Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0665%/8h= −72.8% APRpaid last 24h −0.677%

Price spread now: Hyperliquid against HTX+0.354%48s7-day average +0.288% · you sell dearer than you buy

Net, funding: paid 7d − costs−$331as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1351.354% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−1.958%−$196 on $10k

Price spread, last 3 days (all we have)+0.350%+$35 · spread now +0.354%, 7d avg +0.288%

Together, before fees−1.608%+ Points / potential airdropHyperliquid: Season 2 · farm board−$161 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.065% dearer against HTX than usual: you sell high and buy low (spread +0.354% now, against its 7-day average of +0.288%): +$7 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XMR-USDT	596.87	0.2261	pay 0.2261% / 8h	2h 17m	$1.1M	$1.4M	20x
Short	Hyperliquid XMR	598.98	0.1596	get 0.0200% / 1h	17m 25s	$87.7M	$66.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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 HTXbpFee HyperliquidbpOrdersPrice spread, now +0.354%Rate

Funding earned: −$139.55
Price spread: +0.354% → +0.288%: $6.53
Slippage, 4 orders: −$114.44
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$268.46
Costs to cover: 1.354%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Hyperliquid: live order book, 6 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 HTX live order book, 1 min ago	18.04 bp	63.4 bp −$63	326.3 bp −$3,263	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.84 bp	8.5 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 −0.0009%	1h	597.38	+0.085%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.834%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.55	+0.114%	$48.0M	$61.0M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.29	+0.071%	$1.1M	$673K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.60	−0.045%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	598.17	+0.219%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0272%	8h	595.94	−0.156%	$6.9M	$2.8M	—	as long as short
Polymarket Perps XMR-USD	+0.0291%	1h	598.16	+0.216%	$24K	$1.8M	5x	as long as short
Lighter XMR	+0.0296%	1h	597.55	+0.114%	$3.5M	$6.7M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0326%	1h	597.51	+0.107%	$204K	$576K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0352%	8h	597.68	+0.136%	$54.8M	$162.3M	75x	as long as short
MEXC XMR_USDT	+0.0354%	8h	598.14	+0.213%	$22.8M	$15.3M	100x	as long as short
BingX XMR-USDT	+0.0365%	8h	597.71	+0.141%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0383%	8h	598.29	+0.238%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0408%	8h	597.86	+0.166%	$1.6M	$4.5M	50x	as long as short
SoDEX XMR-USD	+0.0425%	1h	598.19	+0.221%	$455K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0501%	8h	597.59	+0.121%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0542%	8h	597.80	+0.156%	$676K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0590%	8h	598.09	+0.204%	$49.5M	$25.5M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0609%	1h	597.14	+0.046%	$5.7M	$20.4M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0611%	8h	597.24	+0.062%	$350K	$782K	10x	as long as short
Pacifica XMR	+0.0619%	1h	597.83	+0.160%	$273K	$1.0M	10x	as long as short
dYdX XMR-USD	+0.0692%	1h	596.37	−0.084%	$108K	$50K	5x	as long as short
Paradex XMR-USD-PERP	+0.0774%	8h	598.03	+0.195%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0865% / S −0.1487%	1h	597.24	+0.062%	$370K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0902%	8h	597.30	+0.072%	$48K	$718K	10x	as long as short
Nado XMR-PERP	+0.0958%	1h	598.14	+0.213%	$1.3M	$478K	10x	as long as short
Extended XMR-USD	+0.1248%	1h	598.04	+0.197%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMRshort	+0.1596%	1h	598.98	+0.354%	$87.7M	$66.3M	5x
HTX XMR-USDTlong	+0.2261%	8h	596.87	long leg	$1.1M	$1.4M	20x
Aftermath Perps XMRUSD	+0.2306%	1h	596.80	−0.012%	$2K	$47K	10x	as long as short