Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.057%
Price spread now: Hyperliquid against Binance+0.149%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 7 days−0.119%−$12 · spread now +0.149%, 7d avg +0.038%
=Together, before fees−0.111%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.111% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XLMUSDT | 0.2149 | 0.0100 | pay 0.0100% / 8h | 4h 29m | $55.0M | $154.9M | 75x |
| Short | Hyperliquid XLM | 0.2152 | 0.0121 | get 0.0015% / 1h | 29m 56s | $12.4M | $6.2M | 5x |
Binance XLMUSDT
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $4.41
- Price spread: +0.149% → +0.038%
- $11.1
- Slippage, 4 orders
- −$14.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$17.71
- Costs to cover
- 0.332%
- Break-even
- 35.1 days
Slippage from Binance: live order book, 13 min ago; Hyperliquid: live order book, 3 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 Binance live order book, 13 min ago | 0.24 bp | 8.6 bp −$9 | 12.1 bp −$121 | 35.8 bp −$3,579 | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.23 bp | 6.2 bp −$6 | doesn't fit | 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 | 0.2146 | −0.096% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −1.094% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2150 | +0.051% | $372K | $967K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2147 | −0.064% | $571K | $625K | 75x | as long as short |
| Binance XLMUSDTlong | +0.0100% | 8h | 0.2149 | long leg | $55.0M | $154.9M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2148 | −0.042% | $43.4M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2148 | −0.042% | $12.6M | $42.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2148 | −0.019% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2147 | −0.088% | $23.8M | $26.9M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2148 | −0.037% | $14.2M | $9.7M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster 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 | 0.2147 | −0.065% | $25.9M | $21.2M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2151 | +0.098% | — | $7.3M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2151 | +0.107% | $96K | $270K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2143 | −0.250% | $257K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | −1.094% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2125 | −1.084% | $591K | $592K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2134 | −0.661% | $171K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2148 | −0.023% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2144 | −0.205% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2149 | 0.000% | $585 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2147 | −0.070% | $198K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2150 | +0.088% | $9.1M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2146 | −0.100% | $191K | $1.8M | 10x | as long as short |
| Hyperliquid XLMshort | +0.0121% | 1h | 0.2152 | +0.149% | $12.4M | $6.2M | 5x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2144 | −0.214% | $2.3M | $5.0M | 75x | as long as short |
| dYdX XLM-USD | +0.0222% | 1h | 0.2147 | −0.065% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2131 | −0.815% | $5K | $46K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0263% | 1h | 0.2149 | +0.014% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0480% | 1h | 0.2151 | +0.130% | $240K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0521% / S −0.0247% | 1h | 0.2146 | −0.115% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1054% | 1h | 0.2150 | +0.061% | $533K | $153K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
dYdX XLM-USD
Phoenix XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL