Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0792%/8h= −86.8% APRpaid last 24h −0.311%

Price spread now: edgeX against Backpack+0.078%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Backpack Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.306%−$131 on $10k

Price spread, last 3 days (all we have)+0.369%+$37 · spread now +0.078%, 7d avg +0.096%

Together, before fees−0.937%+ Points / potential airdropedgeX: Active · farm board−$94 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	594.02	0.0892	pay 0.0112% / 1h	50m 32s	$202K	$574K	20x
Short	edgeX XMRUSDC	594.48	0.0100	get 0.0050% / 4h	1h 50m	$1.1M	$666K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Backpack. 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 BackpackbpFee edgeXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$166.38
Price spread: +0.078% → +0.096%: −$1.82
Slippage, 4 orders: −$25.33
Fee Backpack: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$212.54
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Backpack: live order book, 33 min ago; edgeX: live order book, 3 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 Backpack live order book, 33 min ago	1.68 bp	6.7 bp −$7	23.8 bp −$238	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	10.76 bp	15.3 bp −$15	15.9 bp −$159	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	593.97	−0.009%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.16	+0.360%	$48.2M	$61.4M	75x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	594.48	+0.078%	$1.1M	$666K	10x
SunX XMR-USDT	+0.0100%	8h	594.06	+0.007%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	594.74	+0.121%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0250%	8h	595.91	+0.318%	$6.9M	$2.7M	—	as long as short
MEXC XMR_USDT	+0.0332%	8h	596.00	+0.333%	$22.6M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0332%	8h	596.19	+0.366%	$54.7M	$162.7M	75x	as long as short
BingX XMR-USDT	+0.0372%	8h	596.52	+0.421%	—	$5.8M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0383%	1h	593.72	−0.050%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	595.90	+0.317%	$270K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0391%	8h	596.38	+0.397%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0454%	8h	595.44	+0.239%	$1.6M	$4.5M	50x	as long as short
BloFin XMR-USDT	+0.0474%	8h	594.52	+0.084%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0528%	8h	595.36	+0.226%	$675K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0565%	8h	594.81	+0.133%	$48.6M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0590%	8h	595.53	+0.254%	$347K	$782K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.359%	$3K	$6K	12x	as long as short
Polymarket Perps XMR-USD	+0.0711%	1h	596.66	+0.444%	$23K	$1.8M	5x	as long as short
Lighter XMR	+0.0736%	1h	595.86	+0.310%	$3.5M	$6.7M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0822% / S −0.1343%	1h	593.61	−0.069%	$340K	—	100x	as long as short
SoDEX XMR-USD	+0.0829%	1h	594.68	+0.111%	$452K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0882%	8h	595.97	+0.328%	$8K	$4K	20x	as long as short
Backpack XMR_USDC_PERPlong	+0.0892%	1h	594.02	long leg	$202K	$574K	20x
Orderly PERP_XMR_USDC	+0.0893%	8h	594.57	+0.093%	$48K	$719K	10x	as long as short
dYdX XMR-USD	+0.1298%	1h	594.29	+0.045%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1672%	1h	596.27	+0.378%	$3.1M	$6.8M	25x	as long as short
Nado XMR-PERP	+0.1690%	1h	596.49	+0.415%	$1.3M	$479K	10x	as long as short
Hyperliquid XMR	+0.1937%	1h	597.37	+0.564%	$88.1M	$67.1M	5x	as long as short
HTX XMR-USDT	+0.2167%	8h	593.56	−0.077%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2463%	1h	594.83	+0.136%	$2K	$47K	10x	as long as short