Funding you earn now, next payment 02:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.052%
Price spread now: Hyperliquid against Bybit+0.146%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now +0.146%, 7d avg +0.071%
=Together, before fees−0.018%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.074% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XLMUSDT | 0.2128 | 0.0100 | pay 0.0100% / 8h | 6h 21m | $42.8M | $46.2M | 75x |
| Short | Hyperliquid XLM | 0.2131 | 0.0267 | get 0.0033% / 1h | 21m 05s | $12.3M | $6.3M | 5x |
Bybit XLMUSDT
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $35.05
- Price spread: +0.146% → +0.071%
- $7.42
- Slippage, 4 orders
- −$17.58
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $4.89
- Costs to cover
- 0.376%
- Break-even
- 6.0 days
Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 11 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 Bybit live order book, 3 min ago | 2.35 bp | 12.5 bp −$12 | 16.6 bp −$166 | 55.6 bp −$5,556 | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.18 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
XLM on 30 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 | 0.2129 | +0.044% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.122% | $683 | $241K | 12x | as long as short |
| dYdX XLM-USD | +0.0095% | 1h | 0.2129 | +0.083% | $23K | $2K | 10x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2131 | +0.150% | $360K | $906K | 5x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2129 | +0.079% | $54.0M | $155.0M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2128 | long leg | $42.8M | $46.2M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2128 | +0.009% | $12.7M | $41.9M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2129 | +0.071% | $4.1M | $6.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2129 | +0.080% | $23.9M | $27.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2129 | +0.085% | $14.1M | $10.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
dYdX XLM-USD
Lighter XLM
Binance XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2128 | +0.038% | $25.4M | $20.7M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2129 | +0.047% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2129 | +0.042% | $89K | $262K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2128 | +0.024% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2132 | +0.194% | $12K | $303K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2134 | +0.315% | $597K | $611K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2132 | +0.188% | $171K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2129 | +0.066% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2128 | +0.005% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2129 | +0.075% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2131 | +0.179% | $197K | $262K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2130 | +0.089% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2129 | +0.059% | $192K | $1.8M | 10x | as long as short |
| Aster XLMUSDT | +0.0130% | 8h | 0.2130 | +0.108% | $570K | $622K | 75x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2135 | +0.334% | $5K | $46K | 5x | as long as short |
| Hyperliquid XLMshort | +0.0267% | 1h | 0.2131 | +0.146% | $12.3M | $6.3M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0380% | 1h | 0.2129 | +0.085% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0440% | 1h | 0.2132 | +0.188% | $232K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0517% / S −0.0193% | 1h | 0.2128 | +0.022% | $44K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0878% | 1h | 0.2131 | +0.141% | $529K | $149K | 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
Aster XLMUSDT
Phoenix XLM
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL