Stellar (XLM) perpetual futures
XLM perpetual contracts on 5 reviewed venues.
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Funding rates
Annualized rates across exchanges
HTXCEX
HyperliquidDEX
Apex OmniDEX
Open interest
Per-exchange open interest
Bybit
BitgetHyperliquid
Gate.io
KuCoin
OKX
PhemexWhat the XLM data shows
Funding direction differs by venue: longs pay on Deribit, BloFin, and 12 more; longs receive on KuCoin, Phemex, and 3 more. The rates run from +27.59% a year on Deribit to -17.77% on Kraken.
No venue holds half of the $150.9m in reported XLM open interest. Bybit has the largest share, 29.3%, and Bitget is next with 17.3%.
The XLM settlement periods differ: 12 venues settle every 8 hours; 4 venues settle every hour.
CoinGecko ranked XLM number 20 by market value on September 21, 2026, at $6.87b. Its price rose 8.9% in the 7 days before that date. The open interest in this read equals 2.2% of that value.
Deribit quoted XLM at $0.2147 and Lighter at $0.2144, a gap of 17.3 bps.
- Source: public APIs of 19 venues for XLM, read at October 3, 2026, 12:48 UTC.
- Market value: CoinGecko snapshot of September 21, 2026.
Where to Trade Stellar (XLM) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm XLM limits with the venue.
Stellar (XLM) market overview
XLM perps carry the payment network thesis in perpetual derivative form. Stellar's network was designed for low-cost cross-border money transfers and asset tokenization, and Stellar Development Foundation (SDF) has built institutional partnerships over the past decade with MoneyGram, Circle, and various national financial institutions.
The asset's perp market reflects those steady adoption dynamics more than speculative DeFi growth.
Venue structure and distribution
The XLM perp market spans Binance, Bybit, OKX, and Hyperliquid.
The deepest XLM book sits on Binance; DEX depth for XLM perps is minimal, consistent with the asset's trading base skewing toward retail payment users rather than DeFi participants. Coinalyze's XLM open interest data shows OI with a similar character to XRP — steady with event-driven spikes around payment and partnership announcements.
Payment narrative and correlation with XRP
XLM and XRP are frequently grouped as "payment altcoins" and their funding rates often move together. Traders rotate between the two payment network tokens, so XLM funding and XRP funding often move together. When XRP leads a rally on legal/regulatory news, XLM frequently follows with a lag of 1-3 days.
The SDF's institutional partnerships create steady positive XLM news flow. MoneyGram's continued use of the Stellar network, new USDC issuance on Stellar, and government remittance pilot announcements each produce measurable OI responses. Stellar's ecosystem page tracks active use cases.
SDF treasury and supply considerations
The Stellar Development Foundation controls a substantial XLM treasury that it uses for ecosystem grants and operational funding. SDF treasury distributions have historically contributed to selling pressure when large grants are made.
Unlike cliff-based token unlocks, SDF distributions are discretionary and announced publicly through the SDF blog. Monitoring SDF grant announcements gives advance warning of potential supply events.
Check XLM funding rates at the funding rates tool relative to XRP to identify rotation opportunities. Compare fees at the cost comparison tool.
Frequently Asked Questions — Stellar (XLM)
What funding data is available for XLM?
19 venues report an XLM funding rate in this read.
An annualized XLM rate extrapolates one reading and does not predict a return.
What open interest data is available for XLM?
14 venues report positive XLM open interest in this read.
The XLM total leaves out venues outside the read.
Which mapped venue has the lowest recorded XLM taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 4 mapped XLM maker/taker schedules.
1 XLM venue charges a position fee and is not compared.
Category: Payments