Funding you earn now, next payment 01:00 UTC−0.0371%/8h= −40.6% APRnext payment −$0.46 per $10,000 · paid last 24h −0.047%
Price spread now: ApeX Omni against Hyperliquid−0.632%65s7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as 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−$460.463% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 3 days (all we have)+0.499%+$50 · spread now −0.632%, 7d avg −0.064%
=Together, before fees+0.518%+ Points / potential airdropHyperliquid: Season 2 · farm board+$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and ApeX Omni is 0.569% cheaper against Hyperliquid than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of −0.064%). Swap the legs. The two prices were read 65 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 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 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 | Hyperliquid XLM | 0.2167 | 0.0471 | pay 0.0059% / 1h | 40m 24s | $12.5M | $6.3M | 5x |
| Short | ApeX Omni XLMUSDT | 0.2153 | 0.0100 | get 0.0013% / 1h | 40m 24s | $173K | $258K | 50x |
Hyperliquid XLM
ApeX Omni XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$77.9
- Price spread: −0.632% → −0.064%
- −$56.86
- Slippage, 4 orders
- −$27.27
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$181.03
- Costs to cover
- 0.463%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; ApeX Omni: live order book, 31 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 Hyperliquid live order book, 2 min ago | 1.62 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 31 min ago | 6.28 bp | 15.1 bp −$15 | 108.8 bp −$1,088 | 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 | 0.2157 | −0.457% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2164 | −0.139% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0044% | 1h | 0.2160 | −0.336% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2163 | −0.180% | $399K | $838K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2165 | −0.086% | $55.9M | $151.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2164 | −0.125% | $44.1M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2165 | −0.088% | $13.1M | $41.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2163 | −0.171% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2165 | −0.102% | $25.0M | $26.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2164 | −0.134% | $14.4M | $10.3M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Lighter XLM
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 | 0.2165 | −0.065% | $25.7M | $19.5M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2165 | −0.111% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2160 | −0.328% | $88K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2161 | −0.265% | $284K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2159 | −0.356% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | −0.153% | $610K | $619K | 10x | as long as short |
| ApeX Omni XLMUSDTshort | +0.0100% | 1h | 0.2153 | −0.632% | $173K | $258K | 50x | |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2164 | −0.134% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2163 | −0.180% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2165 | −0.065% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2162 | −0.235% | $199K | $257K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2161 | −0.291% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2165 | −0.077% | $197K | $1.6M | 10x | as long as short |
| Aster XLMUSDT | +0.0111% | 8h | 0.2166 | −0.032% | $581K | $688K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2166 | −0.060% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2162 | −0.222% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2162 | −0.245% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2164 | −0.129% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2165 | −0.069% | $231K | $1.5M | 50x | as long as short |
| Hyperliquid XLMlong | +0.0471% | 1h | 0.2167 | long leg | $12.5M | $6.3M | 5x | |
| Deribit XLM_USDC-PERPETUAL | +0.0674% | 1h | 0.2166 | −0.028% | $538K | $162K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
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
Aster XLMUSDT
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL