Funding you earn now, next payment 23:00 UTC+0.0098%/8h= +10.8% APRnext payment +$0.12 per $10,000 · paid last 24h −0.051%
Price spread now: Injective against Hyperliquid−6.042%73s7-day average −0.168% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 3 days (all we have)+5.620%+$562 · spread now −6.042%, 7d avg −0.168%
=Together, before fees+5.557%+ Points / potential airdropHyperliquid: Season 2 · farm board+$556 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 5.874% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −6.042% now, against its 7-day average of −0.168%). If the spread goes back, that is −$587 on $10k: about 7 months of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XLM | 0.2165 | 0.0377 | pay 0.0047% / 1h | 18m 10s | $12.3M | $6.1M | 5x |
| Short | Injective XLM/USDC PERP | 0.2034 | 0.0475 | get 0.0059% / 1h | 18m 10s | $5K | $238K | 12x |
Hyperliquid XLM
Injective XLM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $20.63
- Price spread: −6.042% → −0.168%
- −$587.41
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$575.8
- Costs to cover
- 0.090%
- Break-even
- 202.4 days
Slippage unknown: Hyperliquid: live order book, 4 min ago; Injective: no order-book sample. 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 Hyperliquid live order book, 4 min ago | 1.38 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 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 | 0.2162 | −0.147% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0020% | 1h | 0.2163 | −0.100% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2164 | −0.047% | $586K | $805K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2163 | −0.065% | $56.2M | $150.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2163 | −0.083% | $44.0M | $43.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2163 | −0.088% | $13.1M | $42.4M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2162 | −0.139% | $4.1M | $6.2M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2163 | −0.097% | $26.3M | $26.4M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2162 | −0.129% | $14.5M | $10.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2162 | −0.115% | $25.8M | $19.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDC | +0.0100% | 8h | 0.2162 | −0.106% | — | $6.7M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | −0.026% | $297K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2167 | +0.087% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2165 | +0.007% | $600K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2165 | +0.018% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2163 | −0.083% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2160 | −0.231% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2162 | −0.106% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2159 | −0.259% | $199K | $263K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2163 | −0.092% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2162 | −0.118% | $194K | $1.6M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0168% | 1h | 0.2163 | −0.092% | $102K | $261K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2164 | −0.028% | $2.3M | $5.7M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2165 | +0.009% | $5K | $41K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2161 | −0.163% | $45K | — | 100x | as long as short |
| Lighter XLM | +0.0368% | 1h | 0.2166 | +0.074% | $419K | $813K | 5x | as long as short |
| Hyperliquid XLMlong | +0.0377% | 1h | 0.2165 | long leg | $12.3M | $6.1M | 5x | |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2168 | +0.134% | $234K | $1.5M | 50x | as long as short |
| Injective XLM/USDC PERPshort | +0.0475% | 1h | 0.2034 | −6.042% | $5K | $238K | 12x | |
| Kraken Futures PF_XLMUSD | +0.0505% | 1h | 0.2163 | −0.064% | $2.6M | $2.7M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0721% | 1h | 0.2164 | −0.032% | $537K | $175K | 25x | as long as short |
BingX XLM-USDC
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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Lighter XLM
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL