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Fees, limits & timing
Every fee we charge, every limit, and what each step waits for. No spread hidden in the rate.
Bridge: XMR ↔ XMR2
1 XMR becomes 1 XMR2 on Hyperliquid. No spread, no deposit fee.
| Direction | Our fee | Limits | Waits for | Order window |
|---|---|---|---|---|
| Deposit · XMR → XMR2 | 0% | no minimum · no maximum | 5 Monero confirmations, about 10 minutes (10 from 200 XMR) | 120 minutes |
| Redemption · XMR2 → XMR | 1.0% | every redemption gets its own Hyperliquid address | your XMR2 transfer on Hyperliquid (seconds), then the Monero payout | 120 minutes |
Monero locks received funds for 10 blocks (about 20 minutes) before your wallet can spend them. That is a Monero rule and applies to every payout.
Selling XMR2 for USDC
Our standing bid on the XMR2/USDC spot market on Hyperliquid.
| Item | Amount | Charged by |
|---|---|---|
| Our bid | up to 1.0% over the XMR market price (median of Hyperliquid, KuCoin, Kraken and HTX); current premium live on the Bridge tab | you receive this |
| Spot trading fee | Hyperliquid's taker fee for your account tier | Hyperliquid |
| Activating a new address | 1 USDC, once | Hyperliquid |
| USDC withdrawal to Arbitrum | 1 USDC | Hyperliquid |
The bid's size is limited by our daily budget. The bridge shows what your amount fetches right now, next to the XMR/USDC and XMR1/USDC books.
Exchange
Send one coin, receive another at your own address. No account needed.
| Route | Our fee | Limits per order | Your deposit counts after |
|---|---|---|---|
| Bitcoin, Ethereum, Solana, USDC, USDT, DAI → Monero | 2% | $100 up to 5 BTC / 180 ETH / 4,400 SOL / 350,000 USDC or USDT (50,000 DAI) | Bitcoin: 1 confirmation (about 10 min) · Ethereum, USDC, USDT, DAI: about 3 min · Solana: under a minute |
| Monero → Bitcoin, Ethereum, Solana, USDC, USDT, DAI | 0% | $100 up to 650 XMR | 10 Monero confirmations (about 20 minutes) |
| Bitcoin, Ethereum, Solana, USDC, USDT or DAI → another coin of these (not stablecoin to stablecoin) | 0.5% | $100 up to 5 BTC / 180 ETH / 4,400 SOL / 350,000 USDC or USDT (50,000 DAI) | as above for the coin you send |
Payment window: 20 minutes after you create the order (a late payment is still processed). The fee applies to the market rate (Monero: the median of Hyperliquid, KuCoin, Kraken and HTX; other coins: the mean of Hyperliquid's oracle price and KuCoin's mid price); we only quote while the sources agree within 1%. For Bitcoin the final rate is set at the first confirmation of your deposit. On top you pay only your own deposit's network fee; coin-to-coin quotes already include the network's swap costs.
Next to Wagyu
The other Monero service on Hyperliquid: its published fees, and what its quotes actually cost.
| Beluga | Wagyu · stated fee | Wagyu · real cost | |
|---|---|---|---|
| Bitcoin → Monero | 2% | 2% | 2.1–3.2% |
| Monero → Bitcoin | 0% | 0% | 0.9–1.6% |
| Bitcoin or Solana → another coin (e.g. Bitcoin → Ethereum) | 0.5% | 0% | about 1.1% taken during the exchange |
| Bridge deposit | 0% | 0% | 0% |
| Bridge redemption | 1.0% | 2% | 2% |
| Selling the bridged token | standing bid, up to 1.0% over XMR/USDC | – | XMR1/USDC order book, historically -0.25 to -0.5% vs market |
| Reserves | public reserve proof, renewed every 5 minutes | not published | |
Stated fees: wagyu.xyz route table and bridge terms, November 2026. Real cost: what Wagyu's quotes deliver against the market price for $500, $5,000 and $50,000 orders (2 November 2026; small orders cost the most), and for coin-to-coin routes what real orders delivered compared with Wagyu's quote, which shows 0% (November 2026). The widget on the home page fetches Wagyu's live quote for your exact amount.
How it works
The steps behind each product are in How it works, with step-by-step guides for the exchange, the bridge, selling XMR2 and redeeming.