Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0512%/8h= −56.1% APRpaid last 24h −0.130%

Price spread now: edgeX against Bitget+0.070%104s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as 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−$670.669% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.070%, 7d avg −0.012%

Together, before fees−0.414%+ Points / potential airdropedgeX: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.082% dearer against Bitget than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.012%): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.266% in total) that is about 2.1 days. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.266% in total (about -13.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XMRUSDT	582.45	0.0612	pay 0.0612% / 8h	5h 43m	$9.5M	$14.1M	50x
Short	edgeX XMRUSDC	582.86	0.0100	get 0.0050% / 4h	1h 43m	$1.0M	$663K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$107.52
Price spread: +0.070% → −0.012%: $8.16
Slippage, 4 orders: −$45.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$166.23
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; edgeX: live order book, 5 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, 5 min ago	2.92 bp	17.2 bp −$17	24.9 bp −$249	98.4 bp −$9,842	doesn't fit
Sell edgeX live order book, 5 min ago	10.30 bp	14.8 bp −$15	15.6 bp −$156	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 −0.0010%	1h	581.55	−0.155%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.457%	$3K	$4K	12x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	582.86	+0.070%	$1.0M	$663K	10x
SunX XMR-USDT	+0.0100%	8h	581.87	−0.100%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.00	−0.249%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	582.83	+0.066%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0421%	1h	582.36	−0.015%	$31K	$2.1M	5x	as long as short
dYdX XMR-USD	+0.0430%	1h	581.17	−0.220%	$105K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0513%	8h	583.02	+0.098%	$20.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0513%	8h	583.02	+0.098%	$53.1M	$166.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XMR_USDC_PERP	+0.0521%	1h	582.23	−0.038%	$171K	$539K	20x	as long as short
Lighter XMR	+0.0544%	1h	582.48	+0.006%	$3.3M	$7.1M	10x	as long as short
Bitget XMRUSDTlong	+0.0612%	8h	582.45	long leg	$9.5M	$14.1M	50x
Gate XMR_USDT	+0.0625%	8h	581.96	−0.084%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0671%	8h	583.25	+0.137%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0672%	8h	582.86	+0.070%	$47.3M	$64.8M	75x	as long as short
Aster XMRUSDT	+0.0699%	8h	582.26	−0.032%	$649K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0773%	8h	582.17	−0.048%	$47.8M	$26.1M	50x	as long as short
BloFin XMR-USDT	+0.0793%	8h	582.78	+0.057%	—	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0959%	1h	581.64	−0.138%	$5.5M	$19.7M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0982%	8h	581.71	−0.127%	$344K	$786K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0993% / S −0.1299%	1h	581.19	−0.216%	$648K	—	100x	as long as short
Pacifica XMR	+0.0996%	1h	582.72	+0.046%	$263K	$1.1M	10x	as long as short
Nado XMR-PERP	+0.1001%	1h	582.32	−0.022%	$1.3M	$463K	10x	as long as short
Paradex XMR-USD-PERP	+0.1031%	8h	582.38	−0.012%	$8K	$4K	20x	as long as short
Variational Omni XMR	+0.1069%	8h	581.83	−0.106%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1087%	8h	582.62	+0.029%	$42K	$736K	10x	as long as short
Hyperliquid XMR	+0.1124%	1h	582.67	+0.038%	$87.6M	$71.9M	5x	as long as short
SoDEX XMR-USD	+0.1290%	1h	582.83	+0.065%	$443K	$3K	5x	as long as short
Extended XMR-USD	+0.1432%	1h	582.79	+0.058%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2614%	1h	582.67	+0.038%	$1K	$46K	10x	as long as short