Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.183%

Price spread now: edgeX against Binance−0.196%110s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as 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−$550.551% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.364%−$36 on $10k

Price spread, last 3 days (all we have)+0.627%+$63 · spread now −0.196%, 7d avg +0.020%

Together, before fees+0.263%+ Points / potential airdropedgeX: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.216% cheaper against Binance than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 110 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	601.76	0.0333	pay 0.0333% / 8h	53m 36s	$55.1M	$163.8M	75x
Short	edgeX XMRUSDC	600.58	0.0100	get 0.0050% / 4h	53m 36s	$1.1M	$664K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$48.83
Price spread: −0.196% → +0.020%: −$21.6
Slippage, 4 orders: −$36.06
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$125.49
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; edgeX: live order book, just now.

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, 5 min ago	0.08 bp	12.4 bp −$12	21.3 bp −$213	doesn't fit	doesn't fit
Sell edgeX live order book, just now	10.55 bp	15.0 bp −$15	15.8 bp −$158	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	600.54	−0.203%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	602.08	+0.053%	$49.0M	$62.6M	75x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	600.58	−0.196%	$1.1M	$664K	10x
SunX XMR-USDT	+0.0100%	8h	601.00	−0.126%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	601.33	−0.071%	$12K	—	3x	as long as short
Lighter XMR	+0.0264%	1h	601.41	−0.058%	$3.4M	$6.9M	10x	as long as short
Binance XMRUSDTlong	+0.0333%	8h	601.76	long leg	$55.1M	$163.8M	75x
MEXC XMR_USDT	+0.0334%	8h	601.77	+0.002%	$22.5M	$14.9M	100x	as long as short
Variational Omni XMR	+0.0369%	8h	602.00	+0.041%	$7.0M	$2.5M	—	as long as short
BingX XMR-USDT	+0.0401%	8h	601.60	−0.027%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0426%	8h	602.02	+0.043%	$10.1M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0458%	1h	600.31	−0.240%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0461%	8h	601.64	−0.020%	$2.8M	$11.7M	75x	as long as short
Gate XMR_USDT	+0.0540%	8h	601.01	−0.125%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	601.73	−0.005%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0578%	8h	601.06	−0.116%	$49.1M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0586%	8h	601.70	−0.010%	$694K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0610%	8h	601.80	+0.007%	$351K	$797K	10x	as long as short
SoDEX XMR-USD	+0.0677%	1h	601.63	−0.022%	$457K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.0689%	1h	601.68	−0.013%	$23K	$1.8M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0790%	1h	600.70	−0.176%	$205K	$575K	20x	as long as short
Paradex XMR-USD-PERP	+0.0872%	8h	601.87	+0.019%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0891% / S −0.2423%	1h	600.29	−0.244%	$553K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0957%	8h	601.60	−0.027%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1207%	1h	601.44	−0.054%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.831%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1523%	1h	602.10	+0.057%	$90.6M	$69.9M	5x	as long as short
Extended XMR-USD	+0.1832%	1h	601.65	−0.019%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1974%	8h	599.38	−0.396%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2325%	1h	600.60	−0.193%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.3065%	1h	600.96	−0.133%	$109K	$50K	5x	as long as short