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

XLM

all XLM markets
SwapBacktest
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: ApeX Omni against Phemex+0.295%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$530.532% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 4 days (all we have)−0.564%−$56 · spread now +0.295%, 7d avg +0.003%
Together, before fees−0.466%−$47 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 0.292% dearer against Phemex than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XLMUSDT0.21350.0100pay 0.0100% / 8h5h 08m$9.0M$8.9M50x
ShortApeX Omni XLMUSDT0.21420.0100get 0.0013% / 1h8m 55s$172K$257K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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
Price spread: +0.295% → +0.003%
$29.17
Slippage, 4 orders
−$31.24
Fee Phemex: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$24.07
Costs to cover
0.532%
Break-even
never at this rate
Slippage from Phemex: live order book, 5 min ago; ApeX Omni: live order book, 53 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 Phemex live order book, 5 min ago4.66 bp13.0 bp −$1318.8 bp −$188doesn't fitdoesn't fit
Sell ApeX Omni live order book, 53 min ago6.13 bp14.5 bp −$1493.2 bp −$932doesn'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%1h0.2135−0.017%$4K150xas long as short
Lighter XLM+0.0096%1h0.2138+0.108%$374K$923K5xas long as short
Aster XLMUSDT+0.0100%8h0.2135−0.019%$569K$624K75xas long as short
Binance XLMUSDT+0.0100%8h0.2134−0.070%$54.7M$154.7M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2133−0.117%$43.1M$45.7M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2133−0.108%$12.6M$42.2M50xas long as short
Gate XLM_USDT+0.0100%8h0.2134−0.066%$4.1M$6.8M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2134−0.052%$24.2M$27.1M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2134−0.084%$14.1M$9.8M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2134−0.075%$25.6M$21.1M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDT+0.0100%8h0.2133−0.122%$7.0Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2135−0.023%$95K$274K20xas long as short
Variational Omni XLM+0.0100%8h0.2140+0.215%$256K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2142+0.315%$12K$304K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2145+0.459%$598K$595K10xas long as short
ApeX Omni XLMUSDTshort+0.0100%1h0.2142+0.295%$172K$257K50x
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2136+0.023%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2134−0.094%$2K$1.6M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2135−0.009%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2137+0.080%$197K$252K20xas long as short
Phemex XLMUSDTlong+0.0100%8h0.2135long leg$9.0M$8.9M50x
Extended XLM-USD+0.0104%1h0.2133−0.097%$190K$1.8M10xas long as short
dYdX XLM-USD+0.0212%1h0.2134−0.073%$23K$2K10xas long as short
BloFin XLM-USDT+0.0220%8h0.2137+0.066%$2.3M$5.0M75xas long as short
Phoenix XLM+0.0264%1h0.2145+0.450%$5K$46K5xas long as short
Hyperliquid XLM+0.0338%1h0.2136+0.033%$12.3M$6.2M5xas long as short
Kraken Futures PF_XLMUSD+0.0460%1h0.2135−0.002%$2.6M$2.7M50xas long as short
Coinbase International XLM-PERP-INTX+0.0464%1h0.2139+0.169%$234K$1.5M50xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0518% / S −0.0193%1h0.2135−0.005%$44K100xas long as short
Deribit XLM_USDC-PERPETUAL+0.0687%1h0.2137+0.066%$530K$153K25xas long as short
Injective XLM/USDC PERP+0.1081%1h0.2125−0.492%$683$241K12xas long as short