $3.7M | $6.0M | 75x | as long as short |
| Extended XLM-USD | −0.019% | +0.0104% | 1h | $206K | $1.5M | 10x | as long as short |
| Phoenix XLM | −0.014% | +0.0153% | 1h | $13K | $34K | 5x | as long as short |
| gTrade (Gains Network) XLM/USD | −0.008% | L 0.0000% / S +0.0002% | 1h | $10K | — | 150x | as long as short |
| OKX XLM-USDT-SWAP | −0.005% | +0.0100% | 8h | $11.5M | $34.1M | 50x | as long as short |
| KuCoin XLMUSDTM | −0.005% | +0.0100% | 8h | $13.9M | $9.3M | 75x | as long as short |
| Bybit XLMUSDT | 0.000% | +0.0100% | 8h | $40.9M | $35.5M | 75x | as long as short |
| BingX XLM-USDC | 0.000% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Deribit XLM_USDC-PERPETUALlong | 0.000% | +0.0568% | 1h | $516K | $139K | 25x | |
| Aster XLMUSDT | +0.019% | +0.0100% | 8h | $561K | $1.1M | 75x | as long as short |
| Bitget XLMUSDT | +0.029% | +0.0100% | 8h | $24.3M | $16.5M | 75x | as long as short |
| Binance XLMUSDT | +0.047% | +0.0100% | 8h | $50.7M | $133.5M | 75x | as long as short |
| Lighter XLM | +0.063% | +0.0272% | 1h | $466K | $709K | 5x | as long as short |
| MEXC XLM_USDT | +0.067% | +0.0100% | 8h | $26.0M | $23.2M | 300x | as long as short |
| Hyperliquid XLM | +0.101% | +0.0261% | 1h | $11.2M | $5.4M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.173% | +0.0376% | 1h | $269K | $1.3M | 50x | as long as short |