Funding you earn now, next payment 23:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.050%
Price spread now: Injective against Hyperliquid−0.924%73s7-day average −0.163% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)+0.414%+$41 · spread now −0.924%, 7d avg −0.163%
=Together, before fees+0.353%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Injective is 0.761% cheaper against Hyperliquid than usual: you would sell low and buy high (−$76 if the spread goes back to its 7-day average of −0.163%). Swap the legs. The two prices were read 73 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 | Hyperliquid XLM | 0.2176 | 0.0486 | pay 0.0061% / 1h | 54m 03s | $12.3M | $6.0M | 5x |
| Short | Injective XLM/USDC PERP | 0.2156 | 0.0475 | get 0.0059% / 1h | 54m 03s | $116 | $185K | 12x |
Hyperliquid XLM
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$2.3
- Price spread: −0.924% → −0.163%
- −$76.09
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$87.41
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Injective: no order-book sample. Net counts fees only.
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, 9 min ago | 0.23 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2177 | +0.031% | $24K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2177 | +0.025% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2176 | −0.018% | $591K | $799K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2175 | −0.057% | $56.5M | $147.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2174 | −0.097% | $44.1M | $42.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2173 | −0.119% | $13.2M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2175 | −0.051% | $4.0M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2176 | +0.009% | $25.9M | $25.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2175 | −0.041% | $14.6M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2174 | −0.087% | $26.0M | $18.5M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDC | +0.0100% | 8h | 0.2175 | −0.074% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2175 | −0.036% | $242K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2171 | −0.251% | $12K | $298K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2175 | −0.062% | $604K | $610K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2167 | −0.418% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2177 | +0.041% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2175 | −0.032% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2175 | −0.028% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2180 | +0.165% | $201K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2176 | −0.014% | $9.2M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2176 | +0.005% | $195K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2170 | −0.299% | $5K | $41K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2181 | +0.216% | $2.4M | $6.3M | 75x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0315% / S −0.0166% | 1h | 0.2176 | −0.010% | $45K | — | 100x | as long as short |
| Backpack XLM_USDC_PERP | +0.0400% | 1h | 0.2176 | −0.009% | $103K | $239K | 20x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2179 | +0.138% | $231K | $1.5M | 50x | as long as short |
| Injective XLM/USDC PERPshort | +0.0475% | 1h | 0.2156 | −0.924% | $116 | $185K | 12x | |
| Deribit XLM_USDC-PERPETUAL | +0.0485% | 1h | 0.2178 | +0.087% | $541K | $174K | 25x | as long as short |
| Hyperliquid XLMlong | +0.0486% | 1h | 0.2176 | long leg | $12.3M | $6.0M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0502% | 1h | 0.2177 | +0.043% | $2.6M | $2.6M | 50x | as long as short |
| Lighter XLM | +0.0768% | 1h | 0.2179 | +0.129% | $429K | $804K | 5x | as long as short |
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
Phoenix XLM
BloFin XLM-USDT
GMX XLM/USD [WBTC.b-USDC]
Backpack XLM_USDC_PERP
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL
Kraken Futures PF_XLMUSD
Lighter XLM