Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h −0.189%

Price spread now: edgeX against BingX−0.259%85s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as 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−$510.505% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.379%−$38 on $10k

Price spread, last 3 days (all we have)+0.682%+$68 · spread now −0.259%, 7d avg +0.006%

Together, before fees+0.303%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and edgeX is 0.265% cheaper against BingX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 85 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	BingX XMR-USDT	602.16	0.0401	pay 0.0401% / 8h	55m 57s	—	$5.7M	—
Short	edgeX XMRUSDC	600.60	0.0100	get 0.0050% / 4h	55m 57s	$1.1M	$664K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.259%Rate

Funding earned: −$63.21
Price spread: −0.259% → +0.006%: −$26.47
Slippage, 4 orders: −$31.51
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$140.19
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago	0.58 bp	11.6 bp −$12	19.2 bp −$192	108.2 bp −$10.8K	753.2 bp −$376.6K
Sell edgeX live order book, 3 min ago	10.16 bp	14.7 bp −$15	16.6 bp −$166	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	601.16	−0.167%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	602.34	+0.030%	$49.0M	$62.5M	75x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	600.60	−0.259%	$1.1M	$664K	10x
SunX XMR-USDT	+0.0100%	8h	601.44	−0.120%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	601.89	−0.046%	$12K	—	3x	as long as short
Lighter XMR	+0.0192%	1h	601.82	−0.056%	$3.4M	$6.9M	10x	as long as short
Binance XMRUSDT	+0.0327%	8h	602.18	+0.003%	$55.1M	$163.7M	75x	as long as short
MEXC XMR_USDT	+0.0327%	8h	602.24	+0.013%	$22.5M	$14.9M	100x	as long as short
Variational Omni XMR	+0.0347%	8h	599.64	−0.418%	$6.9M	$2.5M	—	as long as short
BingX XMR-USDTlong	+0.0401%	8h	602.16	long leg	—	$5.7M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0425%	8h	602.52	+0.060%	$10.1M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0457%	1h	601.20	−0.159%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0460%	8h	600.02	−0.355%	$2.8M	$11.6M	75x	as long as short
Gate XMR_USDT	+0.0545%	8h	601.67	−0.081%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	602.17	+0.001%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0579%	8h	601.76	−0.066%	$49.2M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0579%	8h	601.90	−0.044%	$694K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0610%	8h	600.14	−0.335%	$350K	$797K	10x	as long as short
Polymarket Perps XMR-USD	+0.0662%	1h	602.29	+0.022%	$23K	$1.8M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0723%	1h	601.64	−0.086%	$205K	$575K	20x	as long as short
SoDEX XMR-USD	+0.0773%	1h	602.06	−0.017%	$458K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0862%	8h	601.89	−0.044%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2391%	1h	600.95	−0.200%	$547K	—	100x	as long as short
Nado XMR-PERP	+0.0953%	1h	601.84	−0.054%	$1.3M	$475K	10x	as long as short
Orderly PERP_XMR_USDC	+0.0958%	8h	601.74	−0.070%	$44K	$729K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.897%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1662%	1h	602.63	+0.078%	$90.7M	$69.9M	5x	as long as short
Extended XMR-USD	+0.1808%	1h	602.10	−0.010%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1957%	8h	599.37	−0.463%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2328%	1h	599.96	−0.365%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2559%	1h	599.91	−0.374%	$109K	$50K	5x	as long as short