Funding you earn now, next payment 10:00 UTC+0.7075%/8h= +774.7% APRnext payment +$8.84 per $10,000 · paid last 24h +0.124%
Price spread now: dYdX against Hyperliquid−0.307%7-day average −0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$472as in the Funding arb table
Net, price: spread back to 7d avg − costs−$542as in the Price arb table
costs, in and out, $10k−$5295.292% of the position
Funding, last 7 days+0.572%+$57 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.307%, 7d avg −0.175%
=Together, before fees+0.755%+ Points / potential airdropHyperliquid: Season 2 · farm board+$75 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.132% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.307% now, against its 7-day average of −0.175%). If the spread goes back, that is −$13 on $10k: about 1 hour of funding at the current rate (+$212 a day). At the pace of the last 7 days (+0.572% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.572% in total (about 29.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.84 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XMR | 571.28 | 0.0817 | pay 0.0102% / 1h | 18m 11s | $86.8M | $53.5M | 5x |
| Short | dYdX XMR-USD | 569.53 | 0.7892 | get 0.0987% / 1h | 18m 11s | $103K | $20K | 5x |
Hyperliquid XMR
dYdX XMR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1,485.8
- Price spread: −0.307% → −0.175%
- −$13.18
- Slippage, 4 orders
- −$510.16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $943.46
- Costs to cover
- 5.292%
- Break-even
- 2.6 days
Slippage from Hyperliquid: live order book, 9 min ago; dYdX: live order book, 33 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 Hyperliquid live order book, 9 min ago | 2.37 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 33 min ago | 98.92 bp | 362.1 bp −$362 | 480.7 bp −$4,807 | 493.3 bp −$49.3K | 964.4 bp −$482.2K |
XMR on 31 exchanges
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 | 569.59 | −0.296% | $33K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.973% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 570.29 | −0.174% | $1.0M | $463K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 570.47 | −0.142% | $2K | $979K | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 569.95 | −0.233% | $1.1M | $960K | 20x | as long as short |
| Polymarket Perps XMR-USD | +0.0168% | 1h | 570.78 | −0.088% | $30K | $1.5M | 5x | as long as short |
| Aevo XMR-PERP | +0.0200% | 1h | 571.23 | −0.009% | $12K | — | 3x | as long as short |
| Gate XMR_USDT | +0.0410% | 8h | 570.53 | −0.131% | $1.5M | $2.3M | 50x | as long as short |
| Lighter XMR | +0.0424% | 1h | 571.14 | −0.024% | $3.0M | $4.8M | 10x | as long as short |
| MEXC XMR_USDT | +0.0468% | 8h | 571.38 | +0.018% | $19.8M | $9.0M | 100x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Polymarket Perps XMR-USD
Aevo XMR-PERP
Gate XMR_USDT
Lighter XMR
MEXC XMR_USDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XMRUSDT | +0.0468% | 8h | 571.54 | +0.046% | $52.5M | $88.9M | 75x | as long as short |
| Bybit XMRUSDT | +0.0483% | 8h | 571.38 | +0.018% | $46.4M | $44.1M | 75x | as long as short |
| KuCoin XMRUSDTM | +0.0517% | 8h | 570.65 | −0.110% | $45.2M | $15.9M | 50x | as long as short |
| Aster XMRUSDT | +0.0527% | 8h | 571.09 | −0.033% | $662K | $1.3M | 75x | as long as short |
| Extended XMR-USD | +0.0544% | 1h | 570.97 | −0.054% | $3.0M | $6.5M | 25x | as long as short |
| Paradex XMR-USD-PERP | +0.0557% | 8h | 570.86 | −0.073% | $8K | $1K | 20x | as long as short |
| BingX XMR-USDT | +0.0637% | 8h | 571.34 | +0.011% | — | $4.9M | — | as long as short |
| Bitget XMRUSDT | +0.0678% | 8h | 571.35 | +0.012% | $9.1M | $9.4M | 50x | as long as short |
| Pacifica XMR | +0.0710% | 1h | 571.08 | −0.035% | $269K | $640K | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0748% | 8h | 570.57 | −0.124% | $337K | $664K | 10x | as long as short |
| BloFin XMR-USDT | +0.0754% | 8h | 571.10 | −0.032% | $2.7M | $9.3M | 75x | as long as short |
| Variational Omni XMR | +0.0809% | 8h | 570.16 | −0.196% | $6.1M | $2.2M | — | as long as short |
| Hyperliquid XMRlong | +0.0817% | 1h | 571.28 | long leg | $86.8M | $53.5M | 5x | |
| Kraken Futures PF_XMRUSD | +0.0856% | 1h | 569.99 | −0.226% | $5.4M | $6.7M | 50x | as long as short |
| Backpack XMR_USDC_PERP | +0.0902% | 1h | 571.07 | −0.037% | $128K | $411K | 20x | as long as short |
| Nado XMR-PERP | +0.0911% | 1h | 571.11 | −0.030% | $1.2M | $188K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0937% / S −0.1108% | 1h | 569.57 | −0.299% | $592K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.1060% | 8h | 570.83 | −0.079% | $41K | $341K | 10x | as long as short |
| SoDEX XMR-USD | +0.1077% | 1h | 571.11 | −0.030% | $434K | $4K | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.2104% | 1h | 570.02 | −0.220% | $1K | $37K | 10x | as long as short |
| dYdX XMR-USDshort | +0.7892% | 1h | 569.53 | −0.307% | $103K | $20K | 5x |
Binance XMRUSDT
Bybit XMRUSDT
KuCoin XMRUSDTM
Aster XMRUSDT
Extended XMR-USD
Paradex XMR-USD-PERP
BingX XMR-USDT
Bitget XMRUSDT
Pacifica XMR
GRVT XMR_USDT_Perp
BloFin XMR-USDT
Variational Omni XMR
Kraken Futures PF_XMRUSD
Backpack XMR_USDC_PERP
Nado XMR-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
SoDEX XMR-USD
Aftermath Perps XMRUSD