Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Orderly−0.262%70s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.262% cheaper against Orderly than usual: you would sell low and buy high, −$26 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	Orderly PERP_XLM_USDC_mythos	0.2098	0.0100	pay 0.0050% / 4h	48m 14s	$3K	$247	10x
Short	ApeX Omni XLMUSDT	0.2092	0.0100	get 0.0013% / 1h	48m 14s	$168K	$252K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now −0.262%Rate

Funding earned: $0
Price spread: −0.262% → 0.000%: −$26.22
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$42.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 57 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 57 min ago	3.79 bp	12.4 bp −$12	105.7 bp −$1,057	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XLM on 31 exchanges

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
Backpack XLM_USDC_PERP	−0.0143%	1h	0.2098	+0.005%	$119K	$299K	20x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2097	−0.062%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+1.287%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2100	+0.110%	$352K	$736K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2098	−0.010%	$556K	$357K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2098	+0.014%	$54.2M	$140.8M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2098	−0.014%	$43.3M	$40.8M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2098	−0.005%	$12.2M	$41.5M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2097	−0.057%	$3.9M	$6.3M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2098	−0.014%	$23.7M	$27.0M	300x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLMUSDTM	+0.0100%	8h	0.2099	+0.024%	$13.9M	$8.4M	75x	as long as short
Bitget XLMUSDT	+0.0100%	8h	0.2097	−0.024%	$25.7M	$21.1M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2098	−0.019%	—	$6.8M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2092	−0.289%	$250K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2092	−0.278%	$11K	$310K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2094	−0.167%	$579K	$501K	10x	as long as short
ApeX Omni XLMUSDTshort	+0.0100%	1h	0.2092	−0.262%	$168K	$252K	50x
Orderly PERP_XLM_USDC_mythoslong	+0.0100%	4h	0.2098	long leg	$3K	$247	10x
SunX XLM-USDT	+0.0100%	8h	0.2099	+0.043%	$1K	$1.3M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2098	+0.005%	$572	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2098	+0.010%	$189K	$238K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2098	+0.010%	$8.5M	$8.3M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2097	−0.027%	$189K	$606K	10x	as long as short
Phoenix XLM	+0.0152%	1h	0.2092	−0.262%	$4K	$45K	5x	as long as short
Kraken Futures PF_XLMUSD	+0.0213%	1h	0.2098	+0.011%	$2.6M	$2.6M	50x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2093	−0.257%	$2.3M	$5.1M	75x	as long as short
Hyperliquid XLM	+0.0242%	1h	0.2100	+0.081%	$12.1M	$5.5M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0368%	1h	0.2097	−0.052%	$203K	$1.3M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0509% / S −0.0245%	1h	0.2096	−0.104%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0513%	1h	0.2099	+0.062%	$520K	$104K	25x	as long as short
dYdX XLM-USD	+0.0622%	1h	0.2096	−0.074%	$26K	$5K	10x	as long as short