Funding you earn now, next payment 03:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.055%
Price spread now: BingX against Hyperliquid−0.121%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BingX is 0.121% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment. 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 | 0.2150 | 0.0374 | pay 0.0047% / 1h | 16m 54s | $12.4M | $6.2M | 5x |
| Short | BingX XLM-USDC | 0.2147 | 0.0100 | get 0.0100% / 8h | 5h 16m | — | $6.7M | — |
Hyperliquid XLM
BingX XLM-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$57.58
- Price spread: −0.121% → 0.000%
- −$12.09
- Slippage, 4 orders
- −$27.37
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$116.04
- Costs to cover
- 0.464%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; BingX: live order book, 11 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, 6 min ago | 0.70 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 0.94 bp | 16.4 bp −$16 | 92.1 bp −$921 | 969.1 bp −$96.9K | 1338.8 bp −$669.4K |
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 | 0.2145 | −0.207% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2149 | −0.037% | $376K | $923K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2148 | −0.102% | $55.1M | $154.3M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2147 | −0.140% | $43.4M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2146 | −0.186% | $12.6M | $42.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2147 | −0.130% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2148 | −0.107% | $24.2M | $27.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2147 | −0.121% | $14.2M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2147 | −0.130% | $25.8M | $21.0M | 75x | as long as short |
| BingX XLM-USDCshort | +0.0100% | 8h | 0.2147 | −0.121% | — | $6.7M | — |
gTrade (Gains Network) XLM/USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XLM | +0.0100% | 8h | 0.2145 | −0.223% | $257K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2144 | −0.296% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2144 | −0.270% | $593K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2146 | −0.163% | $172K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2147 | −0.135% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2143 | −0.302% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2146 | −0.181% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2145 | −0.237% | $198K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2147 | −0.130% | $9.0M | $8.9M | 50x | as long as short |
| Aster XLMUSDT | +0.0101% | 8h | 0.2148 | −0.105% | $572K | $623K | 75x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2147 | −0.145% | $191K | $1.8M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0107% | 1h | 0.2149 | −0.056% | $96K | $274K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2146 | −0.163% | $2.3M | $5.0M | 75x | as long as short |
| dYdX XLM-USD | +0.0222% | 1h | 0.2144 | −0.263% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2145 | −0.219% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLMlong | +0.0374% | 1h | 0.2150 | long leg | $12.4M | $6.2M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0458% | 1h | 0.2146 | −0.161% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2146 | −0.200% | $235K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0520% / S −0.0193% | 1h | 0.2146 | −0.196% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0915% | 1h | 0.2148 | −0.093% | $533K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −1.158% | $683 | $241K | 12x | as long as short |
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
Aster XLMUSDT
Extended XLM-USD
Backpack XLM_USDC_PERP
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
Injective XLM/USDC PERP