Funding you earn now, next payment 08:00 UTC−0.0264%/8h= −28.9% APRnext payment −$0.33 per $10,000 · paid last 24h −0.090%
Price spread now: Hyperliquid against Deribit+0.044%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.044%, 7d avg +0.014%
=Together, before fees−0.147%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.030% dearer against Deribit than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.014%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.194% in total) that is about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XLM_USDC-PERPETUAL | 0.2112 | 0.0840 | pay 0.0105% / 1h | 23m 52s | $524K | $172K | 25x |
| Short | Hyperliquid XLM | 0.2113 | 0.0576 | get 0.0072% / 1h | 23m 52s | $12.1M | $6.4M | 5x |
Deribit XLM_USDC-PERPETUAL
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$55.34
- Price spread: +0.044% → +0.014%
- $3.05
- Slippage, 4 orders
- −$15.38
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$83.67
- Costs to cover
- 0.314%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 15 min ago; Hyperliquid: live order book, 9 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, 15 min ago | 4.01 bp | 7.5 bp −$8 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.95 bp | 8.7 bp −$9 | 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 | 0.2110 | −0.139% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.592% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2114 | +0.047% | $364K | $942K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2111 | −0.048% | $559K | $596K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2111 | −0.066% | $54.1M | $159.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2110 | −0.118% | $42.9M | $46.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2110 | −0.114% | $12.1M | $44.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2110 | −0.109% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2111 | −0.085% | $24.0M | $29.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2110 | −0.109% | $14.0M | $9.3M | 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 | 0.2110 | −0.118% | $25.3M | $22.6M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2110 | −0.099% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2110 | −0.113% | $251K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | +0.073% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2112 | −0.019% | $584K | $562K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2114 | +0.047% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2110 | −0.118% | $3K | $447 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2109 | −0.180% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2111 | −0.080% | $575 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2116 | +0.166% | $195K | $221K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2111 | −0.062% | $8.7M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2110 | −0.128% | $189K | $1.3M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0110% | 1h | 0.2111 | −0.071% | $129K | $342K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2111 | −0.071% | $2.3M | $5.4M | 75x | as long as short |
| dYdX XLM-USD | +0.0261% | 1h | 0.2111 | −0.069% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2115 | +0.118% | $4K | $50K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2114 | +0.066% | $219K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2109 | −0.148% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0552% | 1h | 0.2111 | −0.086% | $2.5M | $2.6M | 50x | as long as short |
| Hyperliquid XLMshort | +0.0576% | 1h | 0.2113 | +0.044% | $12.1M | $6.4M | 5x | |
| Deribit XLM_USDC-PERPETUALlong | +0.0840% | 1h | 0.2112 | long leg | $524K | $172K | 25x |
Bitget XLMUSDT
BingX XLM-USDC
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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
dYdX XLM-USD
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD