Funding you earn now, next payment 01:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h +0.042%
Price spread now: Hyperliquid against Phoenix−0.019%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XLM | 0.2122 | 0.0187 | pay 0.0023% / 1h | 6m 57s | $5K | $46K | 5x |
| Short | Hyperliquid XLM | 0.2122 | 0.0306 | get 0.0038% / 1h | 6m 57s | $12.2M | $6.3M | 5x |
Phoenix XLM
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Phoenix. 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
- $24.91
- Price spread: −0.019% → 0.000%
- −$1.88
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $7.03
- Costs to cover
- 0.160%
- Break-even
- 5.0 days
Slippage unknown: Phoenix: no order-book sample; Hyperliquid: live order book, 6 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 0.71 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XLM on 30 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 | 0.2119 | −0.185% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.118% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2122 | −0.009% | $358K | $908K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2122 | −0.037% | $54.1M | $154.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2120 | −0.127% | $42.8M | $46.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2121 | −0.052% | $12.6M | $41.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2120 | −0.113% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2121 | −0.075% | $23.4M | $27.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2120 | −0.108% | $14.1M | $10.0M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2120 | −0.099% | $25.3M | $20.8M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2121 | −0.085% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2121 | −0.090% | $88K | $258K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2120 | −0.112% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2115 | −0.353% | $11K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2116 | −0.295% | $592K | $611K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2114 | −0.391% | $169K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2120 | −0.118% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2116 | −0.302% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2121 | −0.066% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2120 | −0.122% | $196K | $262K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2121 | −0.052% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2120 | −0.130% | $191K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0115% | 8h | 0.2121 | −0.079% | $567K | $624K | 75x | as long as short |
| dYdX XLM-USD | +0.0141% | 1h | 0.2120 | −0.135% | $23K | $2K | 10x | as long as short |
| Phoenix XLMlong | +0.0187% | 1h | 0.2122 | long leg | $5K | $46K | 5x | |
| Hyperliquid XLMshort | +0.0306% | 1h | 0.2122 | −0.019% | $12.2M | $6.3M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0381% | 1h | 0.2122 | −0.041% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2121 | −0.061% | $234K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0193% | 1h | 0.2118 | −0.197% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0741% | 1h | 0.2121 | −0.075% | $526K | $151K | 25x | as long as short |
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
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL