Funding you earn now, next payment 23:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.040%
Price spread now: Hyperliquid against Gate+0.111%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 7 days−0.070%−$7 · spread now +0.111%, 7d avg +0.040%
=Together, before fees−0.039%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.071% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.040%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% 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 | Gate XLM_USDT | 0.2163 | 0.0100 | pay 0.0100% / 8h | 1h 32m | $4.1M | $6.1M | 75x |
| Short | Hyperliquid XLM | 0.2165 | 0.0296 | get 0.0037% / 1h | 32m 29s | $12.3M | $6.1M | 5x |
Gate XLM_USDT
Hyperliquid XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $41.17
- Price spread: +0.111% → +0.040%
- $7.08
- Slippage, 4 orders
- −$24.65
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$0.4
- Costs to cover
- 0.486%
- Break-even
- 7.1 days
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 10 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 Gate live order book, 1 min ago | 2.08 bp | 15.3 bp −$15 | 39.4 bp −$394 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.68 bp | 8.3 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 | 0.2166 | +0.145% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0011% | 1h | 0.2164 | +0.047% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2164 | +0.045% | $589K | $804K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2162 | −0.032% | $56.3M | $150.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2160 | −0.125% | $43.8M | $43.5M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2159 | −0.157% | $13.1M | $42.1M | 50x | as long as short |
| Gate XLM_USDTlong | +0.0100% | 8h | 0.2163 | long leg | $4.1M | $6.1M | 75x | |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2164 | +0.055% | $26.0M | $26.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2163 | +0.014% | $14.5M | $10.6M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2162 | −0.046% | $25.8M | $19.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
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-USDT | +0.0100% | 8h | 0.2163 | +0.028% | — | $7.0M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2176 | +0.627% | $299K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2174 | +0.501% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2170 | +0.323% | $601K | $617K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2174 | +0.541% | $174K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2166 | +0.153% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2164 | +0.074% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2166 | +0.153% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2168 | +0.227% | $200K | $272K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2167 | +0.185% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2163 | +0.017% | $194K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2167 | +0.213% | $2.4M | $6.0M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2175 | +0.555% | $5K | $41K | 5x | as long as short |
| Backpack XLM_USDC_PERP | +0.0254% | 1h | 0.2166 | +0.134% | $102K | $261K | 20x | as long as short |
| Hyperliquid XLMshort | +0.0296% | 1h | 0.2165 | +0.111% | $12.3M | $6.1M | 5x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2166 | +0.148% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0432% | 1h | 0.2168 | +0.250% | $233K | $1.5M | 50x | as long as short |
| Injective XLM/USDC PERP | +0.0475% | 1h | 0.2041 | −5.627% | $5K | $238K | 12x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0489% | 1h | 0.2167 | +0.222% | $538K | $176K | 25x | as long as short |
| Lighter XLM | +0.0504% | 1h | 0.2167 | +0.222% | $419K | $812K | 5x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0504% | 1h | 0.2167 | +0.178% | $2.6M | $2.7M | 50x | as long as short |
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
BloFin XLM-USDT
Phoenix XLM
Backpack XLM_USDC_PERP
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Injective XLM/USDC PERP
Deribit XLM_USDC-PERPETUAL
Lighter XLM
Kraken Futures PF_XLMUSD