XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0145%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.074%

Price spread now: Coinbase International against Phoenix−0.222%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Coinbase International is 0.222% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.222% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 5.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XLM	0.2120	0.0263	pay 0.0033% / 1h	44m 52s	$4K	$50K	5x
Short	Coinbase International XLM-PERP-INTX	0.2116	0.0408	get 0.0051% / 1h	44m 52s	$219K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now −0.222%Rate

Funding earned: $30.35
Price spread: −0.222% → 0.000%: −$22.17
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$8.82
Costs to cover: 0.170%
Break-even: 9.0 days

Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 4 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	5.19 bp	13.4 bp −$13	18.9 bp −$189	doesn't fit	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 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	0.2118	−0.086%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.222%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2122	+0.104%	$356K	$931K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2118	−0.121%	$561K	$634K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2120	+0.004%	$54.3M	$163.4M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2119	−0.080%	$42.9M	$47.7M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2119	−0.038%	$12.2M	$44.5M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2118	−0.104%	$3.9M	$7.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2119	−0.038%	$25.0M	$28.6M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2119	−0.071%	$14.0M	$9.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2118	−0.090%	$25.5M	$23.0M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2119	−0.075%	—	$7.4M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2112	−0.385%	$252K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2117	−0.143%	$12K	$308K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2116	−0.212%	$593K	$615K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2116	−0.198%	$170K	$264K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2120	−0.014%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2118	−0.113%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2120	−0.028%	$577	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2113	−0.340%	$195K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2121	+0.014%	$8.8M	$9.1M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2119	−0.064%	$188K	$1.7M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0154%	1h	0.2120	+0.005%	$129K	$329K	20x	as long as short
Hyperliquid XLM	+0.0200%	1h	0.2121	+0.014%	$12.1M	$6.6M	5x	as long as short
dYdX XLM-USD	+0.0212%	1h	0.2113	−0.361%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2120	−0.028%	$2.3M	$5.6M	75x	as long as short
Phoenix XLMlong	+0.0263%	1h	0.2120	long leg	$4K	$50K	5x
Kraken Futures PF_XLMUSD	+0.0333%	1h	0.2121	+0.025%	$2.6M	$2.7M	50x	as long as short
Coinbase International XLM-PERP-INTXshort	+0.0408%	1h	0.2116	−0.222%	$219K	$1.7M	50x
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0247%	1h	0.2119	−0.060%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.1166%	1h	0.2122	+0.066%	$526K	$168K	25x	as long as short