Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0317%/8h= −34.7% APRpaid last 24h +0.043%

Price spread now: Lighter against Bitget−0.063%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$440.444% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.283%+$28 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.063%, 7d avg −0.032%

Together, before fees+0.295%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter is 0.031% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.032%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.283%, 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	Bitget XMRUSDT	597.88	0.0437	pay 0.0437% / 8h	29m 13s	$9.9M	$14.4M	50x
Short	Lighter XMR	597.51	0.0120	get 0.0015% / 1h	29m 13s	$3.4M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$66.57
Price spread: −0.063% → −0.032%: −$3.06
Slippage, 4 orders: −$32.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$114.08
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 4 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, 4 min ago	0.92 bp	13.3 bp −$13	30.3 bp −$303	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	2.68 bp	6.9 bp −$7	15.9 bp −$159	144.2 bp −$14.4K	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	596.79	−0.182%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.75	−0.022%	$49.0M	$63.2M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	599.52	+0.275%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.05	−0.139%	$2K	$2.0M	20x	as long as short
Lighter XMRshort	+0.0120%	1h	597.51	−0.063%	$3.4M	$6.9M	10x
Aevo XMR-PERP	+0.0160%	1h	597.94	+0.010%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0203%	1h	596.92	−0.161%	$203K	$575K	20x	as long as short
Binance XMRUSDT	+0.0313%	8h	597.81	−0.012%	$54.7M	$164.4M	75x	as long as short
MEXC XMR_USDT	+0.0317%	8h	597.64	−0.040%	$22.2M	$15.0M	100x	as long as short
BingX XMR-USDT	+0.0411%	8h	597.70	−0.030%	—	$5.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDTlong	+0.0437%	8h	597.88	long leg	$9.9M	$14.4M	50x
BloFin XMR-USDT	+0.0441%	8h	598.04	+0.027%	$2.8M	$11.7M	75x	as long as short
Variational Omni XMR	+0.0455%	8h	598.91	+0.172%	$6.9M	$2.6M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0461%	1h	596.51	−0.228%	$5.7M	$20.5M	50x	as long as short
Gate XMR_USDT	+0.0491%	8h	597.55	−0.055%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	598.67	+0.132%	$281K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0567%	8h	597.20	−0.114%	$48.8M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0588%	8h	597.98	+0.017%	$681K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0594%	8h	598.53	+0.109%	$351K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0694%	1h	597.86	−0.003%	$22K	$1.7M	5x	as long as short
SoDEX XMR-USD	+0.0743%	1h	597.85	−0.005%	$454K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0840%	8h	598.12	+0.040%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0880% / S −0.2482%	1h	596.87	−0.169%	$561K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0948%	8h	597.70	−0.030%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1168%	1h	598.34	+0.076%	$1.3M	$476K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.187%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1662%	1h	598.01	+0.022%	$90.4M	$70.7M	5x	as long as short
Extended XMR-USD	+0.1768%	1h	597.77	−0.019%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1968%	8h	597.00	−0.147%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2282%	1h	598.03	+0.025%	$2K	$46K	10x	as long as short
dYdX XMR-USD	+0.2550%	1h	597.69	−0.032%	$109K	$50K	5x	as long as short