Funding you earn now, next payment 06:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.024%
Price spread now: Hyperliquid against BloFin+0.324%87s7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as 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−$310.312% of the position
Funding, last 7 days−0.237%−$24 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.324%, 7d avg +0.061%
=Together, before fees−0.334%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.263% dearer against BloFin than usual: you sell high and buy low (spread +0.324% now, against its 7-day average of +0.061%): +$26 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 55 days. At the pace of the last 7 days (−0.237% in total) that is about 7.8 days. The two prices were read 87 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 | BloFin XLM-USDT | 0.2101 | 0.0220 | pay 0.0220% / 8h | 2h 37m | $2.3M | $5.4M | 75x |
| Short | Hyperliquid XLM | 0.2108 | 0.0204 | get 0.0026% / 1h | 37m 40s | $12.1M | $6.5M | 5x |
BloFin XLM-USDT
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- −$3.34
- Price spread: +0.324% → +0.061%
- $26.27
- Slippage, 4 orders
- −$10.24
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$8.31
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Hyperliquid: live order book, 5 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 BloFin live order book, 6 min ago | 0.24 bp | 6.9 bp −$7 | 12.0 bp −$120 | 26.7 bp −$2,672 | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.95 bp | 9.6 bp −$10 | 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 | 0.2103 | +0.053% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +1.123% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2109 | +0.385% | $352K | $987K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2107 | +0.257% | $558K | $629K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2108 | +0.309% | $53.8M | $160.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2107 | +0.266% | $42.5M | $47.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2108 | +0.305% | $12.3M | $43.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2104 | +0.133% | $4.1M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2108 | +0.314% | $24.3M | $28.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2106 | +0.233% | $13.8M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
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 | 0.2106 | +0.233% | $25.4M | $22.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2106 | +0.224% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2105 | +0.190% | $130K | $313K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2103 | +0.084% | $251K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2109 | +0.347% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2100 | −0.051% | $588K | $608K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2105 | +0.167% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2104 | +0.124% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2101 | −0.005% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2104 | +0.148% | $573 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2106 | +0.224% | $194K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2104 | +0.148% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2104 | +0.144% | $188K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0144% | 1h | 0.2105 | +0.173% | $2.5M | $2.7M | 50x | as long as short |
| Hyperliquid XLMshort | +0.0204% | 1h | 0.2108 | +0.324% | $12.1M | $6.5M | 5x | |
| dYdX XLM-USD | +0.0206% | 1h | 0.2106 | +0.197% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDTlong | +0.0220% | 8h | 0.2101 | long leg | $2.3M | $5.4M | 75x | |
| Phoenix XLM | +0.0226% | 1h | 0.2110 | +0.400% | $4K | $49K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2101 | −0.038% | $224K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0228% | 1h | 0.2102 | +0.049% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0986% | 1h | 0.2106 | +0.238% | $522K | $163K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
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
Kraken Futures PF_XLMUSD
dYdX XLM-USD
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL