Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.662%

Price spread now: HTX against Hyperliquid−0.518%48s7-day average −0.294% · you buy dearer than you sell

Net, funding: paid 7d − costs+$85as 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−$1091.088% of the position

Long on Hyperliquid Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.939%+$194 on $10k

Price spread, last 3 days (all we have)−0.246%−$25 · spread now −0.518%, 7d avg −0.294%

Together, before fees+1.693%+ Points / potential airdropHyperliquid: Season 2 · farm board+$169 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.224% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.518% now, against its 7-day average of −0.294%). If the spread goes back, that is −$22 on $10k: about 2.5 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+1.939% in total) that is about 19 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	Hyperliquid XMR	602.49	0.1662	pay 0.0208% / 1h	55m 32s	$90.7M	$69.9M	5x
Short	HTX XMR-USDT	599.37	0.1957	get 0.1957% / 8h	55m 32s	$1.1M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. 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 HyperliquidbpFee HTXbpOrdersPrice spread, now −0.518%Rate

Funding earned: $61.96
Price spread: −0.518% → −0.294%: −$22.37
Slippage, 4 orders: −$87.75
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$69.17
Costs to cover: 1.088%
Break-even: 14.8 days

Slippage from Hyperliquid: live order book, 8 min ago; HTX: live order book, 3 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 Hyperliquid live order book, 8 min ago	0.50 bp	7.3 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	20.96 bp	49.5 bp −$49	291.6 bp −$2,916	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	601.16	−0.221%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	602.49	0.000%	$49.0M	$62.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	600.58	−0.317%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	601.44	−0.174%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	601.89	−0.100%	$12K	—	3x	as long as short
Lighter XMR	+0.0288%	1h	601.98	−0.085%	$3.4M	$6.9M	10x	as long as short
MEXC XMR_USDT	+0.0326%	8h	602.04	−0.075%	$22.5M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0327%	8h	602.14	−0.058%	$55.1M	$163.7M	75x	as long as short
Variational Omni XMR	+0.0347%	8h	599.64	−0.472%	$6.9M	$2.5M	—	as long as short
BingX XMR-USDT	+0.0401%	8h	602.13	−0.060%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0427%	8h	602.20	−0.048%	$10.1M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0457%	1h	601.20	−0.214%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0460%	8h	600.02	−0.410%	$2.8M	$11.6M	75x	as long as short
Gate XMR_USDT	+0.0546%	8h	601.52	−0.161%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	602.15	−0.056%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0582%	8h	601.76	−0.121%	$49.2M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0585%	8h	602.00	−0.081%	$694K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0610%	8h	601.80	−0.114%	$351K	$797K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0723%	1h	601.64	−0.141%	$205K	$575K	20x	as long as short
Polymarket Perps XMR-USD	+0.0746%	1h	602.18	−0.051%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USD	+0.0773%	1h	602.06	−0.071%	$458K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0873%	8h	601.95	−0.089%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2391%	1h	600.95	−0.255%	$547K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0958%	8h	601.74	−0.124%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1140%	1h	602.20	−0.048%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.951%	$3K	$6K	12x	as long as short
Hyperliquid XMRlong	+0.1662%	1h	602.49	long leg	$90.7M	$69.9M	5x
Extended XMR-USD	+0.1808%	1h	602.02	−0.078%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDTshort	+0.1957%	8h	599.37	−0.518%	$1.1M	$1.5M	20x
Aftermath Perps XMRUSD	+0.2328%	1h	599.96	−0.419%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2990%	1h	600.61	−0.312%	$109K	$50K	5x	as long as short