Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h +0.136%

Price spread now: Hyperliquid against MEXC+0.010%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.241%+$24 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.010%, 7d avg −0.043%

Together, before fees+0.214%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.054% dearer against MEXC than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.043%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 18 hours. Mind the row above: over the last 7 days funding on this pair paid +0.241%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XMR_USDT	579.13	0.0579	pay 0.0579% / 8h	53m 03s	$20.3M	$11.0M	100x
Short	Hyperliquid XMR	579.19	0.0336	get 0.0042% / 1h	53m 03s	$87.8M	$62.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$51
Price spread: +0.010% → −0.043%: $5.36
Slippage, 4 orders: −$24.4
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$83.05
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Hyperliquid: live order book, 11 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 MEXC live order book, 1 min ago	0.09 bp	10.3 bp −$10	32.2 bp −$322	79.8 bp −$7,983	225.1 bp −$112.6K
Sell Hyperliquid live order book, 11 min ago	0.87 bp	7.9 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 −0.0004%	1h	578.54	−0.102%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.591%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.80	−0.402%	$1.0M	$541K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	578.85	−0.048%	$26K	$1.8M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	578.37	−0.131%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	578.26	−0.150%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	578.74	−0.067%	$3.0M	$8.0M	25x	as long as short
Aevo XMR-PERP	+0.0224%	1h	578.73	−0.070%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0289%	8h	578.81	−0.055%	$45.7M	$20.3M	50x	as long as short
Hyperliquid XMRshort	+0.0336%	1h	579.19	+0.010%	$87.8M	$62.6M	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0368%	1h	578.88	−0.043%	$3.1M	$5.8M	10x	as long as short
Bybit XMRUSDT	+0.0529%	8h	578.53	−0.104%	$46.8M	$55.0M	75x	as long as short
Bitget XMRUSDT	+0.0554%	8h	579.28	+0.026%	$9.6M	$11.1M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0561%	1h	578.92	−0.036%	$176K	$477K	20x	as long as short
BingX XMR-USDT	+0.0562%	8h	579.10	−0.005%	—	$5.4M	—	as long as short
Binance XMRUSDT	+0.0579%	8h	578.88	−0.043%	$52.6M	$120.5M	75x	as long as short
MEXC XMR_USDTlong	+0.0579%	8h	579.13	long leg	$20.3M	$11.0M	100x
Gate XMR_USDT	+0.0605%	8h	578.67	−0.079%	$1.5M	$2.8M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0612%	1h	577.98	−0.199%	$5.5M	$12.2M	50x	as long as short
Paradex XMR-USD-PERP	+0.0625%	8h	579.11	−0.003%	$8K	$3K	20x	as long as short
SoDEX XMR-USD	+0.0684%	1h	579.06	−0.012%	$440K	$3K	5x	as long as short
Pacifica XMR	+0.0735%	1h	578.81	−0.055%	$274K	$846K	10x	as long as short
Aster XMRUSDT	+0.0736%	8h	578.90	−0.040%	$647K	$1.8M	75x	as long as short
dYdX XMR-USD	+0.0752%	1h	577.45	−0.290%	$105K	$29K	5x	as long as short
BloFin XMR-USDT	+0.0921%	8h	579.08	−0.009%	$2.7M	$10.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0928%	8h	579.22	+0.015%	$336K	$652K	10x	as long as short
Variational Omni XMR	+0.0982%	8h	576.74	−0.413%	$6.2M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1169%	8h	579.32	+0.033%	$41K	$517K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1172% / S −0.1547%	1h	578.31	−0.141%	$602K	—	100x	as long as short
Nado XMR-PERP	+0.1282%	1h	579.15	+0.004%	$1.3M	$435K	10x	as long as short
Aftermath Perps XMRUSD	+0.1782%	1h	577.90	−0.213%	$1K	$41K	10x	as long as short