Funding you earn now, next payment 11:00 UTC+0.0435%/8h= +47.6% APRpaid last 24h +0.075%
Price spread now: Hyperliquid against edgeX+0.134%46s7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as 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−$330.330% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.134%, 7d avg +0.073%
=Together, before fees+0.030%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.061% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.073%. The two prices were read 46 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 -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX XLMUSDC | 0.2126 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $12K | $311K | 10x |
| Short | Hyperliquid XLM | 0.2129 | 0.0535 | get 0.0067% / 1h | 56m 53s | $12.5M | $5.6M | 5x |
edgeX XLMUSDC
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against edgeX. 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
- $91.37
- Price spread: +0.134% → +0.073%
- $6.12
- Slippage, 4 orders
- −$15.02
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $64.47
- Costs to cover
- 0.330%
- Break-even
- 2.1 days
Slippage from edgeX: live order book, 54 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 edgeX live order book, 54 min ago | 3.07 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.41 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
XLM on 31 exchanges
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 | 0.2125 | −0.050% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.063% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2128 | +0.073% | $372K | $803K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2128 | +0.056% | $564K | $473K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2127 | +0.028% | $55.0M | $146.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2126 | −0.016% | $44.2M | $41.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2127 | +0.012% | $12.3M | $42.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2126 | −0.011% | $4.0M | $6.5M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2127 | +0.012% | $24.6M | $27.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2126 | −0.007% | $13.8M | $8.7M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2127 | +0.007% | $26.2M | $21.6M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2126 | −0.002% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2126 | +0.003% | $120K | $305K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2125 | −0.063% | $255K | $1.2M | — | as long as short |
| edgeX XLMUSDClong | +0.0100% | 4h | 0.2126 | long leg | $12K | $311K | 10x | |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2130 | +0.174% | $595K | $539K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2129 | +0.144% | $171K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2126 | −0.016% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2126 | +0.003% | $2K | $1.4M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2127 | +0.007% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2126 | −0.002% | $191K | $244K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2126 | −0.007% | $8.7M | $8.6M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2125 | −0.042% | $190K | $609K | 10x | as long as short |
| Phoenix XLM | +0.0150% | 1h | 0.2130 | +0.181% | $4K | $46K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2127 | +0.017% | $2.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0255% | 1h | 0.2126 | −0.001% | $2.6M | $2.5M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2130 | +0.153% | $212K | $1.4M | 50x | as long as short |
| dYdX XLM-USD | +0.0343% | 1h | 0.2125 | −0.046% | $27K | $5K | 10x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0513% / S −0.0245% | 1h | 0.2126 | −0.032% | $39K | — | 100x | as long as short |
| Hyperliquid XLMshort | +0.0535% | 1h | 0.2129 | +0.134% | $12.5M | $5.6M | 5x | |
| Deribit XLM_USDC-PERPETUAL | +0.0738% | 1h | 0.2128 | +0.073% | $527K | $103K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
Variational Omni XLM
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
Phoenix XLM
BloFin XLM-USDT
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL