Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.3263%/8h= −357.3% APRpaid last 24h −0.455%

Price spread now: SunX against dYdX+0.020%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$585as in the Funding arb table

Net, price: spread back to 7d avg − costs−$460as in the Price arb table

costs, in and out, $10k−$4524.524% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.321%−$132 on $10k

Price spread, last 4 days (all we have)+0.194%+$19 · spread now +0.020%, 7d avg +0.097%

Together, before fees−1.127%−$113 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$98 a day on $10k at the current rate, and SunX is 0.077% cheaper against dYdX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.321% in total (about -68.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XMR-USD	567.50	0.3363	pay 0.0420% / 1h	51m 28s	$103K	$24K	5x
Short	SunX XMR-USDT	567.61	0.0100	get 0.0100% / 8h	4h 51m	$2K	$820K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$685.31
Price spread: +0.020% → +0.097%: −$7.68
Slippage, 4 orders: −$434.44
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1,145.43
Costs to cover: 4.524%
Break-even: never at this rate

Slippage from dYdX: live order book, 55 min ago; SunX: live order book, 14 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, 55 min ago	85.58 bp	91.1 bp −$91	91.1 bp −$911	131.4 bp −$13.1K	695.8 bp −$347.9K
Sell SunX live order book, 14 min ago	14.25 bp	23.2 bp −$23	doesn't fit	doesn't fit	doesn't fit

XMR on 31 exchanges

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 −0.0004%	1h	567.37	−0.022%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.653%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	569.53	+0.359%	$1.1M	$480K	10x	as long as short
SunX XMR-USDTshort	+0.0100%	8h	567.61	+0.020%	$2K	$820K	20x
HTX XMR-USDT	+0.0100%	8h	567.66	+0.029%	$1.0M	$892K	20x	as long as short
Lighter XMR	+0.0104%	1h	568.15	+0.115%	$3.0M	$4.5M	10x	as long as short
Extended XMR-USD	+0.0104%	1h	567.93	+0.076%	$3.1M	$6.0M	25x	as long as short
Aevo XMR-PERP	+0.0184%	1h	567.97	+0.083%	$11K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0191%	1h	567.97	+0.083%	$24K	$1.5M	5x	as long as short
Hyperliquid XMR	+0.0194%	1h	567.97	+0.083%	$86.5M	$49.6M	5x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0416%	8h	568.08	+0.103%	$656K	$1.1M	75x	as long as short
Binance XMRUSDT	+0.0419%	8h	568.22	+0.127%	$52.4M	$76.7M	75x	as long as short
MEXC XMR_USDT	+0.0422%	8h	568.29	+0.140%	$19.3M	$6.9M	100x	as long as short
SoDEX XMR-USD	+0.0460%	1h	568.27	+0.136%	$432K	$4K	5x	as long as short
Bybit XMRUSDT	+0.0469%	8h	568.05	+0.097%	$46.5M	$40.3M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0469%	1h	567.89	+0.069%	$161K	$415K	20x	as long as short
Pacifica XMR	+0.0527%	1h	568.30	+0.141%	$269K	$602K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0626%	8h	569.67	+0.383%	$336K	$715K	10x	as long as short
Gate XMR_USDT	+0.0647%	8h	568.36	+0.152%	$1.5M	$2.1M	50x	as long as short
Paradex XMR-USD-PERP	+0.0661%	8h	568.47	+0.172%	$8K	$1K	20x	as long as short
Nado XMR-PERP	+0.0675%	1h	568.23	+0.129%	$1.2M	$153K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0718%	1h	567.15	−0.061%	$5.4M	$6.0M	50x	as long as short
BloFin XMR-USDT	+0.0741%	8h	567.77	+0.048%	$2.7M	$8.9M	75x	as long as short
BingX XMR-USDT	+0.0745%	8h	568.97	+0.260%	—	$4.4M	—	as long as short
Bitget XMRUSDT	+0.0782%	8h	568.32	+0.145%	$9.1M	$8.5M	50x	as long as short
Variational Omni XMR	+0.0806%	8h	569.48	+0.350%	$6.1M	$2.1M	—	as long as short
KuCoin XMRUSDTM	+0.0826%	8h	567.69	+0.034%	$46.1M	$14.6M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1009% / S −0.1269%	1h	567.14	−0.063%	$621K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1048%	8h	568.03	+0.094%	$41K	$247K	10x	as long as short
Aftermath Perps XMRUSD	+0.1916%	1h	567.97	+0.083%	$1K	$36K	10x	as long as short
dYdX XMR-USDlong	+0.3363%	1h	567.50	long leg	$103K	$24K	5x