Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Phemex−0.076%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)+0.215%+$21 · spread now −0.076%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.070% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.006%.
| 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 | 7h 36m | $8.7M | $8.8M | 50x |
| Short | MEXC XLM_USDT | 0.2115 | 0.0100 | get 0.0100% / 8h | 7h 36m | $24.6M | $28.9M | 300x |
Phemex XLMUSDT
MEXC XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- Price spread: −0.076% → −0.006%
- −$6.98
- Slippage, 4 orders
- −$13.63
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$32.6
- Costs to cover
- 0.256%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; MEXC: 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, 2 min ago | 1.42 bp | 8.1 bp −$8 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.47 bp | 2.1 bp −$2 | 8.1 bp −$81 | 34.9 bp −$3,490 | 108.3 bp −$54.2K |
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 | 0.2116 | −0.030% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.406% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2119 | +0.113% | $365K | $917K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2116 | −0.035% | $561K | $583K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2114 | −0.104% | $55.0M | $161.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2113 | −0.165% | $43.6M | $46.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2113 | −0.151% | $12.1M | $44.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2114 | −0.090% | $3.9M | $7.3M | 75x | as long as short |
| MEXC XLM_USDTshort | +0.0100% | 8h | 0.2115 | −0.076% | $24.6M | $28.9M | 300x | |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2115 | −0.057% | $13.9M | $9.1M | 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
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2114 | −0.095% | $25.5M | $23.0M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2115 | −0.076% | — | $7.3M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2116 | 0.000% | $129K | $344K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2112 | −0.201% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | −0.098% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2113 | −0.137% | $589K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2113 | −0.142% | $169K | $265K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2117 | +0.028% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2115 | −0.080% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2116 | −0.028% | $576 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2117 | +0.033% | $195K | $218K | 20x | as long as short |
| Phemex XLMUSDTlong | +0.0100% | 8h | 0.2116 | long leg | $8.7M | $8.8M | 50x | |
| Extended XLM-USD | +0.0104% | 1h | 0.2115 | −0.067% | $188K | $923K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2117 | +0.024% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2117 | +0.014% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2117 | +0.024% | $215K | $1.6M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0341% | 1h | 0.2116 | −0.008% | $2.5M | $2.6M | 50x | as long as short |
| Hyperliquid XLM | +0.0466% | 1h | 0.2118 | +0.095% | $12.1M | $6.3M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0247% | 1h | 0.2116 | −0.023% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0790% | 1h | 0.2118 | +0.071% | $525K | $148K | 25x | as long as short |
| dYdX XLM-USD | +0.0886% | 1h | 0.2116 | −0.036% | $23K | $2K | 10x | 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
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
dYdX XLM-USD