Funding you earn now, next payment 00:00 UTC−0.0223%/8h= −24.5% APRpaid last 24h −0.044%
Price spread now: SunX against Hyperliquid+0.009%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2092.092% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)−0.112%−$11 · spread now +0.009%, 7d avg −0.029%
=Together, before fees−0.054%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.038% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.029%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% 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 | 0.2155 | 0.0323 | pay 0.0040% / 1h | 2m 18s | $12.3M | $6.2M | 5x |
| Short | SunX XLM-USDT | 0.2155 | 0.0100 | get 0.0100% / 8h | 2m 18s | $2K | $1.7M | 20x |
Hyperliquid XLM
SunX XLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$46.91
- Price spread: +0.009% → −0.029%
- $3.82
- Slippage, 4 orders
- −$192.15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$252.25
- Costs to cover
- 2.092%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; SunX: 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, 10 min ago | 0.23 bp | 7.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 64.26 bp | 110.9 bp −$111 | doesn't fit | 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 | 0.2157 | +0.111% | $736 | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2153 | −0.092% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0090% | 1h | 0.2152 | −0.135% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2156 | +0.077% | $578K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2153 | −0.063% | $55.5M | $151.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2153 | −0.088% | $43.7M | $44.1M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2153 | −0.093% | $13.0M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2153 | −0.084% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2154 | −0.037% | $24.9M | $26.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2152 | −0.102% | $14.3M | $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 XLMUSDT | +0.0100% | 8h | 0.2153 | −0.070% | $25.6M | $19.3M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2153 | −0.070% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2153 | −0.074% | $89K | $271K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2145 | −0.436% | $267K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2148 | −0.286% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2152 | −0.135% | $595K | $604K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2148 | −0.316% | $172K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2154 | −0.028% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDTshort | +0.0100% | 8h | 0.2155 | +0.009% | $2K | $1.7M | 20x | |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2153 | −0.079% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2152 | −0.111% | $198K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2153 | −0.093% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2153 | −0.087% | $192K | $1.6M | 10x | as long as short |
| Lighter XLM | +0.0168% | 1h | 0.2156 | +0.065% | $397K | $836K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2152 | −0.097% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2149 | −0.265% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0315% / S −0.0167% | 1h | 0.2152 | −0.104% | $45K | — | 100x | as long as short |
| Hyperliquid XLMlong | +0.0323% | 1h | 0.2155 | long leg | $12.3M | $6.2M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0414% | 1h | 0.2153 | −0.054% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2155 | 0.000% | $229K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0772% | 1h | 0.2155 | +0.009% | $535K | $161K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Lighter XLM
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL