Funding you earn now, next payment 23:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.007%
Price spread now: Phoenix against Variational Omni+0.202%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.202% dearer against Variational Omni than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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 | Variational Omni XLM | 0.2156 | 0.0100 | pay 0.0100% / 8h | 22m 34s | $254K | $1.3M | — |
| Short | Phoenix XLM | 0.2161 | 0.0222 | get 0.0028% / 1h | 22m 34s | $5K | $42K | 5x |
Variational Omni XLM
Phoenix XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $25.66
- Price spread: +0.202% → 0.000%
- $20.16
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $38.82
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phoenix: no order-book sample. 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 Variational Omni RFQ quote, 2 min ago | 6.97 bp | doesn't fit | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | 0.2158 | +0.081% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2154 | −0.127% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0098% | 1h | 0.2155 | −0.081% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2158 | +0.071% | $578K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2158 | +0.096% | $55.7M | $150.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2157 | +0.030% | $43.8M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2157 | +0.049% | $13.0M | $41.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2154 | −0.123% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2155 | −0.063% | $25.1M | $26.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2154 | −0.091% | $14.5M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
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 | 0.2157 | +0.044% | $25.6M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2156 | −0.002% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2155 | −0.053% | $90K | $270K | 20x | as long as short |
| Variational Omni XLMlong | +0.0100% | 8h | 0.2156 | long leg | $254K | $1.3M | — | |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2154 | −0.084% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2160 | +0.162% | $597K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2154 | −0.100% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2154 | −0.104% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2155 | −0.072% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2155 | −0.077% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2153 | −0.151% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2156 | −0.012% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2156 | −0.011% | $193K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2156 | +0.002% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLMshort | +0.0222% | 1h | 0.2161 | +0.202% | $5K | $42K | 5x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2153 | −0.132% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0414% | 1h | 0.2156 | −0.013% | $2.6M | $2.6M | 50x | as long as short |
| Hyperliquid XLM | +0.0418% | 1h | 0.2156 | −0.030% | $12.3M | $6.1M | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2156 | −0.016% | $231K | $1.5M | 50x | as long as short |
| Lighter XLM | +0.0464% | 1h | 0.2158 | +0.076% | $403K | $827K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0818% | 1h | 0.2156 | +0.007% | $535K | $159K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
BloFin XLM-USDT
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Coinbase International XLM-PERP-INTX
Lighter XLM
Deribit XLM_USDC-PERPETUAL