Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.057%
Price spread now: OKX against Hyperliquid−0.108%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.108%, 7d avg −0.059%
=Together, before fees−0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.049% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XLM | 0.2138 | 0.0168 | pay 0.0021% / 1h | 20m 44s | $12.3M | $6.2M | 5x |
| Short | OKX XLM-USDT-SWAP | 0.2136 | 0.0100 | get 0.0100% / 8h | 4h 20m | $12.5M | $42.5M | 50x |
Hyperliquid XLM
OKX XLM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$14.19
- Price spread: −0.108% → −0.059%
- −$4.88
- Slippage, 4 orders
- −$15.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$54.06
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago | 0.23 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.23 bp | 8.3 bp −$8 | 20.1 bp −$201 | 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 | −0.182% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.608% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2138 | −0.019% | $369K | $967K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2135 | −0.141% | $568K | $625K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2136 | −0.116% | $54.7M | $154.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2135 | −0.140% | $43.1M | $45.6M | 75x | as long as short |
| OKX XLM-USDT-SWAPshort | +0.0100% | 8h | 0.2136 | −0.108% | $12.5M | $42.5M | 50x | |
| Gate XLM_USDT | +0.0100% | 8h | 0.2135 | −0.159% | $4.1M | $6.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2135 | −0.164% | $23.7M | $27.0M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2135 | −0.154% | $14.1M | $9.6M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Lighter XLM
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
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 | 0.2135 | −0.140% | $25.8M | $21.3M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2135 | −0.154% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2136 | −0.108% | $128K | $291K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2134 | −0.182% | $255K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2136 | −0.079% | $12K | $305K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2136 | −0.085% | $591K | $600K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2141 | +0.145% | $172K | $258K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2135 | −0.140% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2133 | −0.239% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2136 | −0.108% | $582 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2133 | −0.229% | $197K | $252K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2136 | −0.112% | $9.0M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2134 | −0.169% | $190K | $1.8M | 10x | as long as short |
| Hyperliquid XLMlong | +0.0168% | 1h | 0.2138 | long leg | $12.3M | $6.2M | 5x | |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2135 | −0.122% | $2.3M | $5.1M | 75x | as long as short |
| Phoenix XLM | +0.0225% | 1h | 0.2137 | −0.056% | $5K | $46K | 5x | as long as short |
| dYdX XLM-USD | +0.0232% | 1h | 0.2135 | −0.159% | $23K | $2K | 10x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0264% | 1h | 0.2136 | −0.107% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0480% | 1h | 0.2138 | −0.019% | $237K | $1.5M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0519% / S −0.0247% | 1h | 0.2134 | −0.192% | $40K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0921% | 1h | 0.2137 | −0.056% | $530K | $153K | 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
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL