Funding you earn now, next payment 01:00 UTC−0.0195%/8h= −21.4% APRnext payment −$0.24 per $10,000 · paid last 24h −0.031%
Price spread now: Phoenix against Kraken Futures−0.032%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 0.032% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 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 | Kraken Futures PF_XLMUSD | 0.2117 | 0.0382 | pay 0.0048% / 1h | 38m 59s | $2.6M | $2.6M | 50x |
| Short | Phoenix XLM | 0.2116 | 0.0187 | get 0.0023% / 1h | 38m 59s | $5K | $46K | 5x |
Kraken Futures PF_XLMUSD
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Kraken Futures. 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
- −$40.96
- Price spread: −0.032% → 0.000%
- −$3.22
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$61.17
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago | 6.11 bp | 12.6 bp −$13 | 20.4 bp −$204 | 130.8 bp −$13.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2113 | −0.165% | $23K | $2K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2116 | −0.054% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.393% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2117 | +0.001% | $360K | $892K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2118 | +0.075% | $53.8M | $154.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2117 | +0.015% | $42.5M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2116 | −0.032% | $12.6M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2117 | −0.009% | $4.0M | $6.6M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2117 | −0.009% | $23.8M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2117 | −0.004% | $14.0M | $10.0M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
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 | 0.2116 | −0.042% | $25.1M | $20.6M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2117 | +0.010% | — | $7.2M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2117 | +0.001% | $88K | $263K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2115 | −0.071% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | +0.416% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2115 | −0.089% | $592K | $612K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2124 | +0.341% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2116 | −0.032% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2107 | −0.467% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2117 | −0.009% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2116 | −0.032% | $195K | $269K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2116 | −0.032% | $8.9M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2116 | −0.038% | $190K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0117% | 8h | 0.2115 | −0.099% | $565K | $631K | 75x | as long as short |
| Hyperliquid XLM | +0.0136% | 1h | 0.2118 | +0.076% | $12.2M | $6.4M | 5x | as long as short |
| Phoenix XLMshort | +0.0187% | 1h | 0.2116 | −0.032% | $5K | $46K | 5x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2134 | +0.828% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSDlong | +0.0382% | 1h | 0.2117 | long leg | $2.6M | $2.6M | 50x | |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2116 | −0.051% | $232K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0193% | 1h | 0.2115 | −0.070% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0601% | 1h | 0.2117 | +0.006% | $525K | $150K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
Backpack XLM_USDC_PERP
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
Aster XLMUSDT
Hyperliquid XLM
BloFin XLM-USDT
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL