Daily close and perpetual volume across tracked exchanges
Stellar is a payments blockchain built for moving money across borders quickly and cheaply, and lumens (XLM) are its native asset. Lumens pay network fees and keep accounts above a small minimum balance, while payment companies and stablecoin issuers use the network to send value. XLM perps let traders go long or short this payments theme with leverage, or hedge lumens held in wallets without selling them.
Price has a long record of moving in step with XRP, since both target cross-border payments and Jed McCaleb helped found each project. News about payment partnerships, stablecoin issuance on Stellar and wider altcoin sentiment tends to bring bursts of volume. Binance holds the deepest market, with Bybit, OKX and WhiteBIT behind it. Watch open interest against price to tell a fresh trend from a short squeeze.
XLM funding rates XLM open interest XLM liquidations XLM long/short ratio
Every tracked XLM perpetual market
| # | Exchange | Price | 24h | Volume 24h | Open interest | OI 24h | Funding 8h | L/S | Liq. 24h | ±1% depth | Trade |
|---|
Share of total · 24h change
Last 24h · long vs short
Last 4h · buy share of taker volume
Live answers use data from every tracked XLM perpetual markets · updated
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Stellar is an open blockchain network for payments and asset issuance, supported by the non-profit Stellar Development Foundation. It settles transactions in a few seconds at very low cost using the Stellar Consensus Protocol. XLM, known as lumens, is the native token used for fees and account reserves.
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Both networks focus on fast, low-cost cross-border payments, and Jed McCaleb helped found Ripple before co-founding Stellar. Traders tend to group them as payments coins, so news affecting one often lifts or weighs on the other. The link is loose, and each can diverge on its own news. See XRP perps for the related market.
XLM pays the small fee attached to every transaction and is held as a minimum balance for each account and trustline. These rules deter spam on the network. Lumens also serve as a bridge asset in Stellar's built-in exchange when two other assets have no direct market.
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Payments news, such as new stablecoins or payment companies building on Stellar, tends to move XLM most. It also reacts to broad altcoin sentiment and to developments around XRP. Network upgrades such as Soroban, Stellar's smart contract platform, widen what developers can build on the chain.
XLM perpetual futures are derivatives contracts that track the price of XLM and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any XLM.
Funding is a payment between longs and shorts. When XLM perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.
Compare venues, fees and features on the best perpetual exchanges page.
Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.
Data from tracked centralised and decentralised exchanges, refreshed every few minutes. Not financial advice. Methodology