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Funding arb · Price arb /

XMR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0743%/8h= +81.4% APRnext payment +$0.93 per $10,000 · paid last 24h +0.084%
Price spread now: Hyperliquid against Polymarket Perps+0.064%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$380.381% of the position
Long on Polymarket PerpsShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days−0.171%−$17 on $10k
Price spread, last 7 days−0.114%−$11 · spread now +0.064%, 7d avg −0.024%
Together, before fees−0.286%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Hyperliquid is 0.088% dearer against Polymarket Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.171%, 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 -0.171% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps XMR-USD586.980.0360pay 0.0045% / 1h18m 03s$23K$2.1M5x
ShortHyperliquid XMR587.360.1103get 0.0138% / 1h18m 03s$88.4M$71.2M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Polymarket Perps. 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

Funding earned
$156.1
Price spread: +0.064% → −0.024%
$8.81
Slippage, 4 orders
−$21.08
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$126.83
Costs to cover
0.381%
Break-even
1.3 days
Slippage from Polymarket Perps: live order book, 6 min ago; Hyperliquid: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 6 min ago3.14 bp7.1 bp −$77.2 bp −$72doesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago1.27 bp11.3 bp −$11doesn't fitdoesn't fitdoesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0010%1h586.23−0.128%$47K—150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55−0.755%$3K$6K12xas long as short
edgeX XMRUSDC+0.0100%4h588.94+0.334%$1.1M$657K10xas long as short
SunX XMR-USDT+0.0100%8h586.41−0.097%$2K$1.9M20xas long as short
HTX XMR-USDT+0.0100%8h586.95−0.005%$1.1M$1.6M20xas long as short
Aevo XMR-PERP+0.0208%1h587.20+0.037%$12K—3xas long as short
dYdX XMR-USD+0.0294%1h586.61−0.063%$106K$50K5xas long as short
Polymarket Perps XMR-USDlong+0.0360%1h586.98long leg$23K$2.1M5x
Binance XMRUSDT+0.0519%8h587.36+0.065%$53.4M$166.0M75xas long as short
Lighter XMR+0.0520%1h587.22+0.041%$3.3M$7.2M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XMR_USDT+0.0522%8h587.50+0.089%$20.9M$15.2M100xas long as short
Bybit XMRUSDT+0.0546%8h587.30+0.055%$47.7M$64.1M75xas long as short
Gate XMR_USDT+0.0571%8h586.78−0.034%$1.6M$4.5M50xas long as short
BingX XMR-USDT+0.0582%8h587.19+0.036%—$5.6M—as long as short
Bitget XMRUSDT+0.0609%8h587.35+0.063%$9.6M$14.1M50xas long as short
Aster XMRUSDT+0.0729%8h587.10+0.020%$662K$2.4M75xas long as short
KuCoin XMRUSDTM+0.0741%8h587.34+0.061%$48.2M$26.0M50xas long as short
Backpack XMR_USDC_PERP+0.0753%1h586.64−0.058%$172K$537K20xas long as short
BloFin XMR-USDT+0.0800%8h587.74+0.129%$2.7M$11.5M75xas long as short
Paradex XMR-USD-PERP+0.0941%8h587.38+0.068%$8K$4K20xas long as short
Kraken Futures PF_XMRUSD+0.0952%1h585.72−0.215%$5.5M$19.6M50xas long as short
Nado XMR-PERP+0.0983%1h587.50+0.089%$1.3M$463K10xas long as short
GRVT XMR_USDT_Perp+0.0993%8h589.21+0.381%$349K$766K10xas long as short
Pacifica XMR+0.0996%1h587.66+0.115%$273K$1.1M10xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1043% / S −0.1407%1h586.25−0.124%$654K—100xas long as short
Variational Omni XMR+0.1080%8h588.99+0.342%$6.7M$2.4M—as long as short
Hyperliquid XMRshort+0.1103%1h587.36+0.064%$88.4M$71.2M5x
Orderly PERP_XMR_USDC+0.1112%8h587.09+0.019%$41K$721K10xas long as short
SoDEX XMR-USD+0.1188%1h587.23+0.043%$446K$3K5xas long as short
Extended XMR-USD+0.1200%1h587.21+0.038%$3.2M$8.0M25xas long as short
Aftermath Perps XMRUSD+0.2517%1h587.20+0.038%$1K$45K10xas long as short