Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.13 per $10,000 · paid last 24h +0.012%
Price spread now: Hyperliquid against Kraken Futures+0.018%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)+0.780%+$78 · spread now +0.018%, 7d avg +0.054%
=Together, before fees+0.928%+ Points / potential airdropHyperliquid: Season 2 · farm board+$93 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.036% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.149%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XLMUSD | 0.2145 | 0.0458 | pay 0.0057% / 1h | 13m 42s | $2.6M | $2.7M | 50x |
| Short | Hyperliquid XLM | 0.2145 | 0.0358 | get 0.0045% / 1h | 13m 42s | $12.4M | $6.2M | 5x |
Kraken Futures PF_XLMUSD
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. 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
- −$21.05
- Price spread: +0.018% → +0.054%
- −$3.62
- Slippage, 4 orders
- −$29.81
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$73.49
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Hyperliquid: live order book, 9 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 Kraken Futures live order book, 5 min ago | 8.86 bp | 14.3 bp −$14 | 19.5 bp −$195 | 64.7 bp −$6,468 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.70 bp | 7.3 bp −$7 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2143 | −0.107% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2147 | +0.097% | $376K | $923K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2144 | −0.050% | $571K | $623K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2146 | +0.035% | $55.0M | $154.5M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2144 | −0.043% | $43.3M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2144 | −0.066% | $12.6M | $42.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2144 | −0.029% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2144 | −0.043% | $24.3M | $27.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2144 | −0.047% | $14.2M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2144 | −0.061% | $25.7M | $21.1M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
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 | 0.2144 | −0.052% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2149 | +0.189% | $257K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2146 | +0.034% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2147 | +0.100% | $594K | $585K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2145 | +0.018% | $172K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2146 | +0.046% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2142 | −0.141% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2145 | −0.015% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2145 | +0.013% | $198K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2145 | +0.018% | $9.0M | $8.9M | 50x | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2145 | −0.005% | $96K | $274K | 20x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2144 | −0.060% | $191K | $1.8M | 10x | as long as short |
| dYdX XLM-USD | +0.0216% | 1h | 0.2144 | −0.067% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2143 | −0.085% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2145 | +0.009% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLMshort | +0.0358% | 1h | 0.2145 | +0.018% | $12.4M | $6.2M | 5x | |
| Kraken Futures PF_XLMUSDlong | +0.0458% | 1h | 0.2145 | long leg | $2.6M | $2.7M | 50x | |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2146 | +0.050% | $235K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0519% / S −0.0193% | 1h | 0.2143 | −0.106% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0776% | 1h | 0.2146 | +0.060% | $533K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −0.933% | $683 | $241K | 12x | 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
Backpack XLM_USDC_PERP
Extended XLM-USD
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP