Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0730%/8h= +79.9% APRpaid last 24h +0.282%

Price spread now: Hyperliquid against edgeX+0.409%106s7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.458% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.579%+$58 on $10k

Price spread, last 7 days−0.413%−$41 · spread now +0.409%, 7d avg −0.024%

Together, before fees+0.166%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$17 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 0.434% dearer against edgeX than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.024%. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XMRUSDC	572.48	0.0100	pay 0.0050% / 4h	1h 31m	$1.0M	$633K	10x
Short	Hyperliquid XMR	574.82	0.0830	get 0.0104% / 1h	31m 34s	$87.1M	$65.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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 edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.409%Rate

Funding earned: $153.31
Price spread: +0.409% → −0.024%: $43.38
Slippage, 4 orders: −$27.79
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $150.89
Costs to cover: 0.458%
Break-even: 0.1 days

Slippage from edgeX: live order book, 2 min ago; Hyperliquid: live order book, 12 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 edgeX live order book, 2 min ago	10.28 bp	14.8 bp −$15	15.6 bp −$156	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.26 bp	6.7 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	573.41	+0.164%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.760%	$3K	$3K	12x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	572.48	long leg	$1.0M	$633K	10x
SunX XMR-USDT	+0.0100%	8h	573.58	+0.193%	$2K	$1.6M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.95	+0.258%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	572.94	+0.081%	$12K	—	3x	as long as short
Lighter XMR	+0.0296%	1h	574.66	+0.382%	$3.1M	$6.2M	10x	as long as short
KuCoin XMRUSDTM	+0.0317%	8h	574.42	+0.340%	$45.3M	$23.5M	50x	as long as short
Extended XMR-USD	+0.0360%	1h	574.69	+0.387%	$3.0M	$8.4M	25x	as long as short
Polymarket Perps XMR-USD	+0.0508%	1h	574.11	+0.285%	$22K	$2.0M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0591%	8h	575.22	+0.479%	$9.5M	$12.0M	50x	as long as short
BingX XMR-USDT	+0.0612%	8h	574.89	+0.422%	—	$5.4M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0634%	1h	573.17	+0.122%	$5.4M	$16.8M	50x	as long as short
MEXC XMR_USDT	+0.0635%	8h	575.09	+0.457%	$20.1M	$14.4M	100x	as long as short
Binance XMRUSDT	+0.0635%	8h	575.00	+0.441%	$52.3M	$139.1M	75x	as long as short
Bybit XMRUSDT	+0.0640%	8h	574.71	+0.390%	$46.6M	$60.3M	75x	as long as short
Gate XMR_USDT	+0.0663%	8h	574.47	+0.348%	$1.5M	$3.3M	50x	as long as short
dYdX XMR-USD	+0.0725%	1h	573.33	+0.148%	$104K	$43K	5x	as long as short
Aster XMRUSDT	+0.0793%	8h	574.01	+0.268%	$635K	$2.0M	75x	as long as short
Paradex XMR-USD-PERP	+0.0825%	8h	574.95	+0.432%	$8K	$3K	20x	as long as short
Hyperliquid XMRshort	+0.0830%	1h	574.82	+0.409%	$87.1M	$65.8M	5x
Backpack XMR_USDC_PERP	+0.0839%	1h	574.08	+0.280%	$174K	$524K	20x	as long as short
SoDEX XMR-USD	+0.0971%	1h	574.17	+0.296%	$436K	$3K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0990%	8h	572.20	−0.049%	$341K	$711K	10x	as long as short
Pacifica XMR	+0.1002%	1h	574.86	+0.416%	$265K	$927K	10x	as long as short
Nado XMR-PERP	+0.1007%	1h	574.20	+0.300%	$1.3M	$445K	10x	as long as short
BloFin XMR-USDT	+0.1050%	8h	574.20	+0.301%	$2.7M	$10.8M	75x	as long as short
Variational Omni XMR	+0.1113%	8h	572.30	−0.030%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1133% / S −0.1496%	1h	573.26	+0.138%	$594K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1186%	8h	574.08	+0.280%	$40K	$588K	10x	as long as short
Aftermath Perps XMRUSD	+0.1934%	1h	573.67	+0.209%	$1K	$41K	10x	as long as short