Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−0.098%97s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$560.558% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.098%, 7d avg +0.016%

Together, before fees+0.173%+$17 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 0.114% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 97 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	KuCoin XLMUSDTM	0.2134	0.0100	pay 0.0100% / 8h	4h 09m	$14.1M	$9.6M	75x
Short	ApeX Omni XLMUSDT	0.2132	0.0100	get 0.0013% / 1h	9m 54s	$171K	$258K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → +0.016%: −$11.4
Slippage, 4 orders: −$33.83
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$67.23
Costs to cover: 0.558%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	2.11 bp	19.0 bp −$19	31.2 bp −$312	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	1.88 bp	9.2 bp −$9	95.7 bp −$957	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	0.2134	+0.035%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.408%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2137	+0.136%	$369K	$967K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2134	+0.013%	$567K	$625K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2135	+0.049%	$54.7M	$155.3M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2134	+0.009%	$43.1M	$45.6M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2135	+0.047%	$12.5M	$42.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2134	+0.005%	$4.1M	$6.8M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2134	+0.019%	$23.9M	$27.1M	300x	as long as short
KuCoin XLMUSDTMlong	+0.0100%	8h	0.2134	long leg	$14.1M	$9.6M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2134	+0.014%	$25.7M	$21.4M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2134	+0.014%	—	$7.3M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2135	+0.037%	$126K	$290K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2132	−0.075%	$256K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2132	−0.078%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2130	−0.150%	$589K	$600K	10x	as long as short
ApeX Omni XLMUSDTshort	+0.0100%	1h	0.2132	−0.098%	$171K	$258K	50x
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2135	+0.061%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2133	−0.037%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2135	+0.056%	$582	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2135	+0.075%	$197K	$253K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2135	+0.061%	$9.0M	$8.9M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2134	−0.007%	$192K	$1.8M	10x	as long as short
Hyperliquid XLM	+0.0202%	1h	0.2136	+0.103%	$12.3M	$6.3M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2135	+0.066%	$2.3M	$5.1M	75x	as long as short
Phoenix XLM	+0.0225%	1h	0.2137	+0.141%	$5K	$46K	5x	as long as short
dYdX XLM-USD	+0.0246%	1h	0.2135	+0.041%	$23K	$2K	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0264%	1h	0.2134	+0.027%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0480%	1h	0.2135	+0.047%	$236K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0519% / S −0.0247%	1h	0.2135	+0.042%	$40K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0968%	1h	0.2137	+0.164%	$530K	$153K	25x	as long as short