Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0906%/8h= −99.2% APRpaid last 24h −0.152%

Price spread now: KuCoin against Hyperliquid−0.079%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.296%−$30 on $10k

Price spread, last 7 days+0.079%+$8 · spread now −0.079%, 7d avg −0.037%

Together, before fees−0.217%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and KuCoin is 0.041% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.296% in total (about -15.4% a year). A funding rate is set anew for every payment. 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	Hyperliquid XMR	572.88	0.1234	pay 0.0154% / 1h	26m 48s	$86.3M	$71.3M	5x
Short	KuCoin XMRUSDTM	572.43	0.0328	get 0.0328% / 8h	3h 26m	$45.0M	$26.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$190.17
Price spread: −0.079% → −0.037%: −$4.14
Slippage, 4 orders: −$25.31
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$240.62
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 2 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 Hyperliquid live order book, 7 min ago	0.61 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	3.23 bp	16.8 bp −$17	45.2 bp −$452	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	571.87	−0.176%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.688%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.33	+0.079%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.61	−0.047%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.01	−0.326%	$1.1M	$1.6M	20x	as long as short
Paradex XMR-USD-PERP	+0.0189%	8h	573.27	+0.068%	$8K	$4K	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.16	+0.049%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.97	−0.159%	$5.4M	$19.5M	50x	as long as short
KuCoin XMRUSDTMshort	+0.0328%	8h	572.43	−0.079%	$45.0M	$26.4M	50x
Gate XMR_USDT	+0.0497%	8h	572.95	+0.012%	$1.6M	$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	572.97	+0.016%	$9.4M	$13.5M	50x	as long as short
MEXC XMR_USDT	+0.0552%	8h	573.08	+0.035%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0553%	8h	573.07	+0.033%	$52.3M	$163.6M	75x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.06	+0.031%	—	$5.6M	—	as long as short
Lighter XMR	+0.0560%	1h	572.91	+0.005%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0572%	1h	572.55	−0.058%	$169K	$533K	20x	as long as short
Bybit XMRUSDT	+0.0616%	8h	572.87	−0.002%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0648%	1h	572.88	0.000%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	573.10	+0.038%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0702%	8h	572.68	−0.035%	$634K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0749%	1h	572.75	−0.023%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0911%	8h	572.50	−0.066%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.58	+0.121%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1238%	1h	571.79	−0.190%	$592K	—	100x	as long as short
Nado XMR-PERP	+0.1077%	1h	573.05	+0.030%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1120%	8h	574.77	+0.331%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1127%	8h	572.96	+0.014%	$40K	$735K	10x	as long as short
dYdX XMR-USD	+0.1168%	1h	572.17	−0.124%	$104K	$44K	5x	as long as short
Hyperliquid XMRlong	+0.1234%	1h	572.88	long leg	$86.3M	$71.3M	5x
SoDEX XMR-USD	+0.1382%	1h	573.18	+0.052%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1933%	1h	572.84	−0.007%	$1K	$44K	10x	as long as short