Funding you earn now, next payment 03:00 UTC+0.0347%/8h= +38.0% APRnext payment +$0.43 per $10,000 · paid last 24h −0.056%
Price spread now: Hyperliquid against Lighter−0.047%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.047%, 7d avg −0.024%
=Together, before fees−0.058%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.023% cheaper against Lighter than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of −0.024%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 per $10,000. 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 | Lighter XLM | 0.2129 | 0.0096 | pay 0.0012% / 1h | 41m 59s | $358K | $901K | 5x |
| Short | Hyperliquid XLM | 0.2128 | 0.0443 | get 0.0055% / 1h | 41m 59s | $12.3M | $6.2M | 5x |
Lighter XLM
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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
- $72.93
- Price spread: −0.047% → −0.024%
- −$2.28
- Slippage, 4 orders
- −$46.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $14.67
- Costs to cover
- 0.560%
- Break-even
- 5.6 days
Slippage from Lighter: live order book, 18 min ago; Hyperliquid: live order book, 11 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 Lighter live order book, 18 min ago | 4.01 bp | 22.9 bp −$23 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.23 bp | 5.2 bp −$5 | 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 | 0.2126 | −0.129% | $4K | — | 150x | as long as short |
| Lighter XLMlong | +0.0096% | 1h | 0.2129 | long leg | $358K | $901K | 5x | |
| Binance XLMUSDT | +0.0100% | 8h | 0.2122 | −0.331% | $54.4M | $153.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2122 | −0.352% | $42.9M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2120 | −0.432% | $12.6M | $41.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2122 | −0.315% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2122 | −0.352% | $23.8M | $26.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2121 | −0.371% | $14.0M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2122 | −0.324% | $25.5M | $20.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2121 | −0.371% | — | $6.7M | — | as long as short |
gTrade (Gains Network) XLM/USD
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2126 | −0.136% | $93K | $262K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2114 | −0.708% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2118 | −0.525% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2114 | −0.695% | $585K | $598K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2118 | −0.507% | $170K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2126 | −0.150% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2126 | −0.164% | $2K | $1.6M | 20x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2127 | −0.103% | $196K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | −0.099% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2122 | −0.342% | $189K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0109% | 8h | 0.2127 | −0.123% | $566K | $624K | 75x | as long as short |
| SoDEX XLM-USD | +0.0111% | 1h | 0.2127 | −0.113% | $2K | $6K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2126 | −0.155% | $2.3M | $5.0M | 75x | as long as short |
| dYdX XLM-USD | +0.0227% | 1h | 0.2127 | −0.122% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2116 | −0.601% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLMshort | +0.0443% | 1h | 0.2128 | −0.047% | $12.3M | $6.2M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0462% | 1h | 0.2127 | −0.097% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2125 | −0.178% | $233K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2126 | −0.155% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0691% | 1h | 0.2128 | −0.070% | $528K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −0.197% | $683 | $241K | 12x | as long as short |
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Aster XLMUSDT
SoDEX XLM-USD
BloFin XLM-USDT
dYdX XLM-USD
Phoenix XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP