Funding you earn now, next payment 09:00 UTC−0.0377%/8h= −41.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.070%
Price spread now: ApeX Omni against Hyperliquid+0.132%7-day average −0.058% · 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−$27as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.397%−$40 · spread now +0.132%, 7d avg −0.058%
=Together, before fees−0.401%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.191% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.058%): +$19 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.004% in total) that is about 10 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 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 | Hyperliquid XLM | 0.2113 | 0.0477 | pay 0.0060% / 1h | 32m 55s | $12.1M | $6.3M | 5x |
| Short | ApeX Omni XLMUSDT | 0.2116 | 0.0100 | get 0.0013% / 1h | 32m 55s | $170K | $265K | 50x |
Hyperliquid XLM
ApeX Omni XLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$79.22
- Price spread: +0.132% → −0.058%
- $19.06
- Slippage, 4 orders
- −$26.76
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$105.91
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; ApeX Omni: live order book, 64 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, 10 min ago | 1.18 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 64 min ago | 6.39 bp | 14.1 bp −$14 | 114.2 bp −$1,142 | 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 | 0.2111 | −0.129% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | +0.549% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2113 | −0.024% | $364K | $918K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2112 | −0.075% | $560K | $583K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2111 | −0.124% | $54.9M | $160.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2109 | −0.199% | $43.5M | $46.4M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2111 | −0.123% | $12.2M | $44.8M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2111 | −0.128% | $3.9M | $7.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2111 | −0.095% | $24.4M | $29.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2111 | −0.118% | $13.9M | $9.0M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
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 | 0.2111 | −0.114% | $25.5M | $22.9M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2110 | −0.161% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2111 | −0.114% | $129K | $344K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2113 | −0.012% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2114 | +0.012% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2113 | 0.000% | $589K | $551K | 10x | as long as short |
| ApeX Omni XLMUSDTshort | +0.0100% | 1h | 0.2116 | +0.132% | $170K | $265K | 50x | |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2109 | −0.208% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2107 | −0.284% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2110 | −0.175% | $575 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2109 | −0.199% | $194K | $213K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2110 | −0.161% | $8.6M | $8.8M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2110 | −0.147% | $188K | $897K | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2111 | −0.132% | $2.3M | $5.4M | 75x | as long as short |
| Phoenix XLM | +0.0226% | 1h | 0.2117 | +0.156% | $4K | $56K | 5x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2110 | −0.147% | $211K | $1.6M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0342% | 1h | 0.2109 | −0.189% | $2.5M | $2.6M | 50x | as long as short |
| Hyperliquid XLMlong | +0.0477% | 1h | 0.2113 | long leg | $12.1M | $6.3M | 5x | |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0515% / S −0.0247% | 1h | 0.2108 | −0.265% | $39K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0746% | 1h | 0.2110 | −0.147% | $523K | $148K | 25x | as long as short |
| dYdX XLM-USD | +0.1110% | 1h | 0.2107 | −0.316% | $23K | $2K | 10x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
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