Funding you earn now, next payment 03:00 UTC+0.0380%/8h= +41.6% APRnext payment +$0.48 per $10,000 · paid last 24h +0.095%
Price spread now: Coinbase International against ApeX Omni+0.169%75s7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$470.471% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.169%, 7d avg +0.061%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.109% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.061%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 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 | ApeX Omni XLMUSDT | 0.2126 | 0.0100 | pay 0.0013% / 1h | 37m 58s | $170K | $258K | 50x |
| Short | Coinbase International XLM-PERP-INTX | 0.2129 | 0.0480 | get 0.0060% / 1h | 37m 58s | $238K | $1.5M | 50x |
ApeX Omni XLMUSDT
Coinbase International XLM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $79.8
- Price spread: +0.169% → +0.061%
- $10.86
- Slippage, 4 orders
- −$27.12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $43.54
- Costs to cover
- 0.471%
- Break-even
- 3.2 days
Slippage from ApeX Omni: live order book, 19 min ago; Coinbase International: live order book, 1 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, 19 min ago | 1.88 bp | 12.4 bp −$12 | 93.6 bp −$936 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 5.17 bp | 12.0 bp −$12 | 16.6 bp −$166 | 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 | 0.2126 | +0.032% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.038% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2128 | +0.089% | $368K | $966K | 5x | as long as short |
| Hyperliquid XLM | +0.0100% | 1h | 0.2128 | +0.099% | $12.2M | $6.2M | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2127 | +0.035% | $565K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2128 | +0.086% | $54.4M | $154.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2126 | +0.024% | $43.0M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2127 | +0.047% | $12.5M | $42.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2126 | +0.009% | $4.0M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2127 | +0.052% | $23.7M | $26.8M | 300x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Hyperliquid XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2127 | +0.066% | $14.0M | $9.7M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2127 | +0.042% | $25.5M | $21.2M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2126 | +0.019% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2127 | +0.042% | $95K | $273K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2124 | −0.080% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2126 | −0.010% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2130 | +0.182% | $594K | $580K | 10x | as long as short |
| ApeX Omni XLMUSDTlong | +0.0100% | 1h | 0.2126 | long leg | $170K | $258K | 50x | |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2127 | +0.056% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2123 | −0.141% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2127 | +0.042% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2127 | +0.066% | $196K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | +0.033% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2126 | +0.029% | $189K | $1.8M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2123 | −0.122% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2128 | +0.089% | $5K | $46K | 5x | as long as short |
| dYdX XLM-USD | +0.0260% | 1h | 0.2124 | −0.102% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0265% | 1h | 0.2127 | +0.036% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTXshort | +0.0480% | 1h | 0.2129 | +0.169% | $238K | $1.5M | 50x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2126 | +0.009% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1020% | 1h | 0.2130 | +0.174% | $528K | $153K | 25x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL