Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against ApeX Omni+0.136%88s7-day average −0.055% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.136%, 7d avg −0.055%

Together, before fees−0.130%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.191% dearer against ApeX Omni than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.055%. The two prices were read 88 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	ApeX Omni XLMUSDT	0.2122	0.0100	pay 0.0013% / 1h	34m 09s	$170K	$256K	50x
Short	Variational Omni XLM	0.2125	0.0100	get 0.0100% / 8h	5h 34m	$254K	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → −0.055%: $19.1
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.1
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 28 min ago; Variational Omni: RFQ quote, 5 min ago. 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 ApeX Omni live order book, 28 min ago	6.13 bp	13.2 bp −$13	103.8 bp −$1,038	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	7.08 bp	doesn't fit	16.5 bp −$165	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
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2125	+0.123%	$4K	—	150x	as long as short
Lighter XLM	+0.0096%	1h	0.2129	+0.311%	$358K	$901K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2129	+0.301%	$54.5M	$153.3M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2128	+0.273%	$43.0M	$45.6M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2127	+0.245%	$12.6M	$41.7M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2127	+0.221%	$4.1M	$6.7M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2127	+0.217%	$23.9M	$26.8M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2127	+0.226%	$14.1M	$9.9M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2128	+0.254%	$25.5M	$20.8M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2127	+0.250%	—	$6.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2127	+0.221%	$93K	$263K	20x	as long as short
Variational Omni XLMshort	+0.0100%	8h	0.2125	+0.136%	$254K	$1.3M	—
edgeX XLMUSDC	+0.0100%	4h	0.2120	−0.102%	$12K	$303K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2121	−0.055%	$587K	$598K	10x	as long as short
ApeX Omni XLMUSDTlong	+0.0100%	1h	0.2122	long leg	$170K	$256K	50x
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2126	+0.179%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2125	+0.118%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2127	+0.203%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2125	+0.127%	$196K	$252K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2127	+0.250%	$8.9M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2126	+0.178%	$189K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0105%	8h	0.2126	+0.182%	$566K	$624K	75x	as long as short
dYdX XLM-USD	+0.0211%	1h	0.2123	+0.019%	$23K	$2K	10x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2127	+0.221%	$2.3M	$4.9M	75x	as long as short
Phoenix XLM	+0.0264%	1h	0.2122	−0.024%	$5K	$46K	5x	as long as short
Hyperliquid XLM	+0.0451%	1h	0.2129	+0.339%	$12.3M	$6.1M	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0462%	1h	0.2127	+0.241%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2130	+0.353%	$233K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0517% / S −0.0193%	1h	0.2125	+0.120%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0550%	1h	0.2127	+0.226%	$528K	$153K	25x	as long as short
Injective XLM/USDC PERP	+0.1081%	1h	0.2125	+0.132%	$683	$241K	12x	as long as short