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

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 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−0.009%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$720.721% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.125%−$13 on $10k
Price spread, last 3 days (all we have)−0.099%−$10 · spread now −0.009%, 7d avg −0.090%
Together, before fees−0.224%+ Points / potential airdropLighter: Season 3 · farm board−$22 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 0.080% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.090%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XLM0.21540.0096pay 0.0012% / 1h47m 04s$398K$837K5x
ShortApeX Omni XLMUSDT0.21540.0100get 0.0013% / 1h47m 04s$173K$258K50x

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: −0.009% → −0.090%
$8.05
Slippage, 4 orders
−$62.12
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$63.24
Costs to cover
0.721%
Break-even
534.0 days
Slippage from Lighter: live order book, 23 min ago; ApeX Omni: live order book, 25 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, 23 min ago5.81 bp26.3 bp −$2661.7 bp −$617doesn't fitdoesn't fit
Sell ApeX Omni live order book, 25 min ago6.28 bp15.1 bp −$15108.8 bp −$1,088doesn'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
Injective XLM/USDC PERP−0.5000%1h0.2157+0.144%$736$241K12xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2150−0.200%$4K150xas long as short
dYdX XLM-USD+0.0056%1h0.2152−0.104%$23K$3K10xas long as short
Lighter XLMlong+0.0096%1h0.2154long leg$398K$837K5x
Aster XLMUSDT+0.0100%8h0.2153−0.036%$577K$688K75xas long as short
Binance XLMUSDT+0.0100%8h0.2153−0.051%$55.6M$151.6M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2152−0.084%$43.9M$44.3M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2152−0.070%$13.0M$41.3M50xas long as short
Gate XLM_USDT+0.0100%8h0.2151−0.139%$4.1M$6.2M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2151−0.125%$25.1M$26.2M300xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XLMUSDTM+0.0100%8h0.2151−0.144%$14.3M$10.3M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2152−0.093%$25.6M$19.5M75xas long as short
BingX XLM-USDC+0.0100%8h0.2152−0.097%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2152−0.097%$88K$270K20xas long as short
Variational Omni XLM+0.0100%8h0.2158+0.198%$285K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2154−0.009%$12K$302K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2153−0.023%$596K$604K10xas long as short
ApeX Omni XLMUSDTshort+0.0100%1h0.2154−0.009%$173K$258K50x
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2152−0.088%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2148−0.279%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2150−0.204%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2150−0.158%$198K$257K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2151−0.135%$9.0M$9.1M50xas long as short
Extended XLM-USD+0.0104%1h0.2149−0.208%$194K$1.6M10xas long as short
Kraken Futures PF_XLMUSD+0.0184%1h0.2151−0.146%$2.6M$2.6M50xas long as short
BloFin XLM-USDT+0.0220%8h0.2152−0.111%$2.3M$5.5M75xas long as short
Phoenix XLM+0.0223%1h0.2154+0.014%$5K$42K5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0315% / S −0.0167%1h0.2149−0.231%$45K100xas long as short
Hyperliquid XLM+0.0367%1h0.2154+0.014%$12.5M$6.2M5xas long as short
Coinbase International XLM-PERP-INTX+0.0448%1h0.2151−0.130%$229K$1.5M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0494%1h0.2152−0.084%$534K$162K25xas long as short