Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0485%/8h= +53.1% APRnext payment +$0.61 per $10,000 · paid last 24h +0.114%
Price spread now: Hyperliquid against Pacifica+0.100%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$410.412% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.141%+$14 on $10k
Price spread, last 7 days−0.099%−$10 · spread now +0.100%, 7d avg −0.019%
Together, before fees+0.041%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.120% dearer against Pacifica than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.019%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.141% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XMR569.870.0912pay 0.0114% / 1h55m 59s$264K$1.0M10x
ShortHyperliquid XMR570.440.1397get 0.0175% / 1h55m 59s$86.0M$71.4M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. 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

Funding earned
$101.86
Price spread: +0.100% → −0.019%
$11.99
Slippage, 4 orders
−$24.24
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$72.61
Costs to cover
0.412%
Break-even
2.0 days
Slippage from Pacifica: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 3 min ago2.19 bp9.6 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago0.44 bp7.6 bp −$8doesn't fitdoesn't fitdoesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0003%1h568.82−0.184%$37K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+2.226%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h568.63−0.217%$1.0M$645K10xas long as short
SunX XMR-USDT+0.0100%8h569.870.000%$2K$1.9M20xas long as short
HTX XMR-USDT+0.0100%8h569.00−0.152%$1.0M$1.6M20xas long as short
Aevo XMR-PERP+0.0224%1h570.39+0.092%$12K3xas long as short
KuCoin XMRUSDTM+0.0270%8h569.72−0.026%$44.8M$26.5M50xas long as short
Bitget XMRUSDT+0.0547%8h570.91+0.183%$9.4M$13.5M50xas long as short
Gate XMR_USDT+0.0568%8h570.25+0.067%$1.5M$4.3M50xas long as short
MEXC XMR_USDT+0.0581%8h570.87+0.176%$19.7M$14.6M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XMRUSDT+0.0588%8h570.85+0.172%$52.2M$163.5M75xas long as short
BingX XMR-USDT+0.0638%8h570.67+0.141%$5.7Mas long as short
Bybit XMRUSDT+0.0681%8h570.66+0.139%$46.2M$64.8M75xas long as short
Paradex XMR-USD-PERP+0.0692%8h569.55−0.056%$8K$4K20xas long as short
Extended XMR-USD+0.0696%1h570.64+0.136%$3.0M$8.4M25xas long as short
Aster XMRUSDT+0.0737%8h569.80−0.012%$638K$2.3M75xas long as short
Kraken Futures PF_XMRUSD+0.0752%1h569.56−0.053%$5.4M$19.1M50xas long as short
Pacifica XMRlong+0.0912%1h569.87long leg$264K$1.0M10x
Lighter XMR+0.0920%1h570.41+0.095%$3.1M$7.5M10xas long as short
BloFin XMR-USDT+0.0958%8h570.45+0.102%$2.7M$11.1M75xas long as short
GRVT XMR_USDT_Perp+0.0972%8h568.55−0.231%$336K$720K10xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1012% / S −0.1311%1h568.64−0.215%$589K100xas long as short
Polymarket Perps XMR-USD+0.1034%1h570.08+0.037%$28K$2.2M5xas long as short
Orderly PERP_XMR_USDC+0.1164%8h570.46+0.104%$40K$723K10xas long as short
Variational Omni XMR+0.1177%8h570.56+0.121%$6.3M$2.3Mas long as short
Nado XMR-PERP+0.1314%1h570.07+0.036%$1.3M$458K10xas long as short
Hyperliquid XMRshort+0.1397%1h570.44+0.100%$86.0M$71.4M5x
Backpack XMR_USDC_PERP+0.1750%1h570.27+0.071%$168K$533K20xas long as short
SoDEX XMR-USD+0.1823%1h570.67+0.141%$434K$3K5xas long as short
Aftermath Perps XMRUSD+0.1987%1h569.90+0.007%$1K$43K10xas long as short
dYdX XMR-USD+0.2463%1h568.56−0.229%$103K$44K5xas long as short