Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h +0.214%

Price spread now: dYdX against BingX−0.372%7-day average −0.218% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$326as in the Price arb table

costs, in and out, $10k−$3113.109% of the position

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.740%+$74 on $10k

Price spread, last 4 days (all we have)+0.357%+$36 · spread now −0.372%, 7d avg −0.218%

Together, before fees+1.098%+$110 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 0.154% cheaper against BingX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.218%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.740%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XMR-USDT	583.32	0.0639	pay 0.0639% / 8h	5h 40m	—	$5.7M	—
Short	dYdX XMR-USD	581.15	0.0386	get 0.0048% / 1h	40m 46s	$105K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now −0.372%Rate

Funding earned: −$53.2
Price spread: −0.372% → −0.218%: −$15.44
Slippage, 4 orders: −$290.88
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$379.52
Costs to cover: 3.109%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; dYdX: live order book, 23 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 BingX live order book, 9 min ago	1.54 bp	15.9 bp −$16	29.2 bp −$292	119.1 bp −$11.9K	doesn't fit
Sell dYdX live order book, 23 min ago	74.57 bp	189.4 bp −$189	201.1 bp −$2,011	319.5 bp −$32.0K	722.3 bp −$361.2K

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 −0.0010%	1h	580.84	−0.425%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.304%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.21	−0.018%	$1.0M	$656K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	581.47	−0.317%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.68	−0.281%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	582.26	−0.183%	$12K	—	3x	as long as short
dYdX XMR-USDshort	+0.0386%	1h	581.15	−0.372%	$105K	$50K	5x
Polymarket Perps XMR-USD	+0.0494%	1h	582.01	−0.225%	$31K	$2.1M	5x	as long as short
Binance XMRUSDT	+0.0517%	8h	582.60	−0.124%	$53.1M	$166.7M	75x	as long as short
MEXC XMR_USDT	+0.0518%	8h	582.43	−0.153%	$20.7M	$15.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0560%	1h	582.10	−0.209%	$3.3M	$7.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0590%	1h	581.50	−0.312%	$170K	$539K	20x	as long as short
Bitget XMRUSDT	+0.0615%	8h	582.78	−0.093%	$9.5M	$14.1M	50x	as long as short
Gate XMR_USDT	+0.0629%	8h	582.10	−0.209%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDTlong	+0.0639%	8h	583.32	long leg	—	$5.7M	—
Bybit XMRUSDT	+0.0669%	8h	583.00	−0.055%	$47.3M	$64.8M	75x	as long as short
Aster XMRUSDT	+0.0707%	8h	581.99	−0.228%	$649K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0782%	8h	581.91	−0.242%	$47.8M	$26.1M	50x	as long as short
BloFin XMR-USDT	+0.0789%	8h	582.65	−0.115%	$2.8M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0960%	1h	581.05	−0.390%	$5.5M	$19.7M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0995% / S −0.1304%	1h	580.91	−0.413%	$648K	—	100x	as long as short
Pacifica XMR	+0.0996%	1h	582.52	−0.138%	$263K	$1.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0998%	8h	583.48	+0.027%	$345K	$766K	10x	as long as short
Paradex XMR-USD-PERP	+0.1001%	8h	582.55	−0.132%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1053%	1h	582.24	−0.186%	$1.3M	$463K	10x	as long as short
Variational Omni XMR	+0.1074%	8h	582.21	−0.190%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1092%	8h	582.13	−0.204%	$42K	$736K	10x	as long as short
Hyperliquid XMR	+0.1180%	1h	582.29	−0.176%	$87.6M	$71.9M	5x	as long as short
SoDEX XMR-USD	+0.1341%	1h	582.25	−0.183%	$443K	$3K	5x	as long as short
Extended XMR-USD	+0.1416%	1h	583.00	−0.055%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2607%	1h	582.03	−0.222%	$1K	$46K	10x	as long as short