Funding you earn now, next payment 23:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h −0.006%
Price spread now: Kraken Futures against Hyperliquid−0.111%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 3 days (all we have)−0.170%−$17 · spread now −0.111%, 7d avg −0.055%
=Together, before fees−0.340%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.056% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.055%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XLM | 0.2163 | 0.0415 | pay 0.0052% / 1h | 9m 16s | $12.3M | $6.1M | 5x |
| Short | Kraken Futures PF_XLMUSD | 0.2161 | 0.0506 | get 0.0063% / 1h | 9m 16s | $2.6M | $2.7M | 50x |
Hyperliquid XLM
Kraken Futures PF_XLMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $19.18
- Price spread: −0.111% → −0.055%
- −$5.6
- Slippage, 4 orders
- −$26.07
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$31.49
- Costs to cover
- 0.451%
- Break-even
- 18.5 days
Slippage from Hyperliquid: live order book, 3 min ago; Kraken Futures: live order book, 4 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, 3 min ago | 0.46 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 5.09 bp | 16.4 bp −$16 | 22.5 bp −$225 | 179.9 bp −$18.0K | 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 | 0.2159 | −0.204% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0021% | 1h | 0.2157 | −0.256% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2161 | −0.097% | $586K | $805K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2161 | −0.088% | $56.1M | $150.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2160 | −0.143% | $43.9M | $43.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2160 | −0.139% | $13.1M | $42.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2159 | −0.171% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2161 | −0.097% | $26.3M | $26.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2160 | −0.148% | $14.5M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2160 | −0.134% | $25.8M | $19.1M | 75x | as long as short |
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 XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2160 | −0.134% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2159 | −0.175% | $297K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2161 | −0.110% | $12K | $299K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | +0.037% | $600K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2161 | −0.088% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2159 | −0.185% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2157 | −0.277% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2160 | −0.143% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2159 | −0.190% | $199K | $263K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2160 | −0.139% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2160 | −0.157% | $193K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0165% | 1h | 0.2161 | −0.111% | $102K | $260K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2161 | −0.092% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2159 | −0.194% | $5K | $41K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2158 | −0.222% | $45K | — | 100x | as long as short |
| Lighter XLM | +0.0352% | 1h | 0.2164 | +0.046% | $418K | $813K | 5x | as long as short |
| Hyperliquid XLMlong | +0.0415% | 1h | 0.2163 | long leg | $12.3M | $6.1M | 5x | |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2167 | +0.166% | $234K | $1.5M | 50x | as long as short |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2031 | −6.103% | $5K | $238K | 12x | as long as short |
| Kraken Futures PF_XLMUSDshort | +0.0506% | 1h | 0.2161 | −0.111% | $2.6M | $2.7M | 50x | |
| Deribit XLM_USDC-PERPETUAL | +0.0769% | 1h | 0.2161 | −0.079% | $536K | $174K | 25x | as long as short |
BingX XLM-USDT
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
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Lighter XLM
Coinbase International XLM-PERP-INTX
Injective XLM/USDC PERP
Deribit XLM_USDC-PERPETUAL