Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h +0.230%

Price spread now: dYdX against Binance−0.330%49s7-day average −0.209% · you buy dearer than you sell

Net, funding: paid 7d − costs−$289as 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−$3683.676% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.783%+$78 on $10k

Price spread, last 4 days (all we have)−0.125%−$12 · spread now −0.330%, 7d avg −0.209%

Together, before fees+0.658%+$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and dYdX is 0.121% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.209%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.783%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XMRUSDT	576.43	0.0626	pay 0.0626% / 8h	2h 17m	$52.7M	$160.6M	75x
Short	dYdX XMR-USD	574.53	0.0345	get 0.0043% / 1h	17m 50s	$104K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.330%Rate

Funding earned: −$58.89
Price spread: −0.330% → −0.209%: −$12.14
Slippage, 4 orders: −$347.63
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$438.66
Costs to cover: 3.676%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; dYdX: live order book, 31 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 Binance live order book, 10 min ago	0.09 bp	9.9 bp −$10	26.3 bp −$263	doesn't fit	doesn't fit
Sell dYdX live order book, 31 min ago	85.26 bp	246.9 bp −$247	270.5 bp −$2,705	429.5 bp −$42.9K	1160.4 bp −$580.2K

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	575.08	−0.234%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.062%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.74	−0.120%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.51	−0.160%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.00	−0.248%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	576.44	+0.002%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0323%	8h	575.78	−0.113%	$45.3M	$26.2M	50x	as long as short
dYdX XMR-USDshort	+0.0345%	1h	574.53	−0.330%	$104K	$44K	5x
Bitget XMRUSDT	+0.0580%	8h	576.23	−0.035%	$9.5M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0625%	8h	576.41	−0.003%	$20.0M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDTlong	+0.0626%	8h	576.43	long leg	$52.7M	$160.6M	75x
Gate XMR_USDT	+0.0663%	8h	575.48	−0.165%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0664%	1h	576.00	−0.075%	$27K	$2.1M	5x	as long as short
BingX XMR-USDT	+0.0672%	8h	576.31	−0.021%	—	$5.6M	—	as long as short
Extended XMR-USD	+0.0704%	1h	576.03	−0.069%	$3.0M	$8.2M	25x	as long as short
Bybit XMRUSDT	+0.0706%	8h	576.23	−0.035%	$46.6M	$64.0M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0744%	1h	575.07	−0.237%	$5.4M	$19.0M	50x	as long as short
Aster XMRUSDT	+0.0783%	8h	575.91	−0.090%	$648K	$2.2M	75x	as long as short
Lighter XMR	+0.0880%	1h	576.03	−0.069%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0893%	8h	575.34	−0.189%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	575.42	−0.175%	$266K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1016%	8h	575.49	−0.163%	$346K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1030%	8h	575.88	−0.095%	$2.7M	$11.2M	75x	as long as short
Hyperliquid XMR	+0.1060%	1h	576.15	−0.049%	$86.9M	$70.9M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1085% / S −0.1451%	1h	574.85	−0.274%	$595K	—	100x	as long as short
Variational Omni XMR	+0.1174%	8h	575.62	−0.140%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1193%	8h	575.96	−0.082%	$40K	$676K	10x	as long as short
Nado XMR-PERP	+0.1244%	1h	576.08	−0.061%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USD	+0.1317%	1h	576.21	−0.038%	$438K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1415%	1h	575.84	−0.102%	$169K	$532K	20x	as long as short
Aftermath Perps XMRUSD	+0.2041%	1h	574.91	−0.264%	$2K	$42K	10x	as long as short