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

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0714%/8h= +78.1% APRnext payment +$0.89 per $10,000 · paid last 24h +0.067%
Price spread now: Hyperliquid against Lighter+0.035%7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 7 days−0.004%$0 · spread now +0.035%, 7d avg −0.002%
Together, before fees−0.028%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.037% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 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
LongLighter XMR588.340.1168pay 0.0146% / 1h5m 34s$3.3M$7.2M10x
ShortHyperliquid XMR588.540.1882get 0.0235% / 1h5m 34s$89.3M$72.7M5x

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

Funding earned
$149.84
Price spread: +0.035% → −0.002%
$3.67
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$144.5
Costs to cover
0.090%
Break-even
0.2 days
Slippage unknown: Lighter: live order book, 8 min ago; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 8 min ago2.36 bp4.6 bp −$512.4 bp −$124142.0 bp −$14.2Kdoesn't fit
Sell Hyperliquid live order book, 8 min ago1.70 bp9.3 bp −$9doesn'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 −0.0009%1h586.78−0.265%$34K150xas long as short
Injective XMR/USDC PERP+0.0033%1h596.76+1.432%$3K$4K12xas long as short
edgeX XMRUSDC+0.0100%4h588.69+0.061%$1.0M$662K10xas long as short
SunX XMR-USDT+0.0100%8h587.22−0.190%$2K$2.0M20xas long as short
HTX XMR-USDT+0.0100%8h587.39−0.161%$1.1M$1.6M20xas long as short
dYdX XMR-USD+0.0122%1h587.24−0.186%$106K$50K5xas long as short
Aevo XMR-PERP+0.0192%1h588.00−0.056%$12K3xas long as short
Binance XMRUSDT+0.0437%8h588.28−0.009%$53.7M$167.0M75xas long as short
MEXC XMR_USDT+0.0438%8h588.27−0.011%$21.3M$15.3M100xas long as short
Bitget XMRUSDT+0.0564%8h588.52+0.031%$9.7M$14.4M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XMRUSDT+0.0632%8h588.00−0.057%$652K$2.5M75xas long as short
Gate XMR_USDT+0.0632%8h587.69−0.110%$1.6M$4.7M50xas long as short
BloFin XMR-USDT+0.0635%8h588.76+0.072%$2.7M$11.5M75xas long as short
Kraken Futures PF_XMRUSD+0.0648%1h586.80−0.262%$5.6M$20.5M50xas long as short
Pacifica XMR+0.0659%1h588.51+0.029%$270K$1.1M10xas long as short
KuCoin XMRUSDTM+0.0726%8h588.08−0.043%$48.2M$26.0M50xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.0871% / S −0.2461%1h586.77−0.266%$547K100xas long as short
Variational Omni XMR+0.0927%8h587.94−0.068%$6.7M$2.6Mas long as short
GRVT XMR_USDT_Perp+0.0953%8h588.84+0.086%$348K$792K10xas long as short
Backpack XMR_USDC_PERP+0.0989%1h587.21−0.191%$184K$535K20xas long as short
Orderly PERP_XMR_USDC+0.1043%8h587.72−0.105%$43K$735K10xas long as short
Polymarket Perps XMR-USD+0.1106%1h588.16−0.030%$48K$1.9M5xas long as short
Lighter XMRlong+0.1168%1h588.34long leg$3.3M$7.2M10x
BingX XMR-USDT+0.1172%8h588.31−0.004%$5.8Mas long as short
Bybit XMRUSDT+0.1193%8h588.21−0.021%$47.3M$64.6M75xas long as short
Paradex XMR-USD-PERP+0.1265%8h588.29−0.008%$8K$4K20xas long as short
SoDEX XMR-USD+0.1282%1h587.91−0.072%$447K$3K5xas long as short
Nado XMR-PERP+0.1377%1h588.49+0.026%$1.3M$464K10xas long as short
Hyperliquid XMRshort+0.1882%1h588.54+0.035%$89.3M$72.7M5x
Extended XMR-USD+0.2408%1h588.16−0.029%$3.1M$8.0M25xas long as short
Aftermath Perps XMRUSD+0.2642%1h587.96−0.063%$1K$46K10xas long as short