Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1708%/8h= +187.0% APRpaid last 24h +0.256%

Price spread now: Extended against edgeX−0.111%73s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs+$55as 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−$410.410% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.963%+$96 on $10k

Price spread, last 3 days (all we have)−0.418%−$42 · spread now −0.111%, 7d avg −0.047%

Together, before fees+0.546%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.063% cheaper against edgeX than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.047%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$51 a day). At the pace of the last 7 days (+0.963% in total) that is about 11 hours. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.963% in total (about 50.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XMRUSDC	597.44	0.0100	pay 0.0050% / 4h	1h 38m	$1.1M	$663K	10x
Short	Extended XMR-USD	596.78	0.1808	get 0.0226% / 1h	38m 11s	$3.1M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.111%Rate

Funding earned: $358.68
Price spread: −0.111% → −0.047%: −$6.32
Slippage, 4 orders: −$27.05
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $311.31
Costs to cover: 0.410%
Break-even: 0.9 days

Slippage from edgeX: live order book, 1 min ago; Extended: live order book, 6 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, 1 min ago	10.64 bp	15.2 bp −$15	16.5 bp −$165	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	2.35 bp	5.1 bp −$5	10.7 bp −$107	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	595.94	−0.251%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.89	−0.091%	$48.3M	$61.5M	75x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	597.44	long leg	$1.1M	$663K	10x
SunX XMR-USDT	+0.0100%	8h	596.42	−0.170%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	594.86	−0.432%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0248%	8h	598.02	+0.097%	$6.9M	$2.7M	—	as long as short
Binance XMRUSDT	+0.0326%	8h	596.51	−0.155%	$54.7M	$162.7M	75x	as long as short
MEXC XMR_USDT	+0.0327%	8h	596.87	−0.095%	$22.4M	$15.0M	100x	as long as short
BingX XMR-USDT	+0.0374%	8h	596.66	−0.130%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	595.70	−0.291%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	597.09	−0.058%	$271K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0400%	8h	597.28	−0.026%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0469%	8h	596.23	−0.202%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0505%	8h	596.76	−0.113%	$1.6M	$4.5M	50x	as long as short
Aster XMRUSDT	+0.0531%	8h	596.84	−0.100%	$674K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0541%	8h	596.34	−0.183%	$48.7M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0597%	8h	597.57	+0.023%	$355K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.928%	$3K	$6K	12x	as long as short
Lighter XMR	+0.0728%	1h	596.51	−0.155%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USD	+0.0815%	1h	597.03	−0.068%	$23K	$1.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0822% / S −0.1341%	1h	595.80	−0.274%	$341K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0853%	8h	596.83	−0.101%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0892%	1h	596.63	−0.135%	$453K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0922%	8h	596.82	−0.103%	$49K	$720K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1004%	1h	596.23	−0.202%	$203K	$575K	20x	as long as short
dYdX XMR-USD	+0.1420%	1h	594.52	−0.488%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1545%	1h	597.07	−0.062%	$1.3M	$480K	10x	as long as short
Extended XMR-USDshort	+0.1808%	1h	596.78	−0.111%	$3.1M	$6.8M	25x
Hyperliquid XMR	+0.1946%	1h	598.02	+0.098%	$88.7M	$67.5M	5x	as long as short
HTX XMR-USDT	+0.2094%	8h	594.96	−0.414%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2461%	1h	597.17	−0.044%	$2K	$47K	10x	as long as short