Funding you earn now, next payment 09:00 UTC+0.0529%/8h= +57.9% APRnext payment +$0.66 per $10,000 · paid last 24h +0.251%
Price spread now: Hyperliquid against Injective+0.838%53s7-day average +0.213% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.838%, 7d avg +0.213%
=Together, before fees+0.326%+ Points / potential airdropHyperliquid: Season 2 · farm board+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.624% dearer against Injective than usual: you sell high and buy low: +$62 more if the spread goes back to its 7-day average of +0.213%. The two prices were read 53 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 0.263% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.66 per $10,000. 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 | Injective XLM/USDC PERP | 0.2125 | 0.0033 | pay 0.0004% / 1h | 0m 15s | $683 | $241K | 12x |
| Short | Hyperliquid XLM | 0.2143 | 0.0562 | get 0.0070% / 1h | 0m 15s | $12.4M | $6.0M | 5x |
Injective XLM/USDC PERP
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $111.08
- Price spread: +0.838% → +0.213%
- $62.44
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $164.5
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 2 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 2 min ago | 1.40 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.2139 | +0.645% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERPlong | +0.0033% | 1h | 0.2125 | long leg | $683 | $241K | 12x | |
| Lighter XLM | +0.0096% | 1h | 0.2142 | +0.795% | $368K | $934K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2142 | +0.785% | $568K | $545K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2140 | +0.708% | $55.5M | $154.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2138 | +0.616% | $44.3M | $43.8M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2139 | +0.654% | $12.3M | $44.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2140 | +0.687% | $4.0M | $7.4M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2140 | +0.701% | $24.4M | $29.6M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2140 | +0.720% | $13.9M | $8.9M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Aster XLMUSDT
Binance 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 | 0.2139 | +0.673% | $26.0M | $22.4M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2140 | +0.682% | — | $7.1M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2140 | +0.687% | $121K | $325K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2137 | +0.570% | $256K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2141 | +0.737% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2143 | +0.853% | $591K | $548K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2140 | +0.687% | $171K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2139 | +0.659% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2139 | +0.635% | $1K | $1.5M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2139 | +0.668% | $583 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2141 | +0.762% | $197K | $187K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2140 | +0.687% | $8.8M | $8.7M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2139 | +0.659% | $191K | $685K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2141 | +0.744% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2142 | +0.776% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2142 | +0.800% | $214K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0337% | 1h | 0.2140 | +0.691% | $2.6M | $2.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0496% / S −0.0231% | 1h | 0.2139 | +0.659% | $38K | — | 100x | as long as short |
| Hyperliquid XLMshort | +0.0562% | 1h | 0.2143 | +0.838% | $12.4M | $6.0M | 5x | |
| Deribit XLM_USDC-PERPETUAL | +0.0779% | 1h | 0.2141 | +0.758% | $531K | $110K | 25x | as long as short |
| dYdX XLM-USD | +0.0838% | 1h | 0.2139 | +0.676% | $27K | $5K | 10x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
dYdX XLM-USD