After costs, if the gap returns to its 7d average, $10k+$16
spread now+0.416%7d average−0.032%fees + slippage, in and out−$28spread needed0.285%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XMR | 571.67 | 0.1260 | pay 0.0157% / 1h | 53m 35s | $80.2M | $55.9M | 5x |
| Short | Backpack XMR_USDC_PERP | 574.05 | 0.1058 | get 0.0132% / 1h | 53m 35s | $187K | $472K | 20x |
Hyperliquid XMR
Backpack XMR_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $41.63
- Funding while held
- −$6.06
- Slippage, 4 orders
- −$9.45
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $7.12
- Spread needed to break even
- 0.285%
Slippage from Hyperliquid: live order book, 12 min ago; Backpack: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0202%
- Per $10,000 a day
- −$6.06
- Average in range /8h
- —
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, 12 min ago | 0.35 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.52 bp | 6.9 bp −$7 | 33.4 bp −$334 | doesn't fit | doesn't fit |
XMR price on every exchange
against the cheapest. Click to use as the short leg.Bybit570.99cheapestBitget571.03+0.007%Binance571.21+0.039%dYdX571.60+0.107%Nado571.65+0.116%
Bybit
Bitget
Binance
dYdX
NadoHyperliquid571.67+0.119%
Extended571.76+0.134%Polymarket Perps571.88+0.156%Gate571.93+0.165%MEXC572.11+0.196%BingX572.19+0.210%KuCoin572.34+0.236%Paradex572.44+0.254%Lighter572.62+0.286%Pacifica572.63+0.287%Aster573.30+0.405%Kraken Futures573.35+0.413%gTrade (Gains Network)573.86+0.503%GMX573.93+0.515%HTX574.00+0.527%
Extended
Polymarket Perps
Gate
MEXC
BingX
KuCoin
Paradex
Lighter
Pacifica
Aster
Kraken Futures
gTrade (Gains Network)
GMX
HTXBackpack574.05+0.536%
SoDEX574.34+0.587%SunX574.40+0.597%Aevo574.47+0.609%Orderly574.84+0.674%Aftermath Perps575.48+0.786%BloFin576.02+0.881%edgeX576.36+0.940%Variational Omni577.85+1.201%Injective578.59+1.331%
SoDEX
SunX
Aevo
Orderly
BloFin
Variational Omni
InjectiveXMR on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit XMRUSDT | −0.119% | +0.0214% | 8h | $45.9M | $56.5M | 75x | as long as short |
| Bitget XMRUSDT | −0.112% | +0.0927% | 8h | $9.8M | $14.4M | 50x | as long as short |
| Binance XMRUSDT | −0.080% | +0.0771% | 8h | $54.2M | $154.1M | 75x | as long as short |
| dYdX XMR-USD | −0.012% | +0.0312% | 1h | $103K | $37K | 5x | as long as short |
| Nado XMR-PERP | −0.003% | +0.0807% | 1h | $1.3M | $456K | 10x | as long as short |
| Hyperliquid XMRlong | 0.000% | +0.1260% | 1h | $80.2M | $55.9M | 5x | |
| Extended XMR-USD | +0.015% | +0.0672% | 1h | $3.1M | $6.9M | 25x | as long as short |
| Polymarket Perps XMR-USD | +0.037% | +0.0741% | 1h | $16K | $1.7M | 5x | as long as short |
| Gate XMR_USDT | +0.045% | +0.0582% | 8h | $1.5M | $4.2M | 50x | as long as short |
| MEXC XMR_USDT | +0.077% | +0.0781% | 8h | $21.4M | $14.2M | 100x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX XMR-USDT | +0.091% | +0.0899% | 8h | — | $5.5M | — | as long as short |
| KuCoin XMRUSDTM | +0.117% | +0.0802% | 8h | $46.8M | $23.7M | 50x | as long as short |
| Paradex XMR-USD-PERP | +0.135% | +0.0628% | 8h | $8K | $3K | 20x | as long as short |
| Lighter XMR | +0.166% | +0.0544% | 1h | $3.6M | $5.8M | 10x | as long as short |
| Pacifica XMR | +0.167% | +0.0585% | 1h | $270K | $1.1M | 10x | as long as short |
| Aster XMRUSDT | +0.285% | +0.0935% | 8h | $675K | $2.3M | 75x | as long as short |
| Kraken Futures PF_XMRUSD | +0.294% | +0.0974% | 1h | $5.6M | $18.2M | 50x | as long as short |
| gTrade (Gains Network) XMR/USD | +0.383% | L +0.0010% / S −0.0008% | 1h | $32K | — | 150x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | +0.395% | L +0.1269% / S −0.2448% | 1h | $263K | — | 100x | as long as short |
| HTX XMR-USDT | +0.408% | +0.4655% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Backpack XMR_USDC_PERPshort | +0.416% | +0.1058% | 1h | $187K | $472K | 20x | |
| SoDEX XMR-USD | +0.467% | +0.0384% | 1h | $437K | $4K | 5x | as long as short |
| SunX XMR-USDT | +0.478% | +0.0100% | 8h | $2K | $2.0M | 20x | as long as short |
| Aevo XMR-PERP | +0.489% | +0.0280% | 1h | $12K | — | 3x | as long as short |
| Orderly PERP_XMR_USDC | +0.555% | +0.1918% | 8h | $52K | $713K | 10x | as long as short |
| Aftermath Perps XMRUSD | +0.666% | +0.2106% | 1h | $1K | $49K | 10x | as long as short |
| BloFin XMR-USDT | +0.761% | +0.1104% | 8h | $2.8M | $10.3M | 75x | as long as short |
| edgeX XMRUSDC | +0.820% | +0.0100% | 4h | $1.0M | $680K | 10x | as long as short |
| Variational Omni XMR | +1.081% | +0.0993% | 8h | $7.0M | $4.6M | — | as long as short |
| Injective XMR/USDC PERP | +1.210% | +0.0033% | 1h | $3K | $85K | 12x | as long as short |