XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0353%/8h= −38.7% APRnext payment −$0.44 per $10,000 · paid last 24h +0.051%

Price spread now: Hyperliquid against Kraken Futures+0.129%7-day average +0.150% · you sell dearer than you buy

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

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.129%, 7d avg +0.150%

Together, before fees−0.047%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Hyperliquid is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.150%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 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	Kraken Futures PF_XMRUSD	576.48	0.0614	pay 0.0077% / 1h	47m 06s	$5.4M	$12.2M	50x
Short	Hyperliquid XMR	577.22	0.0261	get 0.0033% / 1h	47m 06s	$87.5M	$62.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Kraken Futures. 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$74.14
Price spread: +0.129% → +0.150%: −$2.18
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$95.32
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; Hyperliquid: live order book, 7 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 Kraken Futures live order book, 2 min ago	7.62 bp	12.7 bp −$13	24.4 bp −$244	111.0 bp −$11.1K	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.17 bp	7.2 bp −$7	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 −0.0004%	1h	576.46	−0.003%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.053%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	578.85	+0.411%	$1.0M	$542K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	577.18	+0.122%	$27K	$1.8M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.86	+0.066%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	577.58	+0.191%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	577.23	+0.131%	$3.0M	$8.0M	25x	as long as short
Aevo XMR-PERP	+0.0224%	1h	577.63	+0.200%	$12K	—	3x	as long as short
Hyperliquid XMRshort	+0.0261%	1h	577.22	+0.129%	$87.5M	$62.7M	5x
Lighter XMR	+0.0272%	1h	577.32	+0.146%	$3.1M	$5.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0284%	8h	576.92	+0.076%	$45.6M	$20.3M	50x	as long as short
SoDEX XMR-USD	+0.0472%	1h	577.51	+0.179%	$439K	$3K	5x	as long as short
Bybit XMRUSDT	+0.0506%	8h	576.91	+0.075%	$46.7M	$54.7M	75x	as long as short
Bitget XMRUSDT	+0.0547%	8h	577.68	+0.208%	$9.6M	$11.1M	50x	as long as short
BingX XMR-USDT	+0.0549%	8h	577.07	+0.103%	—	$5.4M	—	as long as short
Binance XMRUSDT	+0.0561%	8h	577.18	+0.122%	$52.5M	$120.0M	75x	as long as short
MEXC XMR_USDT	+0.0565%	8h	577.51	+0.179%	$20.2M	$11.1M	100x	as long as short
Gate XMR_USDT	+0.0582%	8h	577.06	+0.101%	$1.5M	$2.8M	50x	as long as short
Paradex XMR-USD-PERP	+0.0586%	8h	577.43	+0.165%	$8K	$3K	20x	as long as short
dYdX XMR-USD	+0.0604%	1h	576.68	+0.035%	$104K	$29K	5x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0614%	1h	576.48	long leg	$5.4M	$12.2M	50x
Backpack XMR_USDC_PERP	+0.0656%	1h	576.96	+0.083%	$175K	$476K	20x	as long as short
Aster XMRUSDT	+0.0717%	8h	577.17	+0.120%	$645K	$1.8M	75x	as long as short
Pacifica XMR	+0.0735%	1h	577.39	+0.157%	$271K	$836K	10x	as long as short
BloFin XMR-USDT	+0.0893%	8h	577.47	+0.172%	$2.7M	$10.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0913%	8h	578.58	+0.364%	$344K	$652K	10x	as long as short
Variational Omni XMR	+0.0960%	8h	578.35	+0.324%	$6.3M	$2.3M	—	as long as short
Nado XMR-PERP	+0.1155%	1h	577.42	+0.164%	$1.3M	$434K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1167%	8h	577.32	+0.146%	$41K	$517K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1171% / S −0.1547%	1h	576.59	+0.020%	$600K	—	100x	as long as short
Aftermath Perps XMRUSD	+0.1760%	1h	577.35	+0.151%	$1K	$40K	10x	as long as short