Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.110%
Price spread now: Lighter against Phemex+0.033%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$650.649% of the position
Funding, last 7 days+0.223%+$22 on $10k
+Price spread, last 3 days (all we have)+0.107%+$11 · spread now +0.033%, 7d avg +0.093%
=Together, before fees+0.330%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.060% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.093%.
| 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 | 6h 39m | $8.9M | $9.0M | 50x |
| Short | Lighter XLM | 0.2117 | 0.0096 | get 0.0012% / 1h | 39m 02s | $360K | $892K | 5x |
Phemex XLMUSDT
Lighter XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.033% → +0.093%
- −$5.96
- Slippage, 4 orders
- −$52.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$71.7
- Costs to cover
- 0.649%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Lighter: live order book, 26 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, 5 min ago | 1.41 bp | 8.7 bp −$9 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 26 min ago | 4.85 bp | 15.6 bp −$16 | 56.3 bp −$563 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2113 | −0.133% | $23K | $2K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2116 | −0.022% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.425% | $683 | $241K | 12x | as long as short |
| Lighter XLMshort | +0.0096% | 1h | 0.2117 | +0.033% | $360K | $892K | 5x | |
| Binance XLMUSDT | +0.0100% | 8h | 0.2118 | +0.107% | $53.8M | $154.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2117 | +0.047% | $42.5M | $46.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2116 | 0.000% | $12.6M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2117 | +0.024% | $4.0M | $6.6M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2117 | +0.024% | $23.8M | $26.7M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2117 | +0.028% | $14.0M | $10.0M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
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 | −0.009% | $25.1M | $20.6M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2117 | +0.043% | — | $7.2M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2117 | +0.033% | $88K | $263K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2115 | −0.039% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | +0.448% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2115 | −0.057% | $592K | $612K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2124 | +0.373% | $170K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2116 | 0.000% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2107 | −0.435% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2117 | +0.024% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2116 | 0.000% | $195K | $269K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2116 | long leg | $8.9M | $9.0M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2116 | −0.005% | $190K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0117% | 8h | 0.2115 | −0.067% | $565K | $631K | 75x | as long as short |
| Hyperliquid XLM | +0.0136% | 1h | 0.2118 | +0.109% | $12.2M | $6.4M | 5x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2116 | 0.000% | $5K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2134 | +0.860% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0382% | 1h | 0.2117 | +0.032% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2116 | −0.019% | $232K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0193% | 1h | 0.2115 | −0.038% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0601% | 1h | 0.2117 | +0.038% | $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
Extended XLM-USD
Aster XLMUSDT
Hyperliquid XLM
Phoenix XLM
BloFin XLM-USDT
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL