Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0563%/8h= +61.7% APRpaid last 24h +0.100%

Price spread now: Hyperliquid against Aster+0.026%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.150%+$15 on $10k

Price spread, last 7 days+0.005%$0 · spread now +0.026%, 7d avg +0.016%

Together, before fees+0.155%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.150% in total (about 9.9% 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	Aster XMRUSDT	573.65	0.0689	pay 0.0689% / 8h	3h 34m	$636K	$2.3M	75x
Short	Hyperliquid XMR	573.80	0.1253	get 0.0157% / 1h	34m 25s	$86.4M	$71.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee HyperliquidbpOrdersPrice spread, now +0.026%Rate

Funding earned: $118.32
Price spread: +0.026% → +0.016%: $1.04
Slippage, 4 orders: −$16.41
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $85.95
Costs to cover: 0.334%
Break-even: 1.9 days

Slippage from Aster: live order book, 4 min ago; Hyperliquid: live order book, 9 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 Aster live order book, 4 min ago	2.71 bp	9.6 bp −$10	30.1 bp −$301	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.87 bp	5.4 bp −$5	doesn't fit	doesn't fit	doesn't fit

XMR 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) XMR/USD	L +0.0010% / S −0.0008%	1h	572.54	−0.193%	$50K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.551%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.38	−0.047%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.44	−0.037%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.51	−0.024%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.60	−0.010%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	572.78	−0.152%	$5.4M	$19.4M	50x	as long as short
KuCoin XMRUSDTM	+0.0343%	8h	573.44	−0.037%	$44.9M	$26.3M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0435%	1h	573.70	+0.009%	$169K	$532K	20x	as long as short
Gate XMR_USDT	+0.0474%	8h	573.48	−0.030%	$1.6M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0512%	1h	574.30	+0.113%	$3.1M	$7.5M	10x	as long as short
Bitget XMRUSDT	+0.0521%	8h	573.54	−0.019%	$9.4M	$13.5M	50x	as long as short
BingX XMR-USDT	+0.0535%	8h	573.79	+0.024%	—	$5.6M	—	as long as short
MEXC XMR_USDT	+0.0543%	8h	574.10	+0.078%	$19.9M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0544%	8h	573.76	+0.019%	$52.4M	$163.6M	75x	as long as short
Bybit XMRUSDT	+0.0590%	8h	573.76	+0.019%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0664%	1h	573.12	−0.092%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	574.48	+0.145%	$265K	$1.0M	10x	as long as short
Aster XMRUSDTlong	+0.0689%	8h	573.65	long leg	$636K	$2.3M	75x
Polymarket Perps XMR-USD	+0.0765%	1h	573.75	+0.017%	$27K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0888%	8h	574.28	+0.110%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0927%	8h	573.70	+0.009%	$337K	$726K	10x	as long as short
dYdX XMR-USD	+0.0943%	1h	572.89	−0.132%	$104K	$44K	5x	as long as short
Paradex XMR-USD-PERP	+0.0979%	8h	574.43	+0.137%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1254%	1h	572.36	−0.224%	$590K	—	100x	as long as short
Nado XMR-PERP	+0.1089%	1h	574.15	+0.088%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1103%	8h	573.42	−0.039%	$6.3M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1126%	8h	573.14	−0.089%	$40K	$735K	10x	as long as short
Hyperliquid XMRshort	+0.1253%	1h	573.80	+0.026%	$86.4M	$71.3M	5x
SoDEX XMR-USD	+0.1392%	1h	574.09	+0.077%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1929%	1h	573.55	−0.017%	$1K	$44K	10x	as long as short