Funding you earn now, next payment 10:00 UTC−0.0324%/8h= −35.4% APRpaid last 24h −0.075%
Price spread now: Variational Omni against Hyperliquid−0.124%7-day average −0.110% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.124%, 7d avg −0.110%
=Together, before fees−0.143%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.079% in total (about -7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XLM | 0.2126 | 0.0424 | pay 0.0053% / 1h | 20m 19s | $12.3M | $5.6M | 5x |
| Short | Variational Omni XLM | 0.2123 | 0.0100 | get 0.0100% / 8h | 6h 20m | $255K | $1.2M | — |
Hyperliquid XLM
Variational Omni XLMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational 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
- −$67.95
- Price spread: −0.124% → −0.110%
- −$1.38
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$78.33
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
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 | 0.94 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 9.43 bp | doesn't fit | 14.1 bp −$141 | doesn't fit | doesn't fit |
XLM on 31 exchanges
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 | 0.2124 | −0.062% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.033% | $683 | $241K | 12x | as long as short |
| Lighter XLM | +0.0096% | 1h | 0.2125 | −0.009% | $372K | $861K | 5x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2124 | −0.080% | $563K | $492K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2123 | −0.123% | $54.9M | $149.9M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2122 | −0.174% | $44.0M | $42.7M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2122 | −0.165% | $12.3M | $43.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2123 | −0.127% | $4.0M | $7.0M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2123 | −0.132% | $24.3M | $28.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2123 | −0.113% | $13.8M | $8.8M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2123 | −0.132% | $25.9M | $22.2M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2124 | −0.099% | — | $6.7M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2125 | −0.009% | $120K | $317K | 20x | as long as short |
| Variational Omni XLMshort | +0.0100% | 8h | 0.2123 | −0.124% | $255K | $1.2M | — | |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2127 | +0.040% | $12K | $309K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2124 | −0.069% | $586K | $530K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2127 | +0.047% | $170K | $252K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2123 | −0.127% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2124 | −0.075% | $2K | $1.4M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2123 | −0.127% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2124 | −0.066% | $189K | $206K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2123 | −0.118% | $8.7M | $8.7M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2123 | −0.139% | $190K | $627K | 10x | as long as short |
| Phoenix XLM | +0.0150% | 1h | 0.2125 | −0.028% | $4K | $47K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2126 | +0.005% | $2.3M | $5.3M | 75x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0328% | 1h | 0.2127 | +0.080% | $212K | $1.4M | 50x | as long as short |
| Hyperliquid XLMlong | +0.0424% | 1h | 0.2126 | long leg | $12.3M | $5.6M | 5x | |
| Kraken Futures PF_XLMUSD | +0.0485% | 1h | 0.2123 | −0.138% | $2.6M | $2.4M | 50x | as long as short |
| dYdX XLM-USD | +0.0521% | 1h | 0.2123 | −0.149% | $27K | $5K | 10x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0550% / S −0.0272% | 1h | 0.2122 | −0.174% | $42K | — | 100x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0692% | 1h | 0.2124 | −0.071% | $526K | $101K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDC
Backpack XLM_USDC_PERP
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
Phoenix XLM
BloFin XLM-USDT
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
dYdX XLM-USD
GMX XLM/USD [WBTC.b-USDC]
Deribit XLM_USDC-PERPETUAL