Spread before costs (cost unknown: a leg has no order-book sample)−0.081%
7d average—if it closes, per $10,000$8funding while held, a day−$1.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XLM | 0.2107 | 0.0152 | pay 0.0019% / 1h | 44m 00s | $13K | $31K | 5x |
| Short | Binance XLMUSDT | 0.2105 | 0.0100 | get 0.0100% / 8h | 44m 00s | $52.2M | $137.3M | 75x |
Phoenix XLM
Binance 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
- −$8.07
- Funding while held
- −$1.56
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.63
- Spread needed to break even
- 0.170%
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 16 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0052%
- Per $10,000 a day
- −$1.56
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 16 min ago | 0.24 bp | 7.8 bp −$8 | 14.1 bp −$141 | 37.2 bp −$3,718 | doesn't fit |
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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.1966cheapest
SunX0.2102+6.892%Bitget0.2103+6.974%Bybit0.2103+6.984%BingX0.2104+6.994%OKX0.2104+6.999%Extended0.2104+7.007%Gate0.2104+7.014%Orderly0.2104+7.019%Backpack0.2104+7.024%KuCoin0.2104+7.030%Variational Omni0.2104+7.032%MEXC0.2104+7.040%gTrade (Gains Network)0.2105+7.055%SoDEX0.2105+7.055%Phemex0.2105+7.060%
Injective
SunX
Bitget
Bybit
BingX
OKX
Extended
Gate
Orderly
Backpack
KuCoin
Variational Omni
MEXC
gTrade (Gains Network)
SoDEX
PhemexBinance0.2105+7.065%
GMX0.2105+7.067%Kraken Futures0.2105+7.069%HTX0.2105+7.096%Lighter0.2106+7.121%BloFin0.2106+7.121%Deribit0.2106+7.126%Hyperliquid0.2106+7.136%
GMX
Kraken Futures
HTX
Lighter
BloFin
Deribit
HyperliquidPhoenix0.2107+7.152%
Aster0.2107+7.179%dYdX0.2108+7.215%edgeX0.2110+7.309%ApeX Omni0.2110+7.314%Coinbase International0.2111+7.355%
Aster
dYdX
ApeX Omni
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 | −6.674% | +0.0033% | 1h | $786 | $102K | 12x | as long as short |
| SunX XLM-USDT | −0.242% | +0.0100% | 8h | $2K | $1.7M | 20x | as long as short |
| Bitget XLMUSDT | −0.166% | +0.0100% | 8h | $24.5M | $16.5M | 75x | as long as short |
| Bybit XLMUSDT | −0.157% | +0.0100% | 8h | $41.7M | $36.3M | 75x | as long as short |
| BingX XLM-USDT | −0.147% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| OKX XLM-USDT-SWAP | −0.142% | +0.0100% | 8h | $11.6M | $35.6M | 50x | as long as short |
| Extended XLM-USD | −0.135% | +0.0104% | 1h | $208K | $1.5M | 10x | as long as short |
| Gate XLM_USDT | −0.128% | +0.0100% | 8h | $3.8M | $6.1M | 75x | as long as short |
| Orderly PERP_XLM_USDC_mythos | −0.123% | +0.0100% | 4h | $3K | $2K | 10x | as long as short |
| Backpack XLM_USDC_PERP | −0.119% | +0.0100% | 1h | $105K | $189K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | −0.114% | +0.0100% | 8h | $14.2M | $9.3M | 75x | as long as short |
| Variational Omni XLM | −0.111% | +0.0100% | 8h | $265K | $792K | — | as long as short |
| MEXC XLM_USDT | −0.104% | +0.0100% | 8h | $25.3M | $23.5M | 300x | as long as short |
| gTrade (Gains Network) XLM/USD | −0.090% | L 0.0000% / S +0.0002% | 1h | $10K | — | 150x | as long as short |
| SoDEX XLM-USD | −0.090% | +0.0100% | 1h | $1K | $6K | 5x | as long as short |
| Phemex XLMUSDT | −0.085% | +0.0100% | 8h | $8.7M | $8.9M | 50x | as long as short |
| Binance XLMUSDTshort | −0.081% | +0.0100% | 8h | $52.2M | $137.3M | 75x | |
| GMX XLM/USD [WBTC.b-USDC] | −0.079% | L +0.0180% / S +0.0028% | 1h | $46K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | −0.077% | +0.0141% | 1h | $2.3M | $2.1M | 50x | as long as short |
| HTX XLM-USDT | −0.052% | +0.0100% | 8h | $196K | $250K | 20x | as long as short |
| Lighter XLM | −0.028% | +0.0096% | 1h | $447K | $734K | 5x | as long as short |
| BloFin XLM-USDT | −0.028% | +0.0220% | 8h | $2.2M | $5.9M | 75x | as long as short |
| Deribit XLM_USDC-PERPETUAL | −0.024% | +0.0368% | 1h | $523K | $143K | 25x | as long as short |
| Hyperliquid XLM | −0.014% | +0.0168% | 1h | $11.2M | $5.5M | 5x | as long as short |
| Phoenix XLMlong | 0.000% | +0.0152% | 1h | $13K | $31K | 5x | |
| Aster XLMUSDT | +0.025% | +0.0100% | 8h | $581K | $1.2M | 75x | as long as short |
| dYdX XLM-USD | +0.059% | +0.0007% | 1h | $24K | $1K | 10x | as long as short |
| edgeX XLMUSDC | +0.147% | +0.0100% | 4h | $14K | $290K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.152% | +0.0100% | 1h | $169K | $243K | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.190% | +0.0384% | 1h | $273K | $1.4M | 50x | as long as short |