Funding you earn now, next payment 00:00 UTC+0.0711%/8h= +77.9% APRnext payment +$0.89 per $10,000 · paid last 24h +0.144%
Price spread now: Deribit against ApeX Omni−0.221%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$400.395% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 3 days (all we have)+0.367%+$37 · spread now −0.221%, 7d avg +0.060%
=Funding pays, the price is against you. Deribit is 0.281% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of +0.060%). If the spread goes back, that is −$28 on $10k: about 32 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.133% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.133% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni XLMUSDT | 0.2175 | 0.0100 | pay 0.0013% / 1h | 46m 38s | $174K | $256K | 50x |
| Short | Deribit XLM_USDC-PERPETUAL | 0.2170 | 0.0811 | get 0.0101% / 1h | 46m 38s | $539K | $160K | 25x |
ApeX Omni XLMUSDT
Deribit XLM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against ApeX 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
- $149.31
- Price spread: −0.221% → +0.060%
- −$28.06
- Slippage, 4 orders
- −$22.52
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $81.74
- Costs to cover
- 0.395%
- Break-even
- 3.2 days
Slippage from ApeX Omni: live order book, 30 min ago; Deribit: live order book, 32 min ago.
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 ApeX Omni live order book, 30 min ago | 3.69 bp | 10.4 bp −$10 | 84.0 bp −$840 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 32 min ago | 5.54 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.2040 | −6.207% | $5K | $238K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2167 | −0.369% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0012% | 1h | 0.2173 | −0.105% | $24K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2174 | −0.031% | $583K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2177 | +0.069% | $56.2M | $150.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2175 | 0.000% | $44.3M | $43.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2175 | +0.005% | $13.2M | $42.0M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2173 | −0.087% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2175 | +0.005% | $25.9M | $26.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2175 | −0.023% | $14.6M | $10.5M | 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 | 0.2175 | +0.009% | $25.9M | $19.2M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2175 | 0.000% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2171 | −0.198% | $98K | $265K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2175 | +0.010% | $258K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2170 | −0.216% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2171 | −0.202% | $601K | $633K | 10x | as long as short |
| ApeX Omni XLMUSDTlong | +0.0100% | 1h | 0.2175 | long leg | $174K | $256K | 50x | |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2169 | −0.276% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2166 | −0.432% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2169 | −0.257% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2169 | −0.294% | $200K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2170 | −0.216% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2175 | +0.020% | $194K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2169 | −0.257% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2169 | −0.262% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2166 | −0.396% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0411% | 1h | 0.2170 | −0.242% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2169 | −0.257% | $233K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0563% | 1h | 0.2177 | +0.087% | $12.4M | $6.1M | 5x | as long as short |
| Lighter XLM | +0.0616% | 1h | 0.2178 | +0.152% | $421K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALshort | +0.0811% | 1h | 0.2170 | −0.221% | $539K | $160K | 25x |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Lighter XLM