XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0983%/8h= +107.6% APRnext payment +$1.23 per $10,000 · paid last 24h −0.119%

Price spread now: Hyperliquid against Backpack+0.249%7-day average +0.037% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.836%−$84 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.249%, 7d avg +0.037%

Together, before fees−1.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$103 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Hyperliquid is 0.212% dearer against Backpack than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.037%. Mind the row above: over the last 7 days funding on this pair cost −0.836%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	597.57	0.0788	pay 0.0098% / 1h	57m 44s	$203K	$574K	20x
Short	Hyperliquid XMR	599.06	0.1770	get 0.0221% / 1h	57m 44s	$88.1M	$67.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Backpack. 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 BackpackbpFee HyperliquidbpOrdersPrice spread, now +0.249%Rate

Funding earned: $206.37
Price spread: +0.249% → +0.037%: $21.23
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $208.6
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Backpack: live order book, 26 min ago; Hyperliquid: live order book, 6 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 Backpack live order book, 26 min ago	1.68 bp	6.7 bp −$7	23.8 bp −$238	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.84 bp	doesn't fit	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 −0.0009%	1h	597.74	+0.028%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	598.05	+0.080%	$48.3M	$61.3M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.70	+0.023%	$1.1M	$674K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.20	−0.062%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.44	−0.022%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0258%	8h	597.70	+0.022%	$6.9M	$2.7M	—	as long as short
Binance XMRUSDT	+0.0334%	8h	597.96	+0.065%	$54.8M	$162.6M	75x	as long as short
MEXC XMR_USDT	+0.0338%	8h	598.17	+0.100%	$22.7M	$14.9M	100x	as long as short
BingX XMR-USDT	+0.0364%	8h	598.11	+0.090%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0381%	1h	597.15	−0.071%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	598.32	+0.125%	$271K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0388%	8h	598.15	+0.097%	$10.0M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0438%	8h	597.47	−0.017%	$1.6M	$4.5M	50x	as long as short
SoDEX XMR-USD	+0.0446%	1h	598.19	+0.104%	$455K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0485%	8h	597.30	−0.045%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0535%	8h	597.96	+0.065%	$682K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0565%	1h	598.35	+0.131%	$24K	$1.8M	5x	as long as short
KuCoin XMRUSDTM	+0.0591%	8h	597.47	−0.017%	$49.1M	$25.6M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0599%	8h	598.06	+0.082%	$348K	$782K	10x	as long as short
Lighter XMR	+0.0632%	1h	598.02	+0.075%	$3.5M	$6.7M	10x	as long as short
dYdX XMR-USD	+0.0655%	1h	597.58	+0.002%	$109K	$50K	5x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.951%	$3K	$6K	12x	as long as short
Backpack XMR_USDC_PERPlong	+0.0788%	1h	597.57	long leg	$203K	$574K	20x
GMX XMR/USD [WBTC.b-USDC]	L +0.0845% / S −0.1414%	1h	597.20	−0.061%	$356K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0856%	8h	597.75	+0.030%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0887%	8h	598.04	+0.079%	$49K	$718K	10x	as long as short
Nado XMR-PERP	+0.1451%	1h	598.04	+0.078%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1560%	1h	597.93	+0.061%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMRshort	+0.1770%	1h	599.06	+0.249%	$88.1M	$67.0M	5x
HTX XMR-USDT	+0.2206%	8h	594.35	−0.539%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2404%	1h	597.36	−0.036%	$2K	$47K	10x	as long as short