XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0964%/8h= −105.6% APRnext payment −$1.21 per $10,000 · paid last 24h +0.043%

Price spread now: SoDEX against Hyperliquid−0.133%7-day average +0.020% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Hyperliquid Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.242%+$24 on $10k

Price spread, last 3 days (all we have)+0.257%+$26 · spread now −0.133%, 7d avg +0.020%

Together, before fees+0.499%+ Points / potential airdropHyperliquid: Season 2 · farm board+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and SoDEX is 0.153% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.242%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.242% in total (about 28.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.21 per $10,000. 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	Hyperliquid XMR	598.30	0.1838	pay 0.0230% / 1h	43m 18s	$88.6M	$67.4M	5x
Short	SoDEX XMR-USD	597.51	0.0874	get 0.0109% / 1h	43m 18s	$454K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$202.51
Price spread: −0.133% → +0.020%: −$15.29
Slippage, 4 orders: −$25.92
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$260.73
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; SoDEX: live order book, 40 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, 10 min ago	1.60 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 40 min ago	1.34 bp	14.3 bp −$14	46.5 bp −$465	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	596.74	−0.261%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.89	−0.069%	$48.4M	$61.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.23	−0.346%	$1.1M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.33	−0.330%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.03	−0.213%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0246%	8h	597.79	−0.086%	$6.9M	$2.7M	—	as long as short
Binance XMRUSDT	+0.0327%	8h	597.71	−0.099%	$54.9M	$162.8M	75x	as long as short
MEXC XMR_USDT	+0.0329%	8h	597.60	−0.118%	$22.4M	$15.0M	100x	as long as short
BingX XMR-USDT	+0.0375%	8h	597.44	−0.144%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	596.71	−0.266%	$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	596.94	−0.229%	$271K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0395%	8h	597.94	−0.061%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0469%	8h	597.73	−0.096%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0482%	8h	596.40	−0.318%	$1.6M	$4.5M	50x	as long as short
Aster XMRUSDT	+0.0526%	8h	596.66	−0.274%	$671K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0557%	8h	597.06	−0.208%	$48.8M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0593%	8h	595.66	−0.442%	$354K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−1.072%	$3K	$6K	12x	as long as short
Polymarket Perps XMR-USD	+0.0744%	1h	597.78	−0.088%	$23K	$1.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0823% / S −0.1341%	1h	596.43	−0.312%	$341K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0865%	8h	596.57	−0.289%	$8K	$4K	20x	as long as short
Lighter XMR	+0.0872%	1h	597.41	−0.149%	$3.5M	$6.7M	10x	as long as short
SoDEX XMR-USDshort	+0.0874%	1h	597.51	−0.133%	$454K	$3K	5x
Orderly PERP_XMR_USDC	+0.0910%	8h	597.04	−0.211%	$48K	$720K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0943%	1h	594.65	−0.611%	$202K	$575K	20x	as long as short
dYdX XMR-USD	+0.1371%	1h	595.26	−0.508%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1577%	1h	597.36	−0.157%	$1.3M	$480K	10x	as long as short
Extended XMR-USD	+0.1760%	1h	597.54	−0.127%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMRlong	+0.1838%	1h	598.30	long leg	$88.6M	$67.4M	5x
HTX XMR-USDT	+0.2120%	8h	594.96	−0.559%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2451%	1h	596.62	−0.282%	$2K	$47K	10x	as long as short