XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0363%/8h= +39.7% APRnext payment +$0.45 per $10,000 · paid last 24h +0.062%

Price spread now: Hyperliquid against Kraken Futures+0.183%7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.183%, 7d avg +0.150%

Together, before fees−0.179%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.033% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.150%. Mind the row above: over the last 7 days funding on this pair cost −0.074%, 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 -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	572.26	0.0748	pay 0.0094% / 1h	27m 40s	$5.4M	$19.1M	50x
Short	Hyperliquid XMR	573.30	0.1111	get 0.0139% / 1h	27m 40s	$86.4M	$71.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Kraken Futures. 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now +0.183%Rate

Funding earned: $76.19
Price spread: +0.183% → +0.150%: $3.3
Slippage, 4 orders: −$48.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $11.61
Costs to cover: 0.679%
Break-even: 5.9 days

Slippage from Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	15.62 bp	22.2 bp −$22	33.7 bp −$337	109.5 bp −$10.9K	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.05 bp	9.0 bp −$9	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 −0.0003%	1h	572.59	+0.059%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.799%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.33	+0.188%	$1.0M	$640K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.90	+0.113%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.95	+0.121%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	573.73	+0.258%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0320%	8h	573.10	+0.148%	$45.0M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0407%	1h	572.70	+0.077%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0575%	8h	573.54	+0.225%	$9.4M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0618%	8h	573.41	+0.202%	$19.8M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0618%	8h	573.37	+0.195%	$52.5M	$161.1M	75x	as long as short
Gate XMR_USDT	+0.0638%	8h	573.08	+0.144%	$1.5M	$4.3M	50x	as long as short
BingX XMR-USDT	+0.0677%	8h	573.37	+0.195%	—	$5.6M	—	as long as short
Polymarket Perps XMR-USD	+0.0686%	1h	573.45	+0.209%	$27K	$2.2M	5x	as long as short
Bybit XMRUSDT	+0.0706%	8h	573.13	+0.153%	$46.4M	$64.1M	75x	as long as short
Extended XMR-USD	+0.0720%	1h	573.20	+0.165%	$3.0M	$8.2M	25x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0748%	1h	572.26	long leg	$5.4M	$19.1M	50x
Aster XMRUSDT	+0.0769%	8h	573.49	+0.217%	$642K	$2.2M	75x	as long as short
Lighter XMR	+0.0856%	1h	573.37	+0.194%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0906%	8h	573.40	+0.200%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	573.36	+0.193%	$265K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1009%	8h	573.87	+0.282%	$345K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1012%	8h	573.19	+0.163%	$2.7M	$11.2M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1073% / S −0.1427%	1h	572.36	+0.019%	$593K	—	100x	as long as short
Hyperliquid XMRshort	+0.1111%	1h	573.30	+0.183%	$86.4M	$71.0M	5x
Orderly PERP_XMR_USDC	+0.1188%	8h	573.12	+0.151%	$40K	$695K	10x	as long as short
Variational Omni XMR	+0.1189%	8h	572.35	+0.017%	$6.3M	$2.3M	—	as long as short
SoDEX XMR-USD	+0.1285%	1h	573.29	+0.181%	$436K	$3K	5x	as long as short
Nado XMR-PERP	+0.1291%	1h	573.40	+0.200%	$1.3M	$452K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1386%	1h	573.04	+0.137%	$168K	$532K	20x	as long as short
Aftermath Perps XMRUSD	+0.2075%	1h	572.59	+0.058%	$1K	$43K	10x	as long as short