XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0191%/8h= +20.9% APRnext payment +$0.24 per $10,000 · paid last 24h +0.105%

Price spread now: Hyperliquid against Lighter+0.043%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days−0.035%−$3 · spread now +0.043%, 7d avg −0.003%

Together, before fees−0.019%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.045% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.003%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 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	Lighter XMR	572.82	0.1024	pay 0.0128% / 1h	34m 32s	$3.1M	$7.5M	10x
Short	Hyperliquid XMR	573.06	0.1215	get 0.0152% / 1h	34m 32s	$86.4M	$70.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. 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 LighterbpFee HyperliquidbpOrdersPrice spread, now +0.043%Rate

Funding earned: $40.07
Price spread: +0.043% → −0.003%: $4.53
Slippage, 4 orders: −$22.97
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $12.63
Costs to cover: 0.320%
Break-even: 4.8 days

Slippage from Lighter: live order book, 4 min ago; Hyperliquid: live order book, 9 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 Lighter live order book, 4 min ago	2.13 bp	3.8 bp −$4	15.1 bp −$151	112.3 bp −$11.2K	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.79 bp	10.1 bp −$10	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	572.70	−0.020%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.699%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	571.71	−0.194%	$1.0M	$643K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.59	+0.135%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.00	+0.032%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	573.95	+0.198%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0314%	8h	572.10	−0.125%	$44.9M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0493%	1h	571.62	−0.210%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0575%	8h	572.53	−0.050%	$9.4M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0616%	8h	572.85	+0.006%	$19.7M	$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	+0.0616%	8h	572.59	−0.039%	$52.4M	$161.2M	75x	as long as short
Gate XMR_USDT	+0.0625%	8h	572.51	−0.053%	$1.5M	$4.3M	50x	as long as short
BingX XMR-USDT	+0.0672%	8h	572.65	−0.029%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0716%	8h	572.25	−0.099%	$46.4M	$64.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0747%	1h	573.35	+0.094%	$5.4M	$19.1M	50x	as long as short
Extended XMR-USD	+0.0768%	1h	572.51	−0.054%	$3.0M	$8.2M	25x	as long as short
Aster XMRUSDT	+0.0769%	8h	572.81	−0.001%	$642K	$2.2M	75x	as long as short
Polymarket Perps XMR-USD	+0.0779%	1h	573.46	+0.112%	$28K	$2.2M	5x	as long as short
Pacifica XMR	+0.0912%	1h	572.74	−0.013%	$265K	$1.0M	10x	as long as short
Paradex XMR-USD-PERP	+0.0936%	8h	572.70	−0.019%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.1007%	8h	571.95	−0.152%	$330K	$728K	10x	as long as short
BloFin XMR-USDT	+0.1013%	8h	574.03	+0.212%	$2.7M	$11.2M	75x	as long as short
Lighter XMRlong	+0.1024%	1h	572.82	long leg	$3.1M	$7.5M	10x
GMX XMR/USD [WBTC.b-USDC]	L +0.1057% / S −0.1398%	1h	572.59	−0.039%	$592K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1186%	8h	574.04	+0.214%	$40K	$713K	10x	as long as short
Variational Omni XMR	+0.1193%	8h	571.73	−0.190%	$6.3M	$2.3M	—	as long as short
Hyperliquid XMRshort	+0.1215%	1h	573.06	+0.043%	$86.4M	$70.9M	5x
Backpack XMR_USDC_PERP	+0.1372%	1h	573.89	+0.187%	$169K	$532K	20x	as long as short
Nado XMR-PERP	+0.1378%	1h	572.52	−0.052%	$1.3M	$455K	10x	as long as short
SoDEX XMR-USD	+0.1415%	1h	574.43	+0.282%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.2105%	1h	571.51	−0.227%	$1K	$43K	10x	as long as short