Funding you earn now, next payment 00:00 UTC+0.1188%/8h= +130.1% APRnext payment +$1.49 per $10,000 · paid last 24h +0.015%
Price spread now: Hyperliquid against Kraken Futures+0.249%50s7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.249%, 7d avg +0.138%
=Together, before fees−0.308%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Hyperliquid is 0.111% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.138%. Mind the row above: over the last 7 days funding on this pair cost −0.137%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.49 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 | 593.13 | 0.0463 | pay 0.0058% / 1h | 25m 25s | $5.6M | $20.5M | 50x |
| Short | Hyperliquid XMR | 594.61 | 0.1652 | get 0.0206% / 1h | 25m 25s | $89.8M | $71.1M | 5x |
Kraken Futures PF_XMRUSD
Hyperliquid XMRFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $249.51
- Price spread: +0.249% → +0.138%
- $11.08
- Slippage, 4 orders
- −$45.18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $196.41
- Costs to cover
- 0.642%
- Break-even
- 1.5 days
Slippage from Kraken Futures: live order book, 4 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 4 min ago | 15.80 bp | 21.1 bp −$21 | 34.2 bp −$342 | 295.3 bp −$29.5K | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.17 bp | 8.8 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 −0.0009% | 1h | 593.20 | +0.011% | $44K | — | 150x | as long as short |
| Lighter XMR | +0.0096% | 1h | 593.70 | +0.095% | $3.4M | $6.9M | 10x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 593.73 | +0.100% | $48.6M | $63.4M | 75x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 598.05 | +0.829% | $1.1M | $662K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 593.95 | +0.138% | $2K | $2.0M | 20x | as long as short |
| Aevo XMR-PERP | +0.0160% | 1h | 593.76 | +0.105% | $12K | — | 3x | as long as short |
| Backpack XMR_USDC_PERP | +0.0169% | 1h | 593.71 | +0.097% | $202K | $575K | 20x | as long as short |
| Binance XMRUSDT | +0.0307% | 8h | 593.82 | +0.116% | $54.4M | $164.8M | 75x | as long as short |
| MEXC XMR_USDT | +0.0307% | 8h | 594.12 | +0.166% | $22.1M | $15.0M | 100x | as long as short |
| BingX XMR-USDT | +0.0415% | 8h | 594.49 | +0.229% | — | $5.7M | — | as long as short |
gTrade (Gains Network) XMR/USD
Lighter XMR
Bybit XMRUSDT
edgeX XMRUSDC
SunX XMR-USDT
Aevo XMR-PERP
Backpack XMR_USDC_PERP
Binance XMRUSDT
MEXC XMR_USDT
BingX XMR-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XMRUSDT | +0.0436% | 8h | 594.36 | +0.207% | $9.8M | $14.5M | 50x | as long as short |
| BloFin XMR-USDT | +0.0438% | 8h | 594.67 | +0.259% | $2.8M | $11.6M | 75x | as long as short |
| Kraken Futures PF_XMRUSDlong | +0.0463% | 1h | 593.13 | long leg | $5.6M | $20.5M | 50x | |
| Variational Omni XMR | +0.0466% | 8h | 595.11 | +0.333% | $6.9M | $2.6M | — | as long as short |
| Gate XMR_USDT | +0.0477% | 8h | 593.62 | +0.082% | $1.6M | $4.6M | 50x | as long as short |
| KuCoin XMRUSDTM | +0.0562% | 8h | 593.56 | +0.072% | $48.5M | $26.0M | 50x | as long as short |
| Pacifica XMR | +0.0565% | 1h | 594.07 | +0.158% | $279K | $1.1M | 10x | as long as short |
| Aster XMRUSDT | +0.0581% | 8h | 593.60 | +0.079% | $676K | $2.4M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.0586% | 8h | 594.80 | +0.281% | $349K | $794K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0699% | 1h | 594.46 | +0.224% | $21K | $1.7M | 5x | as long as short |
| SoDEX XMR-USD | +0.0749% | 1h | 594.44 | +0.220% | $452K | $3K | 5x | as long as short |
| Paradex XMR-USD-PERP | +0.0825% | 8h | 594.13 | +0.169% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0872% / S −0.2449% | 1h | 593.01 | −0.020% | $551K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0949% | 8h | 593.76 | +0.106% | $43K | $729K | 10x | as long as short |
| Nado XMR-PERP | +0.1136% | 1h | 594.12 | +0.166% | $1.3M | $476K | 10x | as long as short |
| Injective XMR/USDC PERP | +0.1312% | 1h | 596.76 | +0.611% | $3K | $6K | 12x | as long as short |
| Hyperliquid XMRshort | +0.1652% | 1h | 594.61 | +0.249% | $89.8M | $71.1M | 5x | |
| Extended XMR-USD | +0.1752% | 1h | 594.03 | +0.150% | $3.2M | $6.9M | 25x | as long as short |
| HTX XMR-USDT | +0.1945% | 8h | 594.00 | +0.146% | $1.1M | $1.5M | 20x | as long as short |
| Aftermath Perps XMRUSD | +0.2279% | 1h | 595.66 | +0.426% | $2K | $47K | 10x | as long as short |
| dYdX XMR-USD | +0.2494% | 1h | 593.28 | +0.025% | $108K | $50K | 5x | as long as short |
Bitget XMRUSDT
BloFin XMR-USDT
Variational Omni XMR
Gate XMR_USDT
KuCoin XMRUSDTM
Pacifica XMR
Aster XMRUSDT
GRVT XMR_USDT_Perp
Polymarket Perps XMR-USD
SoDEX XMR-USD
Paradex XMR-USD-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Nado XMR-PERP
Injective XMR/USDC PERP
Extended XMR-USD
HTX XMR-USDT
Aftermath Perps XMRUSD
dYdX XMR-USD