Funding you earn now, next payment 00:00 UTC−0.0290%/8h= −31.7% APRpaid last 24h −0.044%
Price spread now: MEXC against Hyperliquid+0.005%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.005%, 7d avg −0.040%
=Together, before fees−0.024%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.045% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.040%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% 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 | Hyperliquid XLM | 0.2154 | 0.0390 | pay 0.0049% / 1h | 18m 45s | $12.3M | $6.1M | 5x |
| Short | MEXC XLM_USDT | 0.2154 | 0.0100 | get 0.0100% / 8h | 18m 45s | $25.0M | $26.3M | 300x |
Hyperliquid XLM
MEXC XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$60.82
- Price spread: +0.005% → −0.040%
- $4.5
- Slippage, 4 orders
- −$9.35
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$74.67
- Costs to cover
- 0.184%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; MEXC: live order book, 5 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, 4 min ago | 0.23 bp | 5.6 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.23 bp | 0.8 bp −$1 | 7.2 bp −$72 | 33.1 bp −$3,314 | 106.8 bp −$53.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2156 | +0.088% | $1K | $241K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2154 | −0.023% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0091% | 1h | 0.2153 | −0.041% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2156 | +0.104% | $578K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2153 | −0.042% | $55.6M | $151.0M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2153 | −0.046% | $43.7M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2153 | −0.065% | $13.0M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2153 | −0.056% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDTshort | +0.0100% | 8h | 0.2154 | +0.005% | $25.0M | $26.3M | 300x | |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2153 | −0.032% | $14.5M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate 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 | 0.2153 | −0.056% | $25.6M | $19.3M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2153 | −0.032% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2154 | −0.028% | $90K | $270K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2153 | −0.041% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2154 | −0.003% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2155 | +0.061% | $596K | $613K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2155 | +0.028% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2154 | −0.005% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2154 | +0.009% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2155 | +0.019% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2155 | +0.051% | $199K | $261K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2155 | +0.056% | $9.0M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2153 | −0.034% | $193K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2156 | +0.093% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2155 | +0.051% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2153 | −0.040% | $45K | — | 100x | as long as short |
| Lighter XLM | +0.0384% | 1h | 0.2155 | +0.046% | $402K | $828K | 5x | as long as short |
| Hyperliquid XLMlong | +0.0390% | 1h | 0.2154 | long leg | $12.3M | $6.1M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0414% | 1h | 0.2155 | +0.036% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2155 | +0.056% | $230K | $1.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0771% | 1h | 0.2156 | +0.088% | $535K | $159K | 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
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Lighter XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Deribit XLM_USDC-PERPETUAL