XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1364%/8h= +149.4% APRnext payment +$1.71 per $10,000 · paid last 24h +0.011%

Price spread now: Hyperliquid against Lighter+0.006%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days+0.057%+$6 · spread now +0.006%, 7d avg −0.003%

Together, before fees−0.017%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$41 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.074%, 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 -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.71 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	Lighter XMR	594.24	0.0168	pay 0.0021% / 1h	39m 30s	$3.5M	$6.7M	10x
Short	Hyperliquid XMR	594.27	0.1532	get 0.0192% / 1h	39m 30s	$86.5M	$65.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. 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 LighterbpFee HyperliquidbpOrdersPrice spread, now +0.006%Rate

Funding earned: $286.48
Price spread: +0.006% → −0.003%: $0.91
Slippage, 4 orders: −$22.89
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $255.5
Costs to cover: 0.319%
Break-even: 0.8 days

Slippage from Lighter: 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 Lighter live order book, 4 min ago	3.88 bp	6.6 bp −$7	15.6 bp −$156	131.7 bp −$13.2K	doesn't fit
Sell Hyperliquid live order book, 4 min ago	2.10 bp	7.1 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 −0.0009%	1h	592.44	−0.302%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.395%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	592.71	−0.257%	$47.4M	$60.7M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	593.91	−0.055%	$202K	$563K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	593.35	−0.149%	$1.1M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	593.06	−0.198%	$2K	$1.9M	20x	as long as short
Polymarket Perps XMR-USD	+0.0148%	1h	593.11	−0.189%	$24K	$1.8M	5x	as long as short
dYdX XMR-USD	+0.0168%	1h	592.66	−0.265%	$108K	$50K	5x	as long as short
Lighter XMRlong	+0.0168%	1h	594.24	long leg	$3.5M	$6.7M	10x
Aevo XMR-PERP	+0.0176%	1h	594.28	+0.007%	$12K	—	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XMR-USD	+0.0176%	1h	594.31	+0.013%	$452K	$4K	5x	as long as short
Variational Omni XMR	+0.0300%	8h	593.60	−0.106%	$6.9M	$2.8M	—	as long as short
Gate XMR_USDT	+0.0360%	8h	592.53	−0.287%	$1.6M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0369%	8h	593.00	−0.208%	$22.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0369%	8h	593.04	−0.201%	$54.3M	$161.7M	75x	as long as short
BingX XMR-USDT	+0.0376%	8h	592.72	−0.255%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0392%	8h	593.06	−0.198%	$9.9M	$14.0M	50x	as long as short
BloFin XMR-USDT	+0.0521%	8h	593.54	−0.117%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0554%	8h	594.47	+0.040%	$670K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0613%	1h	593.68	−0.094%	$5.6M	$20.3M	50x	as long as short
Pacifica XMR	+0.0619%	1h	593.79	−0.075%	$268K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0624%	8h	593.34	−0.150%	$346K	$796K	10x	as long as short
KuCoin XMRUSDTM	+0.0626%	8h	592.75	−0.250%	$49.3M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0732%	8h	593.59	−0.108%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0806%	1h	593.17	−0.178%	$1.3M	$477K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0841% / S −0.1411%	1h	593.03	−0.203%	$353K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0868%	8h	594.13	−0.018%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1056%	1h	592.71	−0.257%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMRshort	+0.1532%	1h	594.27	+0.006%	$86.5M	$65.3M	5x
Aftermath Perps XMRUSD	+0.2300%	1h	593.21	−0.172%	$2K	$47K	10x	as long as short
HTX XMR-USDT	+0.2395%	8h	591.05	−0.536%	$1.1M	$1.4M	20x	as long as short