XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0482%/8h= −52.8% APRnext payment −$0.60 per $10,000 · paid last 24h −0.137%

Price spread now: ApeX Omni against Deribit−0.065%46s7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.398% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.065%, 7d avg −0.055%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 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	Deribit XLM_USDC-PERPETUAL	0.2165	0.0582	pay 0.0073% / 1h	25m 33s	$537K	$176K	25x
Short	ApeX Omni XLMUSDT	0.2164	0.0100	get 0.0013% / 1h	25m 33s	$173K	$256K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.065%Rate

Funding earned: −$101.22
Price spread: −0.065% → −0.055%: −$0.93
Slippage, 4 orders: −$22.82
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$141.96
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Deribit: live order book, 58 min ago; ApeX Omni: live order book, 56 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 Deribit live order book, 58 min ago	4.89 bp	8.4 bp −$8	13.1 bp −$131	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 56 min ago	2.79 bp	10.6 bp −$11	96.3 bp −$963	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	0.2163	−0.096%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0016%	1h	0.2161	−0.188%	$23K	$3K	10x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2163	−0.102%	$586K	$804K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2164	−0.067%	$56.2M	$151.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2164	−0.065%	$44.0M	$43.8M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2164	−0.046%	$13.1M	$42.4M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2162	−0.175%	$4.1M	$6.2M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2162	−0.157%	$26.1M	$26.3M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2161	−0.194%	$14.5M	$10.6M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2164	−0.065%	$25.9M	$19.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XLM-USDT	+0.0100%	8h	0.2163	−0.102%	—	$7.0M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2160	−0.239%	$297K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2161	−0.211%	$12K	$298K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2165	−0.032%	$600K	$617K	10x	as long as short
ApeX Omni XLMUSDTshort	+0.0100%	1h	0.2164	−0.065%	$173K	$256K	50x
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2164	−0.065%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2149	−0.762%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2163	−0.120%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2162	−0.134%	$200K	$272K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2163	−0.129%	$9.1M	$9.2M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2162	−0.137%	$193K	$1.6M	10x	as long as short
Backpack XLM_USDC_PERP	+0.0190%	1h	0.2162	−0.139%	$102K	$261K	20x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2165	−0.037%	$2.4M	$6.0M	75x	as long as short
Phoenix XLM	+0.0221%	1h	0.2162	−0.175%	$5K	$41K	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0317% / S −0.0167%	1h	0.2163	−0.107%	$45K	—	100x	as long as short
Hyperliquid XLM	+0.0328%	1h	0.2167	+0.081%	$12.3M	$6.1M	5x	as long as short
Lighter XLM	+0.0416%	1h	0.2165	+0.005%	$419K	$812K	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0432%	1h	0.2165	−0.009%	$233K	$1.5M	50x	as long as short
Injective XLM/USDC PERP	+0.0475%	1h	0.2035	−6.022%	$5K	$238K	12x	as long as short
Kraken Futures PF_XLMUSD	+0.0505%	1h	0.2163	−0.129%	$2.6M	$2.7M	50x	as long as short
Deribit XLM_USDC-PERPETUALlong	+0.0582%	1h	0.2165	long leg	$537K	$176K	25x