Funding arb · Price arb /

XLM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against ApeX Omni−0.248%74s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.248% cheaper against ApeX Omni than usual: you would sell low and buy high, −$25 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 74 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	0.2135	0.0100	pay 0.0013% / 1h	14m 15s	$171K	$264K	50x
Short	SoDEX XLM-USD	0.2130	0.0100	get 0.0013% / 1h	14m 15s	$580	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.248%Rate

Funding earned: $0
Price spread: −0.248% → 0.000%: −$24.82
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$42.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 37 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 37 min ago	6.29 bp	13.7 bp −$14	97.2 bp −$972	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2129	−0.280%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	−0.487%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2134	−0.084%	$375K	$969K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2131	−0.200%	$567K	$621K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2131	−0.197%	$54.7M	$158.0M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2130	−0.253%	$43.1M	$46.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2131	−0.225%	$12.5M	$43.3M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2130	−0.244%	$4.1M	$7.1M	75x	as long as short
MEXC XLM_USDT	+0.0100%	8h	0.2131	−0.215%	$25.7M	$27.7M	300x	as long as short
KuCoin XLMUSDTM	+0.0100%	8h	0.2130	−0.229%	$14.0M	$9.5M	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	0.2131	−0.201%	$25.7M	$22.0M	75x	as long as short
BingX XLM-USDC	+0.0100%	8h	0.2130	−0.239%	—	$6.7M	—	as long as short
Variational Omni XLM	+0.0100%	8h	0.2131	−0.200%	$254K	$1.3M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2135	−0.007%	$12K	$307K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2134	−0.076%	$598K	$618K	10x	as long as short
ApeX Omni XLMUSDTlong	+0.0100%	1h	0.2135	long leg	$171K	$264K	50x
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2131	−0.206%	$3K	$2K	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2128	−0.332%	$2K	$1.6M	20x	as long as short
SoDEX XLM-USDshort	+0.0100%	1h	0.2130	−0.248%	$580	$6K	5x
HTX XLM-USDT	+0.0100%	8h	0.2131	−0.197%	$196K	$250K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2131	−0.215%	$8.9M	$9.0M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2130	−0.270%	$192K	$1.8M	10x	as long as short
Kraken Futures PF_XLMUSD	+0.0186%	1h	0.2131	−0.223%	$2.6M	$2.7M	50x	as long as short
Hyperliquid XLM	+0.0191%	1h	0.2132	−0.164%	$12.2M	$6.3M	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2133	−0.126%	$2.3M	$5.5M	75x	as long as short
Phoenix XLM	+0.0225%	1h	0.2132	−0.140%	$5K	$46K	5x	as long as short
dYdX XLM-USD	+0.0313%	1h	0.2130	−0.273%	$23K	$2K	10x	as long as short
Backpack XLM_USDC_PERP	+0.0427%	1h	0.2131	−0.206%	$129K	$293K	20x	as long as short
Coinbase International XLM-PERP-INTX	+0.0464%	1h	0.2135	−0.009%	$245K	$1.6M	50x	as long as short
GMX XLM/USD [WBTC.b-USDC]	L +0.0519% / S −0.0247%	1h	0.2129	−0.281%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0877%	1h	0.2132	−0.164%	$529K	$159K	25x	as long as short