Funding you earn now, next payment 01:00 UTC−0.0376%/8h= −41.2% APRpaid last 24h −0.047%
Price spread now: MEXC against Hyperliquid−0.143%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days+0.121%+$12 · spread now −0.143%, 7d avg −0.041%
=Together, before fees+0.123%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 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 MEXC is 0.102% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% 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 | 0.2168 | 0.0476 | pay 0.0060% / 1h | 39m 48s | $12.5M | $6.2M | 5x |
| Short | MEXC XLM_USDT | 0.2165 | 0.0100 | get 0.0100% / 8h | 7h 39m | $24.9M | $26.3M | 300x |
Hyperliquid XLM
MEXC XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$79.04
- Price spread: −0.143% → −0.041%
- −$10.2
- Slippage, 4 orders
- −$12.44
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$110.67
- Costs to cover
- 0.214%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; MEXC: 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 | 1.62 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.23 bp | 1.8 bp −$2 | 8.2 bp −$82 | 35.0 bp −$3,495 | 86.1 bp −$43.1K |
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 | −0.517% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2164 | −0.199% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0044% | 1h | 0.2160 | −0.396% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2168 | −0.028% | $400K | $838K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2166 | −0.097% | $55.9M | $151.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2165 | −0.129% | $44.1M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2165 | −0.143% | $13.1M | $41.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2164 | −0.189% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDTshort | +0.0100% | 8h | 0.2165 | −0.143% | $24.9M | $26.3M | 300x | |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2165 | −0.171% | $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
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 | −0.138% | $25.7M | $19.5M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2165 | −0.134% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2165 | −0.143% | $89K | $269K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2161 | −0.324% | $284K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2159 | −0.416% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2164 | −0.212% | $610K | $619K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2153 | −0.692% | $173K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2164 | −0.194% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2163 | −0.240% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2165 | −0.125% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2165 | −0.152% | $200K | $256K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2166 | −0.106% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2165 | −0.166% | $197K | $1.6M | 10x | as long as short |
| Aster XLMUSDT | +0.0111% | 8h | 0.2166 | −0.092% | $581K | $688K | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0183% | 1h | 0.2166 | −0.120% | $2.6M | $2.6M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2162 | −0.281% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0223% | 1h | 0.2162 | −0.304% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2164 | −0.189% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2165 | −0.129% | $231K | $1.5M | 50x | as long as short |
| Hyperliquid XLMlong | +0.0476% | 1h | 0.2168 | long leg | $12.5M | $6.2M | 5x | |
| Deribit XLM_USDC-PERPETUAL | +0.0674% | 1h | 0.2166 | −0.088% | $538K | $162K | 25x | as long as short |
Bitget XLMUSDT
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
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