Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h −0.233%

Price spread now: MEXC against dYdX+0.303%7-day average +0.213% · you sell dearer than you buy

Net, funding: paid 7d − costs−$377as in the Funding arb table

Net, price: spread back to 7d avg − costs−$291as in the Price arb table

costs, in and out, $10k−$3003.002% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.769%−$77 on $10k

Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.303%, 7d avg +0.213%

Together, before fees−1.039%−$104 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and MEXC is 0.090% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.213%. Mind the row above: over the last 7 days funding on this pair cost −0.769%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XMR-USD	582.27	0.0323	pay 0.0040% / 1h	31m 28s	$105K	$50K	5x
Short	MEXC XMR_USDT	584.04	0.0519	get 0.0519% / 8h	5h 31m	$20.7M	$15.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.303%Rate

Funding earned: $41.15
Price spread: +0.303% → +0.213%: $9.03
Slippage, 4 orders: −$286.19
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$250.02
Costs to cover: 3.002%
Break-even: 49.5 days

Slippage from dYdX: live order book, 32 min ago; MEXC: live order book, 2 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, 32 min ago	74.57 bp	89.0 bp −$89	90.0 bp −$900	267.6 bp −$26.8K	1122.4 bp −$561.2K
Sell MEXC live order book, 2 min ago	0.09 bp	18.4 bp −$18	32.3 bp −$323	83.6 bp −$8,364	238.5 bp −$119.2K

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	582.63	+0.060%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.047%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.28	+0.173%	$1.0M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.81	+0.092%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	582.76	+0.084%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.84	+0.270%	$12K	—	3x	as long as short
dYdX XMR-USDlong	+0.0323%	1h	582.27	long leg	$105K	$50K	5x
Polymarket Perps XMR-USD	+0.0459%	1h	583.64	+0.235%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDTshort	+0.0519%	8h	584.04	+0.303%	$20.7M	$15.2M	100x
Binance XMRUSDT	+0.0520%	8h	583.95	+0.288%	$53.2M	$166.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0568%	1h	583.61	+0.229%	$3.3M	$7.1M	10x	as long as short
Gate XMR_USDT	+0.0586%	8h	583.29	+0.175%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0600%	8h	583.40	+0.193%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0608%	8h	584.13	+0.319%	$9.6M	$14.2M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0618%	1h	582.95	+0.116%	$171K	$538K	20x	as long as short
Bybit XMRUSDT	+0.0633%	8h	583.71	+0.247%	$47.4M	$64.4M	75x	as long as short
Aster XMRUSDT	+0.0717%	8h	583.63	+0.233%	$649K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0776%	8h	583.19	+0.157%	$47.9M	$26.1M	50x	as long as short
BloFin XMR-USDT	+0.0793%	8h	583.85	+0.271%	$2.7M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0959%	1h	581.77	−0.086%	$5.5M	$19.6M	50x	as long as short
Paradex XMR-USD-PERP	+0.0984%	8h	583.68	+0.242%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0987%	1h	584.14	+0.321%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	583.87	+0.274%	$265K	$1.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0997%	8h	583.75	+0.253%	$346K	$766K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1023% / S −0.1367%	1h	582.66	+0.066%	$650K	—	100x	as long as short
Variational Omni XMR	+0.1083%	8h	582.84	+0.098%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1105%	8h	583.72	+0.248%	$42K	$734K	10x	as long as short
Hyperliquid XMR	+0.1141%	1h	583.98	+0.293%	$87.8M	$71.6M	5x	as long as short
Extended XMR-USD	+0.1264%	1h	583.83	+0.267%	$3.1M	$8.0M	25x	as long as short
SoDEX XMR-USD	+0.1329%	1h	583.54	+0.218%	$443K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.2567%	1h	583.08	+0.138%	$2K	$45K	10x	as long as short