Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0626%/8h= +68.5% APRpaid last 24h +0.086%

Price spread now: Hyperliquid against Gate+0.063%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.063%, 7d avg +0.031%

Together, before fees−0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Hyperliquid is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% 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	Gate XMR_USDT	571.89	0.0568	pay 0.0568% / 8h	3h 09m	$1.5M	$4.5M	50x
Short	Hyperliquid XMR	572.25	0.1194	get 0.0149% / 1h	9m 15s	$86.3M	$71.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.063%Rate

Funding earned: $131.36
Price spread: +0.063% → +0.031%: $3.17
Slippage, 4 orders: −$39.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $70.88
Costs to cover: 0.636%
Break-even: 3.2 days

Slippage from Gate: live order book, 4 min ago; Hyperliquid: live order book, 4 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 Gate live order book, 4 min ago	6.69 bp	18.2 bp −$18	68.6 bp −$686	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.95 bp	8.0 bp −$8	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 −0.0003%	1h	571.34	−0.097%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.864%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.00	+0.719%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.05	+0.028%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.00	−0.156%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	572.74	+0.149%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.38	−0.090%	$5.4M	$19.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0288%	8h	572.43	+0.094%	$44.8M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0489%	8h	573.42	+0.268%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0520%	8h	572.69	+0.140%	$9.4M	$13.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0567%	8h	572.25	+0.063%	$52.2M	$163.0M	75x	as long as short
Gate XMR_USDTlong	+0.0568%	8h	571.89	long leg	$1.5M	$4.5M	50x
MEXC XMR_USDT	+0.0569%	8h	572.62	+0.128%	$19.8M	$14.7M	100x	as long as short
Lighter XMR	+0.0608%	1h	572.34	+0.079%	$3.1M	$7.6M	10x	as long as short
BingX XMR-USDT	+0.0613%	8h	572.98	+0.191%	—	$5.6M	—	as long as short
Bybit XMRUSDT	+0.0636%	8h	572.02	+0.023%	$46.5M	$64.3M	75x	as long as short
Extended XMR-USD	+0.0672%	1h	572.36	+0.083%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.99	+0.193%	$265K	$1.0M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0690%	1h	572.63	+0.129%	$169K	$532K	20x	as long as short
Polymarket Perps XMR-USD	+0.0707%	1h	572.36	+0.082%	$28K	$2.2M	5x	as long as short
Aster XMRUSDT	+0.0721%	8h	572.38	+0.086%	$639K	$2.3M	75x	as long as short
dYdX XMR-USD	+0.0843%	1h	571.90	+0.001%	$104K	$44K	5x	as long as short
BloFin XMR-USDT	+0.0933%	8h	572.69	+0.140%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0980%	8h	575.70	+0.666%	$341K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1256%	1h	571.27	−0.109%	$589K	—	100x	as long as short
Nado XMR-PERP	+0.1114%	1h	572.63	+0.130%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1142%	8h	574.39	+0.437%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1149%	8h	572.40	+0.089%	$40K	$735K	10x	as long as short
Hyperliquid XMRshort	+0.1194%	1h	572.25	+0.063%	$86.3M	$71.2M	5x
SoDEX XMR-USD	+0.1351%	1h	572.51	+0.108%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1869%	1h	573.03	+0.200%	$2K	$43K	10x	as long as short