Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.064%

Price spread now: Bybit against edgeX−0.133%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

Price spread, last 3 days (all we have)−0.306%−$31 · spread now −0.133%, 7d avg −0.034%

Together, before fees−0.171%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.099% cheaper against edgeX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XMRUSDC	591.47	0.0100	pay 0.0050% / 4h	2h 45m	$1.1M	$674K	10x
Short	Bybit XMRUSDT	590.68	0.0100	get 0.0100% / 8h	2h 45m	$47.2M	$60.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.034%: −$9.91
Slippage, 4 orders: −$28.17
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.08
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Bybit: 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 edgeX live order book, 4 min ago	10.13 bp	14.6 bp −$15	15.4 bp −$154	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.01 bp	9.0 bp −$9	28.1 bp −$281	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	590.48	−0.167%	$45K	—	150x	as long as short
dYdX XMR-USD	+0.0012%	1h	589.74	−0.292%	$107K	$49K	5x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	+0.071%	$3K	$6K	12x	as long as short
Bybit XMRUSDTshort	+0.0100%	8h	590.68	−0.133%	$47.2M	$60.6M	75x
Backpack XMR_USDC_PERP	+0.0100%	1h	590.16	−0.221%	$201K	$557K	20x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	591.47	long leg	$1.1M	$674K	10x
Polymarket Perps XMR-USD	+0.0100%	1h	591.07	−0.067%	$24K	$1.8M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.76	−0.289%	$2K	$1.9M	20x	as long as short
SoDEX XMR-USD	+0.0100%	1h	591.01	−0.078%	$449K	$4K	5x	as long as short
Lighter XMR	+0.0160%	1h	590.53	−0.158%	$3.5M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo XMR-PERP	+0.0176%	1h	591.21	−0.045%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0310%	8h	591.13	−0.057%	$6.9M	$2.8M	—	as long as short
Gate XMR_USDT	+0.0315%	8h	590.22	−0.211%	$1.6M	$4.5M	50x	as long as short
Binance XMRUSDT	+0.0369%	8h	590.78	−0.116%	$54.2M	$161.4M	75x	as long as short
MEXC XMR_USDT	+0.0372%	8h	590.75	−0.122%	$22.6M	$15.2M	100x	as long as short
BingX XMR-USDT	+0.0381%	8h	591.05	−0.071%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0397%	8h	590.91	−0.094%	$9.8M	$13.9M	50x	as long as short
BloFin XMR-USDT	+0.0530%	8h	591.24	−0.039%	$2.8M	$11.2M	75x	as long as short
Aster XMRUSDT	+0.0556%	8h	590.47	−0.169%	$666K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0616%	1h	590.26	−0.205%	$5.5M	$20.3M	50x	as long as short
KuCoin XMRUSDTM	+0.0618%	8h	590.92	−0.093%	$49.1M	$25.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	590.69	−0.132%	$268K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0626%	8h	591.50	+0.006%	$344K	$796K	10x	as long as short
Paradex XMR-USD-PERP	+0.0738%	8h	590.77	−0.118%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0778%	1h	590.39	−0.183%	$1.3M	$477K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0839% / S −0.1411%	1h	590.30	−0.197%	$351K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0861%	8h	591.14	−0.056%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1048%	1h	591.02	−0.076%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1405%	1h	591.58	+0.019%	$85.9M	$65.3M	5x	as long as short
Aftermath Perps XMRUSD	+0.2258%	1h	590.52	−0.160%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2326%	8h	589.47	−0.338%	$1.1M	$1.4M	20x	as long as short