Funding you earn now, next payment 00:00 UTC−0.0409%/8h= −44.8% APRpaid last 24h −0.044%
Price spread now: Bitget against Hyperliquid−0.102%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.102%, 7d avg −0.065%
=Together, before fees+0.036%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.036% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.065%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% 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 | 0.2166 | 0.0509 | pay 0.0064% / 1h | 35m 25s | $12.3M | $6.1M | 5x |
| Short | Bitget XLMUSDT | 0.2163 | 0.0100 | get 0.0100% / 8h | 35m 25s | $25.8M | $19.3M | 75x |
Hyperliquid XLM
Bitget XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$85.93
- Price spread: −0.102% → −0.065%
- −$3.63
- Slippage, 4 orders
- −$12.92
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$123.48
- Costs to cover
- 0.339%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Bitget: 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 Hyperliquid live order book, 7 min ago | 0.23 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.92 bp | 9.2 bp −$9 | 18.2 bp −$182 | 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 | 0.2037 | −5.938% | $5K | $238K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2162 | −0.145% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0069% | 1h | 0.2164 | −0.091% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2167 | +0.049% | $581K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2163 | −0.098% | $55.9M | $150.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2162 | −0.162% | $44.0M | $43.9M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2162 | −0.185% | $13.1M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2163 | −0.111% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2164 | −0.060% | $25.5M | $26.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2164 | −0.074% | $14.5M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
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 XLMUSDTshort | +0.0100% | 8h | 0.2163 | −0.102% | $25.8M | $19.3M | 75x | |
| BingX XLM-USDT | +0.0100% | 8h | 0.2163 | −0.134% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2164 | −0.065% | $94K | $266K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | −0.062% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2165 | −0.050% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | −0.059% | $599K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2164 | −0.092% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2163 | −0.120% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2163 | −0.129% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2164 | −0.074% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2165 | −0.009% | $200K | $260K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2165 | −0.009% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2163 | −0.100% | $194K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2162 | −0.152% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2165 | −0.023% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2162 | −0.160% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0412% | 1h | 0.2165 | −0.047% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2166 | +0.028% | $233K | $1.5M | 50x | as long as short |
| Hyperliquid XLMlong | +0.0509% | 1h | 0.2166 | long leg | $12.3M | $6.1M | 5x | |
| Lighter XLM | +0.0592% | 1h | 0.2168 | +0.097% | $419K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0906% | 1h | 0.2166 | +0.018% | $538K | $160K | 25x | as long as short |
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
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Lighter XLM
Deribit XLM_USDC-PERPETUAL