Settings8H · net · $10k
Funding arb · Price arb /

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.110%
Price spread now: ApeX Omni against Lighter+0.028%78s7-day average −0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.564% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.126%−$13 on $10k
Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.028%, 7d avg −0.084%
Together, before fees−0.262%+ Points / potential airdropLighter: Season 3 · farm board−$26 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: ApeX Omni is 0.113% dearer against Lighter than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.084%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XLM0.21230.0096pay 0.0012% / 1h4m 13s$366K$947K5x
ShortApeX Omni XLMUSDT0.21230.0100get 0.0013% / 1h4m 13s$170K$264K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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

Funding earned
$0.84
Price spread: +0.028% → −0.084%
$11.25
Slippage, 4 orders
−$46.44
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$44.35
Costs to cover
0.564%
Break-even
376.6 days
Slippage from Lighter: live order book, 36 min ago; ApeX Omni: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 36 min ago7.78 bp9.6 bp −$1045.1 bp −$451doesn't fitdoesn't fit
Sell ApeX Omni live order book, 38 min ago3.77 bp12.7 bp −$13106.0 bp −$1,060doesn't fitdoesn't fit

XLM on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2118−0.208%$4K150xas long as short
Injective XLM/USDC PERP+0.0033%1h0.2125+0.104%$683$241K12xas long as short
Lighter XLMlong+0.0096%1h0.2123long leg$366K$947K5x
Aster XLMUSDT+0.0100%8h0.2121−0.087%$563K$615K75xas long as short
Binance XLMUSDT+0.0100%8h0.2120−0.136%$54.3M$162.3M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2119−0.179%$43.0M$47.3M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2119−0.165%$12.2M$44.3M50xas long as short
Gate XLM_USDT+0.0100%8h0.2120−0.127%$4.0M$7.8M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2121−0.099%$24.7M$29.3M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2120−0.122%$14.0M$9.4M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XLMUSDT+0.0100%8h0.2119−0.188%$25.4M$22.8M75xas long as short
BingX XLM-USDT+0.0100%8h0.2119−0.160%$7.3Mas long as short
Variational Omni XLM+0.0100%8h0.2123+0.015%$254K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2124+0.054%$12K$307K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2122−0.035%$595K$591K10xas long as short
ApeX Omni XLMUSDTshort+0.0100%1h0.2123+0.028%$170K$264K50x
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2120−0.132%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2120−0.127%$2K$1.6M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2119−0.165%$577$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2120−0.127%$195K$249K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2121−0.099%$8.7M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2119−0.177%$189K$1.5M10xas long as short
Backpack XLM_USDC_PERP+0.0213%1h0.2122−0.019%$130K$348K20xas long as short
BloFin XLM-USDT+0.0220%8h0.2123+0.028%$2.3M$5.5M75xas long as short
Phoenix XLM+0.0263%1h0.2124+0.047%$4K$50K5xas long as short
dYdX XLM-USD+0.0299%1h0.2120−0.120%$23K$2K10xas long as short
Hyperliquid XLM+0.0314%1h0.2123+0.005%$12.1M$6.5M5xas long as short
Kraken Futures PF_XLMUSD+0.0333%1h0.2120−0.110%$2.6M$2.7M50xas long as short
Coinbase International XLM-PERP-INTX+0.0408%1h0.2127+0.207%$222K$1.7M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0517% / S −0.0247%1h0.2119−0.198%$39K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.0741%1h0.2121−0.104%$526K$172K25xas long as short