Funding you earn now, next payment 03:00 UTC+0.0233%/8h= +25.5% APRpaid last 24h +0.055%
Price spread now: Hyperliquid against OKX+0.042%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days+0.095%+$9 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now +0.042%, 7d avg +0.059%
=Together, before fees+0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.095% in total (about 5.0% 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 | OKX XLM-USDT-SWAP | 0.2134 | 0.0100 | pay 0.0100% / 8h | 5h 08m | $12.6M | $42.2M | 50x |
| Short | Hyperliquid XLM | 0.2135 | 0.0333 | get 0.0042% / 1h | 8m 18s | $12.3M | $6.2M | 5x |
OKX XLM-USDT-SWAP
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $48.9
- Price spread: +0.042% → +0.059%
- −$1.66
- Slippage, 4 orders
- −$15.29
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $12.95
- Costs to cover
- 0.343%
- Break-even
- 5.1 days
Slippage from OKX: live order book, 5 min ago; Hyperliquid: live order book, 4 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 OKX live order book, 5 min ago | 0.23 bp | 7.0 bp −$7 | 21.3 bp −$213 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.93 bp | 8.0 bp −$8 | doesn't fit | 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 | 0.2134 | +0.025% | $4K | — | 150x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2137 | +0.155% | $374K | $923K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2134 | +0.013% | $568K | $624K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2134 | +0.035% | $54.6M | $154.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2134 | +0.014% | $43.1M | $45.7M | 75x | as long as short |
| OKX XLM-USDT-SWAPlong | +0.0100% | 8h | 0.2134 | long leg | $12.6M | $42.2M | 50x | |
| Gate XLM_USDT | +0.0100% | 8h | 0.2133 | −0.009% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2134 | +0.028% | $24.1M | $27.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2135 | +0.047% | $14.1M | $9.8M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2134 | +0.023% | $25.6M | $21.1M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
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 | 0.2135 | +0.056% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2135 | +0.066% | $95K | $274K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2140 | +0.304% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2142 | +0.404% | $12K | $304K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2145 | +0.548% | $598K | $595K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2142 | +0.384% | $172K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2135 | +0.066% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2131 | −0.112% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2135 | +0.042% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2130 | −0.145% | $197K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2134 | +0.028% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2134 | +0.022% | $190K | $1.8M | 10x | as long as short |
| dYdX XLM-USD | +0.0207% | 1h | 0.2133 | −0.036% | $23K | $2K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2137 | +0.155% | $2.3M | $5.0M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2145 | +0.539% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLMshort | +0.0333% | 1h | 0.2135 | +0.042% | $12.3M | $6.2M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0461% | 1h | 0.2135 | +0.043% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2139 | +0.258% | $234K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0193% | 1h | 0.2134 | +0.013% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0593% | 1h | 0.2136 | +0.112% | $530K | $153K | 25x | as long as short |
| Injective XLM/USDC PERP | +0.1081% | 1h | 0.2125 | −0.403% | $683 | $241K | 12x | as long as short |
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
dYdX XLM-USD
BloFin XLM-USDT
Phoenix XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL
Injective XLM/USDC PERP