Funding you earn now, next payment 04:00 UTC+0.0695%/8h= +76.2% APRnext payment +$0.87 per $10,000 · paid last 24h +0.125%
Price spread now: Deribit against Phoenix+0.474%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Deribit is 0.474% dearer against Phoenix than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 | Phoenix XLM | 0.2129 | 0.0225 | pay 0.0028% / 1h | 19m 52s | $5K | $46K | 5x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2139 | 0.0920 | get 0.0115% / 1h | 19m 52s | $530K | $157K | 25x |
Phoenix XLM
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Phoenix. 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
- $146.05
- Price spread: +0.474% → 0.000%
- $47.44
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $179.49
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 34 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 Deribit live order book, 34 min ago | 5.12 bp | 8.6 bp −$9 | 18.1 bp −$181 | 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 | 0.2136 | +0.312% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.193% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2139 | +0.474% | $376K | $969K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2136 | +0.328% | $568K | $621K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2136 | +0.332% | $54.9M | $157.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2135 | +0.263% | $43.2M | $46.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2135 | +0.291% | $12.5M | $43.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2135 | +0.282% | $4.1M | $6.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2136 | +0.329% | $25.0M | $27.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2135 | +0.277% | $14.0M | $9.5M | 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 | 0.2136 | +0.319% | $25.8M | $22.0M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2135 | +0.296% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2133 | +0.189% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2134 | +0.207% | $12K | $306K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2137 | +0.368% | $599K | $618K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2133 | +0.169% | $171K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2138 | +0.418% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2136 | +0.310% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2137 | +0.395% | $582 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2138 | +0.413% | $197K | $250K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2138 | +0.399% | $9.0M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2135 | +0.299% | $192K | $1.8M | 10x | as long as short |
| Hyperliquid XLM | +0.0183% | 1h | 0.2137 | +0.362% | $12.3M | $6.3M | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0185% | 1h | 0.2138 | +0.413% | $2.6M | $2.7M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2134 | +0.240% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLMlong | +0.0225% | 1h | 0.2129 | long leg | $5K | $46K | 5x | |
| dYdX XLM-USD | +0.0311% | 1h | 0.2135 | +0.275% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2139 | +0.456% | $246K | $1.6M | 50x | as long as short |
| Backpack XLM_USDC_PERP | +0.0467% | 1h | 0.2137 | +0.362% | $128K | $294K | 20x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0519% / S −0.0247% | 1h | 0.2136 | +0.329% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0920% | 1h | 0.2139 | +0.474% | $530K | $157K | 25x |
Bitget XLMUSDT
BingX XLM-USDT
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
Phemex XLMUSDT
Extended XLM-USD
Hyperliquid XLM
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
Backpack XLM_USDC_PERP
GMX XLM/USD [WBTC.b-USDC]