XLM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h −0.096%

Price spread now: ApeX Omni against Coinbase International−0.387%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$540.544% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 3 days (all we have)+0.307%+$31 · spread now −0.387%, 7d avg −0.072%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.314% cheaper against Coinbase International than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.072%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	Coinbase International XLM-PERP-INTX	0.2173	0.0448	pay 0.0056% / 1h	24m 33s	$230K	$1.5M	50x
Short	ApeX Omni XLMUSDT	0.2164	0.0100	get 0.0013% / 1h	24m 33s	$173K	$257K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.387%Rate

Funding earned: −$73.08
Price spread: −0.387% → −0.072%: −$31.44
Slippage, 4 orders: −$34.44
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$158.96
Costs to cover: 0.544%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; ApeX Omni: live order book, 47 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 Coinbase International live order book, 4 min ago	4.61 bp	12.9 bp −$13	17.8 bp −$178	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	6.28 bp	15.1 bp −$15	108.8 bp −$1,088	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
Injective XLM/USDC PERP	−0.5000%	1h	0.2157	−0.723%	$736	$241K	12x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2169	−0.191%	$4K	—	150x	as long as short
dYdX XLM-USD	+0.0041%	1h	0.2167	−0.270%	$24K	$2K	10x	as long as short
Lighter XLM	+0.0096%	1h	0.2170	−0.147%	$400K	$838K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2168	−0.203%	$56.0M	$150.9M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2168	−0.203%	$44.2M	$44.0M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2168	−0.226%	$13.2M	$41.5M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2167	−0.281%	$4.1M	$6.3M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2167	−0.258%	$25.2M	$26.5M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2167	−0.281%	$14.4M	$10.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2168	−0.212%	$25.8M	$19.6M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2168	−0.203%	—	$7.1M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2169	−0.166%	$89K	$269K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2166	−0.302%	$285K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2165	−0.343%	$12K	$301K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2165	−0.364%	$610K	$590K	10x	as long as short
ApeX Omni XLMUSDTshort	+0.0100%	1h	0.2164	−0.387%	$173K	$257K	50x
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2170	−0.124%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2168	−0.226%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2170	−0.124%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2169	−0.175%	$200K	$256K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2170	−0.124%	$9.1M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2168	−0.215%	$194K	$1.7M	10x	as long as short
Aster XLMUSDT	+0.0144%	8h	0.2167	−0.250%	$581K	$660K	75x	as long as short
Kraken Futures PF_XLMUSD	+0.0182%	1h	0.2170	−0.115%	$2.6M	$2.6M	50x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2170	−0.147%	$2.3M	$5.4M	75x	as long as short
Phoenix XLM	+0.0223%	1h	0.2165	−0.364%	$5K	$42K	5x	as long as short
Coinbase International XLM-PERP-INTXlong	+0.0448%	1h	0.2173	long leg	$230K	$1.5M	50x
Hyperliquid XLM	+0.0539%	1h	0.2170	−0.138%	$12.5M	$6.2M	5x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0597% / S −0.1118%	1h	0.2168	−0.202%	$174K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0764%	1h	0.2171	−0.064%	$539K	$150K	25x	as long as short