Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.060%
Price spread now: Variational Omni against Hyperliquid+0.020%7-day average −0.110% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.020%, 7d avg −0.110%
=Together, before fees−0.257%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.130% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.110%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XLM | 0.2112 | 0.0199 | pay 0.0025% / 1h | 42m 44s | $12.1M | $6.4M | 5x |
| Short | Variational Omni XLM | 0.2112 | 0.0100 | get 0.0100% / 8h | 2h 42m | $252K | $1.3M | — |
Hyperliquid XLM
Variational Omni XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$20.69
- Price spread: +0.020% → −0.110%
- $13.02
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$16.66
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 10 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 10 min ago | 0.71 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 7.11 bp | doesn't fit | 16.6 bp −$166 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2107 | −0.244% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.630% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2111 | −0.043% | $354K | $981K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2109 | −0.130% | $560K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2108 | −0.168% | $53.9M | $159.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2107 | −0.223% | $42.7M | $46.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2107 | −0.246% | $12.4M | $43.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2106 | −0.270% | $4.1M | $7.1M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2108 | −0.185% | $24.6M | $27.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2110 | −0.099% | $13.8M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
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 | 0.2110 | −0.099% | $25.5M | $22.6M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2109 | −0.133% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2106 | −0.289% | $124K | $296K | 20x | as long as short |
| Variational Omni XLMshort | +0.0100% | 8h | 0.2112 | +0.020% | $252K | $1.3M | — | |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2117 | +0.245% | $12K | $308K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2114 | +0.099% | $592K | $608K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2113 | +0.076% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2107 | −0.223% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2106 | −0.260% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2106 | −0.279% | $574 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2106 | −0.256% | $194K | $250K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2107 | −0.246% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2107 | −0.233% | $189K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0144% | 1h | 0.2106 | −0.268% | $2.6M | $2.7M | 50x | as long as short |
| Hyperliquid XLMlong | +0.0199% | 1h | 0.2112 | long leg | $12.1M | $6.4M | 5x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2107 | −0.232% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2117 | +0.265% | $4K | $49K | 5x | as long as short |
| dYdX XLM-USD | +0.0249% | 1h | 0.2108 | −0.172% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2110 | −0.076% | $226K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0247% | 1h | 0.2106 | −0.279% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0605% | 1h | 0.2107 | −0.227% | $522K | $163K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
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
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL