Funding you earn now, next payment 03:00 UTC+0.0207%/8h= +22.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.052%
Price spread now: Hyperliquid against ApeX Omni+0.236%65s7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.757%−$76 · spread now +0.236%, 7d avg +0.055%
=Together, before fees−0.770%+ Points / potential airdropHyperliquid: Season 2 · farm board−$77 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.182% dearer against ApeX Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.055%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 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 | ApeX Omni XLMUSDT | 0.2117 | 0.0100 | pay 0.0013% / 1h | 56m 27s | $170K | $256K | 50x |
| Short | Hyperliquid XLM | 0.2122 | 0.0307 | get 0.0038% / 1h | 56m 27s | $12.2M | $6.3M | 5x |
ApeX Omni XLMUSDT
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $43.47
- Price spread: +0.236% → +0.055%
- $18.15
- Slippage, 4 orders
- −$27.15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $15.48
- Costs to cover
- 0.461%
- Break-even
- 4.5 days
Slippage from ApeX Omni: live order book, 5 min ago; Hyperliquid: live order book, 6 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 ApeX Omni live order book, 5 min ago | 6.13 bp | 13.2 bp −$13 | 103.8 bp −$1,038 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.41 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.058% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2119 | +0.099% | $356K | $899K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2121 | +0.175% | $54.1M | $153.2M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2120 | +0.128% | $42.8M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2120 | +0.113% | $12.6M | $41.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2116 | −0.047% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2121 | +0.170% | $23.2M | $26.5M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2120 | +0.137% | $14.1M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2121 | +0.161% | $25.4M | $20.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2121 | +0.175% | — | $6.7M | — | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDCShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2111 | −0.298% | $86K | $259K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2120 | +0.134% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | +0.144% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2119 | +0.061% | $586K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDTlong | +0.0100% | 1h | 0.2117 | long leg | $170K | $256K | 50x | |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2111 | −0.298% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2108 | −0.444% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2109 | −0.368% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2111 | −0.302% | $195K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2110 | −0.340% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2120 | +0.126% | $188K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0106% | 8h | 0.2116 | −0.039% | $566K | $624K | 75x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2113 | −0.198% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLMshort | +0.0307% | 1h | 0.2122 | +0.236% | $12.2M | $6.3M | 5x | |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2113 | −0.217% | $232K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0466% | 1h | 0.2110 | −0.333% | $2.6M | $2.7M | 50x | as long as short |
| dYdX XLM-USD | +0.0497% | 1h | 0.2117 | −0.031% | $23K | $2K | 10x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0193% | 1h | 0.2109 | −0.379% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0793% | 1h | 0.2111 | −0.279% | $524K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | +0.364% | $683 | $241K | 12x | as long as short |
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Aster XLMUSDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP