Funding you earn now, next payment 05:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.018%
Price spread now: Variational Omni against Phoenix−0.177%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.177% cheaper against Phoenix than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XLM | 0.2101 | 0.0226 | pay 0.0028% / 1h | 28m 54s | $4K | $49K | 5x |
| Short | Variational Omni XLM | 0.2097 | 0.0100 | get 0.0100% / 8h | 2h 28m | $250K | $1.3M | — |
Phoenix XLM
Variational Omni XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$26.46
- Price spread: −0.177% → 0.000%
- −$17.73
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$51.2
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, just now. 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 Variational Omni RFQ quote, just now | 7.14 bp | doesn't fit | 21.4 bp −$214 | 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 | 0.2102 | +0.076% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +1.147% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2105 | +0.190% | $351K | $988K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2100 | −0.028% | $556K | $629K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2100 | −0.033% | $53.7M | $161.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2099 | −0.114% | $42.3M | $47.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2100 | −0.062% | $12.2M | $43.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2100 | −0.048% | $4.1M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2100 | −0.024% | $24.3M | $28.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2100 | −0.029% | $13.8M | $9.4M | 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 | 0.2099 | −0.109% | $25.3M | $22.8M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2099 | −0.067% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2103 | +0.090% | $130K | $314K | 20x | as long as short |
| Variational Omni XLMshort | +0.0100% | 8h | 0.2097 | −0.177% | $250K | $1.3M | — | |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2100 | −0.066% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2101 | +0.010% | $589K | $608K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2099 | −0.114% | $168K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2104 | +0.148% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2098 | −0.138% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2103 | +0.105% | $573 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2103 | +0.100% | $194K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2103 | +0.086% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2100 | −0.030% | $188K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0144% | 1h | 0.2103 | +0.102% | $2.5M | $2.7M | 50x | as long as short |
| Hyperliquid XLM | +0.0167% | 1h | 0.2100 | −0.024% | $11.9M | $6.5M | 5x | as long as short |
| dYdX XLM-USD | +0.0206% | 1h | 0.2102 | +0.035% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2103 | +0.086% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLMlong | +0.0226% | 1h | 0.2101 | long leg | $4K | $49K | 5x | |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2102 | +0.071% | $224K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0228% | 1h | 0.2103 | +0.086% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0986% | 1h | 0.2105 | +0.214% | $522K | $163K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
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
Kraken Futures PF_XLMUSD
Hyperliquid XLM
dYdX XLM-USD
BloFin XLM-USDT
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL