Funding you earn now, next payment 00:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.008%
Price spread now: edgeX against Phoenix−0.097%115s7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.097% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 115 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 | 0.2162 | 0.0223 | pay 0.0028% / 1h | 51m 38s | $5K | $42K | 5x |
| Short | edgeX XLMUSDC | 0.2160 | 0.0100 | get 0.0050% / 4h | 3h 51m | $12K | $301K | 10x |
Phoenix XLM
edgeX XLMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$25.76
- Price spread: −0.097% → 0.000%
- −$9.65
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$51.41
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 21 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 edgeX live order book, 21 min ago | 1.16 bp | 5.9 bp −$6 | 58.8 bp −$588 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2157 | −0.254% | $736 | $241K | 12x | as long as short |
| Deribit XLM_USDC-PERPETUAL | 0.0000% | 1h | 0.2165 | +0.134% | $537K | $162K | 25x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2165 | +0.137% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0067% | 1h | 0.2160 | −0.134% | $23K | $3K | 10x | as long as short |
| Phemex XLMUSDT | +0.0080% | 8h | 0.2160 | −0.092% | $9.0M | $9.1M | 50x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2165 | +0.115% | $580K | $688K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2160 | −0.137% | $55.7M | $151.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2159 | −0.157% | $44.0M | $44.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2158 | −0.190% | $13.1M | $41.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2160 | −0.092% | $4.1M | $6.2M | 75x | as long as short |
Injective XLM/USDC PERP
Deribit XLM_USDC-PERPETUAL
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Phemex XLMUSDT
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XLM_USDT | +0.0100% | 8h | 0.2161 | −0.083% | $24.9M | $26.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2161 | −0.060% | $14.4M | $10.4M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2160 | −0.134% | $25.7M | $19.4M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2160 | −0.120% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2163 | +0.033% | $284K | $1.3M | — | as long as short |
| edgeX XLMUSDCshort | +0.0100% | 4h | 0.2160 | −0.097% | $12K | $301K | 10x | |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | +0.072% | $599K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2160 | −0.097% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2164 | +0.069% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2163 | +0.037% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2162 | −0.042% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2161 | −0.055% | $200K | $256K | 20x | as long as short |
| Lighter XLM | +0.0104% | 1h | 0.2164 | +0.074% | $400K | $837K | 5x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2159 | −0.152% | $199K | $1.6M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2161 | −0.060% | $2.6M | $2.6M | 50x | as long as short |
| Backpack XLM_USDC_PERP | +0.0216% | 1h | 0.2162 | −0.037% | $89K | $269K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2160 | −0.139% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLMlong | +0.0223% | 1h | 0.2162 | long leg | $5K | $42K | 5x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0317% / S −0.0167% | 1h | 0.2165 | +0.125% | $45K | — | 100x | as long as short |
| Hyperliquid XLM | +0.0323% | 1h | 0.2163 | +0.023% | $12.5M | $6.2M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2163 | +0.032% | $229K | $1.5M | 50x | as long as short |
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDC
Variational Omni XLM
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Lighter XLM
Extended XLM-USD
Kraken Futures PF_XLMUSD
Backpack XLM_USDC_PERP
BloFin XLM-USDT
GMX XLM/USD [WBTC.b-USDC]
Hyperliquid XLM
Coinbase International XLM-PERP-INTX