Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1028%/8h= −112.6% APRpaid last 24h −0.002%

Price spread now: Paradex against Hyperliquid+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.026% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XMR	572.76	0.1240	pay 0.0155% / 1h	26m 25s	$86.3M	$71.4M	5x
Short	Paradex XMR-USD-PERP	572.91	0.0212	get 0.0212% / 8h	3h 26m	$8K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Hyperliquid. 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 HyperliquidbpFee ParadexbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$215.92
Price spread: +0.026% → 0.000%: $2.61
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$226.31
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; Paradex: no order-book sample. Net counts fees only.

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, 7 min ago	0.61 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0003%	1h	571.36	−0.245%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.709%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.33	+0.100%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.36	−0.070%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.01	−0.306%	$1.1M	$1.6M	20x	as long as short
Paradex XMR-USD-PERPshort	+0.0212%	8h	572.91	+0.026%	$8K	$4K	20x
Aevo XMR-PERP	+0.0216%	1h	573.19	+0.076%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.62	−0.199%	$5.4M	$19.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0324%	8h	572.08	−0.119%	$45.0M	$26.4M	50x	as long as short
Gate XMR_USDT	+0.0497%	8h	572.36	−0.070%	$1.5M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0522%	8h	572.84	+0.014%	$9.4M	$13.5M	50x	as long as short
Binance XMRUSDT	+0.0552%	8h	572.94	+0.032%	$52.3M	$163.5M	75x	as long as short
MEXC XMR_USDT	+0.0553%	8h	572.74	−0.003%	$19.8M	$14.7M	100x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.04	+0.049%	—	$5.6M	—	as long as short
Lighter XMR	+0.0560%	1h	572.76	+0.001%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0572%	1h	572.55	−0.037%	$169K	$533K	20x	as long as short
Bybit XMRUSDT	+0.0619%	8h	572.69	−0.012%	$46.6M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0648%	1h	572.77	+0.002%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.74	−0.003%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0701%	8h	572.42	−0.059%	$634K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0746%	1h	572.56	−0.035%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0911%	8h	572.50	−0.045%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.58	+0.142%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1217%	1h	571.41	−0.236%	$595K	—	100x	as long as short
Nado XMR-PERP	+0.1071%	1h	572.45	−0.053%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1120%	8h	574.77	+0.352%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1127%	8h	572.79	+0.005%	$40K	$735K	10x	as long as short
dYdX XMR-USD	+0.1132%	1h	571.66	−0.193%	$104K	$44K	5x	as long as short
Hyperliquid XMRlong	+0.1240%	1h	572.76	long leg	$86.3M	$71.4M	5x
SoDEX XMR-USD	+0.1384%	1h	572.88	+0.021%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1938%	1h	572.71	−0.009%	$1K	$44K	10x	as long as short