Funding you earn now, next payment 00:00 UTC−0.0666%/8h= −72.9% APRnext payment −$0.83 per $10,000 · paid last 24h −0.144%
Price spread now: ApeX Omni against Deribit+0.194%74s7-day average −0.060% · you sell dearer than you buy
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−$400.395% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)−0.340%−$34 · spread now +0.194%, 7d avg −0.060%
=The price spread pays, funding is against you. ApeX Omni is 0.254% dearer against Deribit than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of −0.060%): +$25 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.133% in total) that is about 13 days. The two prices were read 74 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 -0.133% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.83 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 | Deribit XLM_USDC-PERPETUAL | 0.2167 | 0.0766 | pay 0.0096% / 1h | 40m 13s | $538K | $160K | 25x |
| Short | ApeX Omni XLMUSDT | 0.2171 | 0.0100 | get 0.0013% / 1h | 40m 13s | $174K | $256K | 50x |
Deribit XLM_USDC-PERPETUAL
ApeX Omni XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- −$139.86
- Price spread: +0.194% → −0.060%
- $25.37
- Slippage, 4 orders
- −$22.52
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$154.01
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 39 min ago; ApeX Omni: live order book, 36 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 Deribit live order book, 39 min ago | 5.54 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 36 min ago | 3.69 bp | 11.0 bp −$11 | 84.8 bp −$848 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2037 | −6.008% | $5K | $238K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2165 | −0.096% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0033% | 1h | 0.2166 | −0.065% | $24K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2168 | +0.026% | $581K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2166 | −0.050% | $55.9M | $150.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2165 | −0.092% | $44.0M | $43.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2165 | −0.106% | $13.1M | $41.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2166 | −0.074% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2166 | −0.046% | $25.7M | $26.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2166 | −0.060% | $14.5M | $10.5M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2166 | −0.074% | $25.8M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2166 | −0.074% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2166 | −0.060% | $94K | $266K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2168 | +0.047% | $257K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2173 | +0.271% | $12K | $302K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2167 | −0.002% | $600K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDTshort | +0.0100% | 1h | 0.2171 | +0.194% | $174K | $256K | 50x | |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2165 | −0.102% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2164 | −0.166% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2165 | −0.078% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2167 | −0.009% | $200K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2166 | −0.042% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2166 | −0.072% | $194K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2170 | +0.111% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2167 | −0.023% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2165 | −0.101% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0412% | 1h | 0.2166 | −0.066% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2171 | +0.180% | $234K | $1.5M | 50x | as long as short |
| Hyperliquid XLM | +0.0524% | 1h | 0.2168 | +0.049% | $12.3M | $6.1M | 5x | as long as short |
| Lighter XLM | +0.0576% | 1h | 0.2170 | +0.115% | $419K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUALlong | +0.0766% | 1h | 0.2167 | long leg | $538K | $160K | 25x |
Bitget XLMUSDT
BingX XLM-USDT
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
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Lighter XLM