Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.060%
Price spread now: Binance against Hyperliquid0.000%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now 0.000%, 7d avg −0.038%
=Together, before fees−0.021%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.038% dearer against Hyperliquid than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.038%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.010% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XLM | 0.2111 | 0.0204 | pay 0.0026% / 1h | 35m 20s | $12.0M | $6.5M | 5x |
| Short | Binance XLMUSDT | 0.2111 | 0.0100 | get 0.0100% / 8h | 2h 35m | $53.9M | $161.0M | 75x |
Hyperliquid XLM
Binance XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- −$21.9
- Price spread: 0.000% → −0.038%
- $3.79
- Slippage, 4 orders
- −$13.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$50.13
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Binance: live order book, 8 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 Hyperliquid live order book, 7 min ago | 0.95 bp | 7.1 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.47 bp | 8.0 bp −$8 | 14.3 bp −$143 | 35.5 bp −$3,554 | 108.8 bp −$54.4K |
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 | 0.2109 | −0.099% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.673% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2113 | +0.099% | $353K | $987K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2110 | −0.059% | $558K | $629K | 75x | as long as short |
| Binance XLMUSDTshort | +0.0100% | 8h | 0.2111 | 0.000% | $53.9M | $161.0M | 75x | |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2109 | −0.104% | $42.5M | $47.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2109 | −0.090% | $12.3M | $43.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2109 | −0.076% | $4.1M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2110 | −0.033% | $24.2M | $28.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2110 | −0.052% | $13.8M | $9.4M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster 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 | 0.2110 | −0.024% | $25.5M | $22.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2109 | −0.071% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2107 | −0.161% | $130K | $313K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2105 | −0.267% | $251K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2107 | −0.194% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2107 | −0.165% | $590K | $608K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2107 | −0.190% | $169K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2111 | +0.009% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2107 | −0.199% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2111 | +0.009% | $575 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2109 | −0.085% | $194K | $251K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2110 | −0.014% | $8.8M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2110 | −0.034% | $188K | $1.8M | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0143% | 1h | 0.2111 | −0.001% | $2.5M | $2.7M | 50x | as long as short |
| Hyperliquid XLMlong | +0.0204% | 1h | 0.2111 | long leg | $12.0M | $6.5M | 5x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2111 | +0.028% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2105 | −0.270% | $4K | $49K | 5x | as long as short |
| dYdX XLM-USD | +0.0229% | 1h | 0.2109 | −0.102% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0456% | 1h | 0.2110 | −0.014% | $225K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0516% / S −0.0228% | 1h | 0.2109 | −0.097% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.1030% | 1h | 0.2112 | +0.076% | $524K | $163K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
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
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL