Funding you earn now, next payment 05:00 UTC−0.0069%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h +0.052%
Price spread now: Lighter against Hyperliquid+0.084%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.084%, 7d avg +0.024%
=Together, before fees+0.012%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.060% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.024%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.133%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XLM | 0.2142 | 0.0165 | pay 0.0021% / 1h | 28m 00s | $12.4M | $6.3M | 5x |
| Short | Lighter XLM | 0.2144 | 0.0096 | get 0.0012% / 1h | 28m 00s | $376K | $969K | 5x |
Hyperliquid XLM
Lighter XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$14.51
- Price spread: +0.084% → +0.024%
- $5.99
- Slippage, 4 orders
- −$54.68
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$72.2
- Costs to cover
- 0.637%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Lighter: live order book, 22 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, 5 min ago | 0.70 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 22 min ago | 7.44 bp | 20.5 bp −$20 | 53.8 bp −$538 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit XLM_USDC-PERPETUAL | −0.1853% | 1h | 0.2136 | −0.308% | $530K | $154K | 25x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2140 | −0.089% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.808% | $683 | $241K | 12x | as long as short |
| Lighter XLMshort | +0.0096% | 1h | 0.2144 | +0.084% | $376K | $969K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2140 | −0.124% | $569K | $622K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2140 | −0.093% | $54.9M | $157.4M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2140 | −0.107% | $43.3M | $46.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2140 | −0.098% | $12.6M | $43.3M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2141 | −0.075% | $4.1M | $6.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2140 | −0.107% | $24.7M | $27.2M | 300x | as long as short |
Deribit XLM_USDC-PERPETUAL
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2140 | −0.103% | $14.1M | $9.5M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2140 | −0.117% | $25.9M | $21.9M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2140 | −0.107% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2147 | +0.225% | $257K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2147 | +0.230% | $12K | $307K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2147 | +0.229% | $602K | $618K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2147 | +0.224% | $172K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2141 | −0.061% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2142 | +0.009% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2141 | −0.061% | $583 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2142 | −0.028% | $197K | $250K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2142 | −0.033% | $9.0M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2140 | −0.122% | $191K | $1.8M | 10x | as long as short |
| Hyperliquid XLMlong | +0.0165% | 1h | 0.2142 | long leg | $12.4M | $6.3M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0185% | 1h | 0.2142 | −0.024% | $2.6M | $2.7M | 50x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2147 | +0.243% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2143 | +0.037% | $5K | $46K | 5x | as long as short |
| dYdX XLM-USD | +0.0266% | 1h | 0.2144 | +0.102% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0464% | 1h | 0.2146 | +0.187% | $249K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0520% / S −0.0247% | 1h | 0.2140 | −0.109% | $40K | — | 100x | as long as short |
| Backpack XLM_USDC_PERP | +0.0561% | 1h | 0.2141 | −0.079% | $128K | $294K | 20x | as long as short |
KuCoin XLMUSDTM
Bitget XLMUSDT
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
Kraken Futures PF_XLMUSD
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Backpack XLM_USDC_PERP