Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Phemex+0.170%59s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days+0.329%+$33 on $10k
+Price spread, last 4 days (all we have)−0.165%−$16 · spread now +0.170%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.162% dearer against Phemex than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XLMUSDT | 0.2116 | 0.0100 | pay 0.0100% / 8h | 56m 15s | $8.7M | $9.0M | 50x |
| Short | BloFin XLM-USDT | 0.2119 | 0.0220 | get 0.0220% / 8h | 56m 15s | $2.3M | $5.5M | 75x |
Phemex XLMUSDT
BloFin XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $25.2
- Price spread: +0.170% → +0.008%
- $16.25
- Slippage, 4 orders
- −$13.69
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $3.75
- Costs to cover
- 0.377%
- Break-even
- 6.0 days
Slippage from Phemex: live order book, 3 min ago; BloFin: 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 Phemex live order book, 3 min ago | 1.65 bp | 9.0 bp −$9 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 1.18 bp | 10.2 bp −$10 | 13.5 bp −$135 | 25.3 bp −$2,535 | 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 | 0.2113 | −0.104% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.444% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2117 | +0.085% | $365K | $941K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2116 | +0.031% | $562K | $615K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2116 | +0.007% | $54.3M | $162.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2114 | −0.061% | $42.9M | $47.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2116 | 0.000% | $12.2M | $44.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2115 | −0.047% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2115 | −0.014% | $24.5M | $28.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2114 | −0.057% | $14.0M | $9.4M | 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 | −0.028% | $25.4M | $22.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2115 | −0.014% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2116 | 0.000% | $129K | $348K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2116 | +0.025% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2119 | +0.155% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2119 | +0.161% | $594K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2118 | +0.132% | $170K | $263K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2115 | −0.028% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2116 | +0.005% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2114 | −0.061% | $576 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2118 | +0.128% | $195K | $249K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2116 | long leg | $8.7M | $9.0M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2114 | −0.069% | $189K | $1.5M | 10x | as long as short |
| BloFin XLM-USDTshort | +0.0220% | 8h | 0.2119 | +0.170% | $2.3M | $5.5M | 75x | |
| Phoenix XLM | +0.0263% | 1h | 0.2120 | +0.194% | $4K | $50K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2115 | −0.019% | $220K | $1.6M | 50x | as long as short |
| dYdX XLM-USD | +0.0511% | 1h | 0.2115 | −0.033% | $23K | $2K | 10x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2114 | −0.095% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0551% | 1h | 0.2115 | −0.034% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0665% | 1h | 0.2118 | +0.118% | $12.1M | $6.5M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0791% | 1h | 0.2116 | +0.009% | $524K | $172K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
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
Extended XLM-USD
Phoenix XLM
Coinbase International XLM-PERP-INTX
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL