XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0878%/8h= +96.1% APRnext payment +$1.10 per $10,000 · paid last 24h −0.035%

Price spread now: Hyperliquid against Backpack−0.015%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Backpack Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.769%−$77 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now −0.015%, 7d avg +0.046%

Together, before fees−0.892%+ Points / potential airdropHyperliquid: Season 2 · farm board−$89 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.061% cheaper against Backpack than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.046%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$26 a day). Mind the row above: over the last 7 days funding on this pair cost −0.769%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	590.55	0.0922	pay 0.0115% / 1h	27m 47s	$185K	$534K	20x
Short	Hyperliquid XMR	590.46	0.1799	get 0.0225% / 1h	27m 47s	$89.4M	$73.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Backpack. 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 BackpackbpFee HyperliquidbpOrdersPrice spread, now −0.015%Rate

Funding earned: $184.29
Price spread: −0.015% → +0.046%: −$6.12
Slippage, 4 orders: −$10.73
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $148.44
Costs to cover: 0.297%
Break-even: 1.4 days

Slippage from Backpack: live order book, 41 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 41 min ago	0.94 bp	6.9 bp −$7	28.8 bp −$288	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.94 bp	5.4 bp −$5	doesn't fit	doesn't fit	doesn't fit

XMR on 30 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 −0.0010%	1h	589.31	−0.210%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.052%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.74	−0.814%	$1.0M	$670K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	590.00	−0.093%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	588.00	−0.432%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	590.30	−0.043%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0493%	8h	590.49	−0.010%	$21.1M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0501%	8h	590.35	−0.034%	$53.9M	$168.5M	75x	as long as short
dYdX XMR-USD	+0.0516%	1h	586.64	−0.662%	$106K	$50K	5x	as long as short
Bitget XMRUSDT	+0.0604%	8h	590.24	−0.052%	$9.6M	$14.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0627%	8h	589.98	−0.097%	$1.6M	$4.6M	50x	as long as short
Aster XMRUSDT	+0.0676%	8h	590.00	−0.093%	$654K	$2.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0773%	8h	589.56	−0.168%	$48.3M	$26.2M	50x	as long as short
Pacifica XMR	+0.0821%	1h	588.79	−0.298%	$273K	$1.1M	10x	as long as short
BingX XMR-USDT	+0.0865%	8h	590.36	−0.032%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0905%	8h	590.36	−0.032%	$47.6M	$65.1M	75x	as long as short
Backpack XMR_USDC_PERPlong	+0.0922%	1h	590.55	long leg	$185K	$534K	20x
GMX XMR/USD [WBTC.b-USDC]	L +0.0927% / S −0.1138%	1h	588.99	−0.265%	$656K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0979%	8h	584.15	−1.084%	$340K	$792K	10x	as long as short
Variational Omni XMR	+0.1000%	8h	585.44	−0.865%	$6.6M	$2.9M	—	as long as short
Lighter XMR	+0.1024%	1h	589.59	−0.163%	$3.3M	$7.2M	10x	as long as short
Orderly PERP_XMR_USDC	+0.1057%	8h	590.30	−0.042%	$42K	$735K	10x	as long as short
Polymarket Perps XMR-USD	+0.1070%	1h	590.09	−0.078%	$49K	$2.1M	5x	as long as short
Paradex XMR-USD-PERP	+0.1207%	8h	588.97	−0.267%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1296%	1h	589.52	−0.174%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1401%	1h	590.42	−0.021%	$1.3M	$467K	10x	as long as short
Hyperliquid XMRshort	+0.1799%	1h	590.46	−0.015%	$89.4M	$73.8M	5x
SoDEX XMR-USD	+0.1833%	1h	590.57	+0.003%	$449K	$3K	5x	as long as short
Extended XMR-USD	+0.2016%	1h	590.15	−0.067%	$3.2M	$8.3M	25x	as long as short
Aftermath Perps XMRUSD	+0.2743%	1h	584.80	−0.973%	$1K	$46K	10x	as long as short