Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against ApeX Omni+0.485%583s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$480.483% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 3 days (all we have)−0.452%−$45 · spread now +0.485%, 7d avg +0.009%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.476% dearer against ApeX Omni than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of +0.009%. The two prices were read 583 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	ApeX Omni XLMUSDT	0.2124	0.0100	pay 0.0013% / 1h	38m 52s	$170K	$258K	50x
Short	BloFin XLM-USDT	0.2134	0.0220	get 0.0220% / 8h	6h 38m	$2.3M	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.485%Rate

Funding earned: $25.2
Price spread: +0.485% → +0.009%: $47.61
Slippage, 4 orders: −$26.29
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $24.52
Costs to cover: 0.483%
Break-even: 0.2 days

Slippage from ApeX Omni: live order book, 28 min ago; BloFin: live order book, 10 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 ApeX Omni live order book, 28 min ago	6.25 bp	14.3 bp −$14	103.9 bp −$1,039	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	3.52 bp	10.5 bp −$10	13.5 bp −$135	23.1 bp −$2,312	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
dYdX XLM-USD	0.0000%	1h	0.2113	−0.505%	$23K	$2K	10x	as long as short
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2116	−0.394%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+0.052%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2115	−0.410%	$360K	$892K	5x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2115	−0.414%	$53.7M	$155.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2114	−0.461%	$42.5M	$46.3M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2114	−0.447%	$12.6M	$41.6M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2116	−0.363%	$4.0M	$6.6M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2117	−0.348%	$23.8M	$26.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2117	−0.325%	$14.0M	$10.0M	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	0.2114	−0.452%	$25.1M	$20.6M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2114	−0.447%	—	$7.2M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2117	−0.339%	$88K	$263K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2115	−0.411%	$253K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2125	+0.074%	$12K	$301K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2115	−0.428%	$592K	$612K	10x	as long as short
ApeX Omni XLMUSDTlong	+0.0100%	1h	0.2124	long leg	$170K	$258K	50x
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2116	−0.372%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2107	−0.805%	$2K	$1.7M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2117	−0.348%	$2K	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2116	−0.372%	$195K	$269K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2116	−0.372%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2116	−0.377%	$190K	$1.8M	10x	as long as short
Aster XLMUSDT	+0.0117%	8h	0.2116	−0.380%	$566K	$631K	75x	as long as short
Hyperliquid XLM	+0.0134%	1h	0.2116	−0.367%	$12.2M	$6.4M	5x	as long as short
Phoenix XLM	+0.0187%	1h	0.2116	−0.372%	$5K	$46K	5x	as long as short
BloFin XLM-USDTshort	+0.0220%	8h	0.2134	+0.485%	$2.3M	$5.2M	75x
Kraken Futures PF_XLMUSD	+0.0382%	1h	0.2117	−0.340%	$2.6M	$2.6M	50x	as long as short
Coinbase International XLM-PERP-INTX	+0.0440%	1h	0.2116	−0.391%	$232K	$1.5M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0516% / S −0.0193%	1h	0.2115	−0.410%	$44K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0601%	1h	0.2117	−0.334%	$525K	$150K	25x	as long as short