Funding you earn now, next payment 09:00 UTC+0.0330%/8h= +36.1% APRpaid last 24h +0.070%
Price spread now: Hyperliquid against BingX+0.123%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$390.394% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 7 days−0.124%−$12 · spread now +0.123%, 7d avg +0.056%
=Together, before fees−0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.067% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment. 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 | BingX XLM-USDC | 0.2117 | 0.0100 | pay 0.0100% / 8h | 7h 45m | — | $6.7M | — |
| Short | Hyperliquid XLM | 0.2120 | 0.0430 | get 0.0054% / 1h | 45m 50s | $12.1M | $6.4M | 5x |
BingX XLM-USDC
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $69.33
- Price spread: +0.123% → +0.056%
- $6.7
- Slippage, 4 orders
- −$20.39
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $36.63
- Costs to cover
- 0.394%
- Break-even
- 3.3 days
Slippage from BingX: live order book, 7 min ago; Hyperliquid: live order book, 7 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 BingX live order book, 7 min ago | 1.18 bp | 16.5 bp −$16 | 101.4 bp −$1,014 | 842.5 bp −$84.2K | 1130.0 bp −$565.0K |
| Sell Hyperliquid live order book, 7 min ago | 1.41 bp | 9.6 bp −$10 | 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 | 0.2117 | +0.014% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.368% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2121 | +0.161% | $365K | $917K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2119 | +0.072% | $562K | $583K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2118 | +0.043% | $55.2M | $161.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2117 | −0.009% | $43.5M | $46.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2117 | 0.000% | $12.1M | $45.1M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2117 | −0.005% | $3.9M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2118 | +0.033% | $24.4M | $28.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2117 | +0.009% | $14.0M | $9.2M | 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 | 0.2117 | −0.005% | $25.6M | $23.0M | 75x | as long as short |
| BingX XLM-USDClong | +0.0100% | 8h | 0.2117 | long leg | — | $6.7M | — | |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2118 | +0.033% | $129K | $347K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2116 | −0.050% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | +0.144% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2120 | +0.129% | $591K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2120 | +0.113% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2118 | +0.038% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2115 | −0.099% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2117 | +0.014% | $577 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2118 | +0.043% | $195K | $219K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2118 | +0.038% | $8.7M | $8.8M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2117 | +0.011% | $189K | $1.0M | 10x | as long as short |
| dYdX XLM-USD | +0.0175% | 1h | 0.2118 | +0.021% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2119 | +0.094% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2121 | +0.175% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2121 | +0.189% | $218K | $1.7M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0341% | 1h | 0.2118 | +0.051% | $2.5M | $2.6M | 50x | as long as short |
| Hyperliquid XLMshort | +0.0430% | 1h | 0.2120 | +0.123% | $12.1M | $6.4M | 5x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0247% | 1h | 0.2117 | −0.012% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0695% | 1h | 0.2119 | +0.090% | $526K | $149K | 25x | as long as short |
Bitget XLMUSDT
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
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL