Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0976%/8h= +106.9% APRpaid last 24h +0.213%

Price spread now: dYdX against Bitget−0.444%53s7-day average −0.203% · you buy dearer than you sell

Net, funding: paid 7d − costs−$382as 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−$4654.650% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.830%+$83 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.444%, 7d avg −0.203%

Together, before fees+0.865%+$87 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.241% cheaper against Bitget than usual: you would sell low and buy high (spread −0.444% now, against its 7-day average of −0.203%). If the spread goes back, that is −$24 on $10k: about 20 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.830% in total) that is about 2.0 days. The two prices were read 53 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	Bitget XMRUSDT	597.92	0.0395	pay 0.0395% / 8h	1h 42m	$10.0M	$14.2M	50x
Short	dYdX XMR-USD	595.26	0.1371	get 0.0171% / 1h	42m 53s	$108K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now −0.444%Rate

Funding earned: $204.96
Price spread: −0.444% → −0.203%: −$24.13
Slippage, 4 orders: −$443
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$284.17
Costs to cover: 4.650%
Break-even: 16.7 days

Slippage from Bitget: live order book, 1 min ago; dYdX: live order book, 41 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 Bitget live order book, 1 min ago	5.02 bp	17.0 bp −$17	34.5 bp −$345	77.1 bp −$7,714	doesn't fit
Sell dYdX live order book, 41 min ago	8.36 bp	212.0 bp −$212	267.5 bp −$2,675	406.4 bp −$40.6K	953.1 bp −$476.6K

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	596.74	−0.197%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.82	−0.017%	$48.4M	$61.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.23	−0.282%	$1.1M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.33	−0.266%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.03	−0.149%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0246%	8h	597.79	−0.022%	$6.9M	$2.7M	—	as long as short
Binance XMRUSDT	+0.0327%	8h	597.65	−0.045%	$54.9M	$162.8M	75x	as long as short
MEXC XMR_USDT	+0.0329%	8h	597.74	−0.030%	$22.4M	$15.0M	100x	as long as short
BingX XMR-USDT	+0.0374%	8h	597.41	−0.085%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	596.71	−0.202%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	596.94	−0.164%	$271K	$1.0M	10x	as long as short
Bitget XMRUSDTlong	+0.0395%	8h	597.92	long leg	$10.0M	$14.2M	50x
BloFin XMR-USDT	+0.0469%	8h	597.73	−0.032%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0482%	8h	596.81	−0.186%	$1.6M	$4.5M	50x	as long as short
Aster XMRUSDT	+0.0526%	8h	597.19	−0.122%	$671K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0557%	8h	597.05	−0.146%	$48.8M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0593%	8h	595.66	−0.378%	$354K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−1.008%	$3K	$6K	12x	as long as short
Polymarket Perps XMR-USD	+0.0744%	1h	597.78	−0.023%	$23K	$1.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0823% / S −0.1341%	1h	596.43	−0.248%	$341K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0865%	8h	596.57	−0.225%	$8K	$4K	20x	as long as short
Lighter XMR	+0.0872%	1h	597.41	−0.084%	$3.5M	$6.7M	10x	as long as short
SoDEX XMR-USD	+0.0874%	1h	597.51	−0.069%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0910%	8h	597.04	−0.147%	$48K	$720K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0956%	1h	597.17	−0.125%	$203K	$575K	20x	as long as short
dYdX XMR-USDshort	+0.1371%	1h	595.26	−0.444%	$108K	$50K	5x
Nado XMR-PERP	+0.1577%	1h	597.36	−0.093%	$1.3M	$480K	10x	as long as short
Extended XMR-USD	+0.1760%	1h	597.74	−0.029%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1843%	1h	598.24	+0.054%	$88.6M	$67.5M	5x	as long as short
HTX XMR-USDT	+0.2120%	8h	594.96	−0.495%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2451%	1h	596.62	−0.218%	$2K	$47K	10x	as long as short