Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0497%/8h= −54.4% APRpaid last 24h −0.352%

Price spread now: edgeX against dYdX−0.290%111s7-day average +0.213% · you buy dearer than you sell

Net, funding: paid 7d − costs−$648as 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−$5395.390% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.086%−$109 on $10k

Price spread, last 3 days (all we have)+1.136%+$114 · spread now −0.290%, 7d avg +0.213%

Together, before fees+0.051%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and edgeX is 0.504% cheaper against dYdX than usual: you would sell low and buy high (−$50 if the spread goes back to its 7-day average of +0.213%). Swap the legs. The two prices were read 111 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	dYdX XMR-USD	596.03	0.0597	pay 0.0075% / 1h	23m 41s	$108K	$50K	5x
Short	edgeX XMRUSDC	594.30	0.0100	get 0.0050% / 4h	2h 23m	$1.1M	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against dYdX. 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 dYdXbpFee edgeXbpOrdersPrice spread, now −0.290%Rate

Funding earned: −$104.31
Price spread: −0.290% → +0.213%: −$50.36
Slippage, 4 orders: −$519.99
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$693.65
Costs to cover: 5.390%
Break-even: never at this rate

Slippage from dYdX: live order book, 65 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 dYdX live order book, 65 min ago	31.79 bp	181.3 bp −$181	203.9 bp −$2,039	367.3 bp −$36.7K	1288.3 bp −$644.2K
Sell edgeX live order book, 5 min ago	10.94 bp	15.5 bp −$16	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	593.74	−0.384%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.695%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.41	+0.064%	$47.9M	$61.0M	75x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	594.30	−0.290%	$1.1M	$671K	10x
SunX XMR-USDT	+0.0100%	8h	593.91	−0.356%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	594.70	−0.224%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0184%	1h	594.95	−0.181%	$202K	$575K	20x	as long as short
Variational Omni XMR	+0.0280%	8h	593.48	−0.427%	$6.9M	$2.8M	—	as long as short
Lighter XMR	+0.0296%	1h	596.38	+0.059%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USD	+0.0300%	1h	594.62	−0.237%	$30K	$1.8M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0355%	8h	596.54	+0.086%	$22.7M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0356%	8h	596.54	+0.086%	$54.7M	$162.3M	75x	as long as short
BingX XMR-USDT	+0.0372%	8h	596.48	+0.075%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0388%	8h	596.62	+0.099%	$10.0M	$14.1M	50x	as long as short
Gate XMR_USDT	+0.0392%	8h	595.64	−0.065%	$1.6M	$4.5M	50x	as long as short
SoDEX XMR-USD	+0.0440%	1h	595.44	−0.099%	$453K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0511%	8h	593.51	−0.423%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0542%	8h	595.88	−0.026%	$675K	$2.3M	75x	as long as short
dYdX XMR-USDlong	+0.0597%	1h	596.03	long leg	$108K	$50K	5x
KuCoin XMRUSDTM	+0.0601%	8h	595.91	−0.020%	$49.5M	$25.4M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0612%	1h	594.46	−0.263%	$5.7M	$20.4M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0612%	8h	592.89	−0.528%	$348K	$782K	10x	as long as short
Pacifica XMR	+0.0619%	1h	596.67	+0.108%	$270K	$1.0M	10x	as long as short
Paradex XMR-USD-PERP	+0.0770%	8h	596.71	+0.114%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0862% / S −0.1487%	1h	593.79	−0.377%	$368K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0892%	8h	595.16	−0.146%	$48K	$724K	10x	as long as short
Nado XMR-PERP	+0.0922%	1h	594.53	−0.251%	$1.3M	$478K	10x	as long as short
Extended XMR-USD	+0.1200%	1h	596.24	+0.036%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1634%	1h	597.44	+0.237%	$87.3M	$66.0M	5x	as long as short
HTX XMR-USDT	+0.2265%	8h	592.95	−0.517%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2343%	1h	594.58	−0.244%	$2K	$47K	10x	as long as short