Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h −0.004%

Price spread now: Lighter against BingX−0.094%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.094%, 7d avg −0.030%

Together, before fees+0.228%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.063% cheaper against BingX than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of −0.030%). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.167% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XMR-USDT	596.91	0.0394	pay 0.0394% / 8h	1h 22m	—	$5.7M	—
Short	Lighter XMR	596.35	0.0592	get 0.0074% / 1h	22m 14s	$3.4M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.094%Rate

Funding earned: $41.58
Price spread: −0.094% → −0.030%: −$6.34
Slippage, 4 orders: −$30.72
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.48
Costs to cover: 0.407%
Break-even: 7.9 days

Slippage from BingX: live order book, 3 min ago; Lighter: live order book, 6 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, 3 min ago	0.58 bp	11.2 bp −$11	24.0 bp −$240	110.5 bp −$11.1K	749.5 bp −$374.7K
Sell Lighter live order book, 6 min ago	2.89 bp	7.4 bp −$7	16.3 bp −$163	133.9 bp −$13.4K	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	595.66	−0.210%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.77	−0.023%	$48.4M	$61.7M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.29	+0.064%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.17	−0.124%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	596.79	−0.019%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0282%	8h	597.79	+0.147%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0333%	8h	596.88	−0.005%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0333%	8h	596.87	−0.007%	$54.7M	$163.1M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	595.76	−0.192%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	595.88	−0.172%	$270K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDTlong	+0.0394%	8h	596.91	long leg	—	$5.7M	—
Bitget XMRUSDT	+0.0414%	8h	596.38	−0.089%	$9.9M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0469%	8h	597.41	+0.084%	$2.8M	$11.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0539%	8h	596.33	−0.097%	$48.6M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0544%	8h	596.08	−0.139%	$679K	$2.4M	75x	as long as short
Gate XMR_USDT	+0.0545%	8h	595.43	−0.248%	$1.7M	$4.6M	50x	as long as short
Lighter XMRshort	+0.0592%	1h	596.35	−0.094%	$3.4M	$6.9M	10x
GRVT XMR_USDT_Perp	+0.0603%	8h	597.88	+0.163%	$355K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.025%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0808% / S −0.1288%	1h	595.44	−0.247%	$330K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0870%	8h	595.86	−0.175%	$8K	$4K	20x	as long as short
Polymarket Perps XMR-USD	+0.0872%	1h	596.40	−0.085%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USD	+0.0917%	1h	596.69	−0.037%	$453K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0944%	8h	596.61	−0.050%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0985%	1h	596.30	−0.102%	$203K	$575K	20x	as long as short
Nado XMR-PERP	+0.1379%	1h	596.12	−0.132%	$1.3M	$482K	10x	as long as short
dYdX XMR-USD	+0.1773%	1h	594.45	−0.412%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1880%	1h	596.76	−0.025%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1956%	1h	596.95	+0.007%	$88.8M	$68.6M	5x	as long as short
HTX XMR-USDT	+0.1982%	8h	595.19	−0.288%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2443%	1h	596.70	−0.035%	$2K	$47K	10x	as long as short