Funding you earn now, next payment 07:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.061%
Price spread now: KuCoin against Hyperliquid−0.066%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$550.555% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.066%, 7d avg −0.044%
=Together, before fees+0.004%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XLM | 0.2130 | 0.0187 | pay 0.0023% / 1h | 20m 39s | $12.1M | $6.5M | 5x |
| Short | KuCoin XLMUSDTM | 0.2129 | 0.0100 | get 0.0100% / 8h | 1h 20m | $14.1M | $9.4M | 75x |
Hyperliquid XLM
KuCoin XLMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$18.36
- Price spread: −0.066% → −0.044%
- −$2.21
- Slippage, 4 orders
- −$34.48
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$76.06
- Costs to cover
- 0.555%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; KuCoin: 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, 2 min ago | 0.70 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 2.13 bp | 16.3 bp −$16 | 36.7 bp −$367 | 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 | 0.2126 | −0.201% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.230% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2131 | +0.066% | $368K | $946K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2129 | −0.019% | $564K | $634K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2129 | −0.028% | $54.7M | $162.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2127 | −0.127% | $43.1M | $47.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2129 | −0.038% | $12.2M | $44.6M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2128 | −0.089% | $4.0M | $7.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2130 | −0.014% | $25.1M | $29.1M | 300x | as long as short |
| KuCoin XLMUSDTMshort | +0.0100% | 8h | 0.2129 | −0.066% | $14.1M | $9.4M | 75x |
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_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2129 | −0.061% | $25.6M | $23.0M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2129 | −0.023% | — | $7.4M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2125 | −0.224% | $253K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2125 | −0.249% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2124 | −0.263% | $596K | $593K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2122 | −0.347% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2126 | −0.183% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2126 | −0.164% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2127 | −0.141% | $579 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2127 | −0.146% | $196K | $249K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2127 | −0.160% | $8.7M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2129 | −0.039% | $189K | $1.6M | 10x | as long as short |
| Hyperliquid XLMlong | +0.0187% | 1h | 0.2130 | long leg | $12.1M | $6.5M | 5x | |
| Backpack XLM_USDC_PERP | +0.0208% | 1h | 0.2127 | −0.113% | $130K | $349K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2127 | −0.113% | $2.3M | $5.6M | 75x | as long as short |
| dYdX XLM-USD | +0.0221% | 1h | 0.2126 | −0.200% | $23K | $2K | 10x | as long as short |
| Phoenix XLM | +0.0263% | 1h | 0.2121 | −0.413% | $4K | $50K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0332% | 1h | 0.2127 | −0.121% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2125 | −0.216% | $222K | $1.7M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2125 | −0.222% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0973% | 1h | 0.2129 | −0.052% | $528K | $168K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
dYdX XLM-USD
Phoenix XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL