Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0769%/8h= +84.2% APRpaid last 24h +0.032%

Price spread now: GRVT against edgeX−0.195%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.429%+$43 on $10k

Price spread, last 3 days (all we have)+0.172%+$17 · spread now −0.195%, 7d avg −0.020%

Together, before fees+0.601%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.175% cheaper against edgeX than usual: you would sell low and buy high (spread −0.195% now, against its 7-day average of −0.020%). If the spread goes back, that is −$17 on $10k: about 18 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.429% in total) that is about 2.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.429% in total (about 22.4% 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	587.75	0.0100	pay 0.0050% / 4h	3h 14m	$1.0M	$662K	10x
Short	GRVT XMR_USDT_Perp	586.60	0.0869	get 0.0869% / 8h	7h 14m	$347K	$792K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.195%Rate

Funding earned: $161.49
Price spread: −0.195% → −0.020%: −$17.46
Slippage, 4 orders: −$37.82
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $88.2
Costs to cover: 0.558%
Break-even: 3.2 days

Slippage from edgeX: live order book, 5 min ago; GRVT: live order book, 59 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, 5 min ago	10.13 bp	14.7 bp −$15	16.5 bp −$165	doesn't fit	doesn't fit
Sell GRVT live order book, 59 min ago	0.09 bp	15.2 bp −$15	doesn't fit	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	586.22	−0.260%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.534%	$3K	$4K	12x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	587.75	long leg	$1.0M	$662K	10x
SunX XMR-USDT	+0.0100%	8h	586.60	−0.195%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.74	−0.171%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0106%	1h	585.89	−0.316%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0184%	1h	587.45	−0.050%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0425%	8h	587.49	−0.044%	$21.3M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0428%	8h	587.44	−0.051%	$53.6M	$167.1M	75x	as long as short
Bitget XMRUSDT	+0.0553%	8h	587.22	−0.090%	$9.6M	$14.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0616%	8h	587.79	+0.007%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0617%	8h	586.93	−0.140%	$652K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0649%	1h	586.25	−0.254%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	587.65	−0.016%	$278K	$1.1M	10x	as long as short
Gate XMR_USDT	+0.0717%	8h	586.98	−0.130%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0723%	8h	587.08	−0.113%	$48.1M	$26.1M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	585.86	−0.321%	$546K	—	100x	as long as short
GRVT XMR_USDT_Perpshort	+0.0869%	8h	586.60	−0.195%	$347K	$792K	10x
Variational Omni XMR	+0.0884%	8h	587.59	−0.026%	$6.7M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0979%	1h	586.84	−0.154%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1041%	8h	587.22	−0.090%	$42K	$739K	10x	as long as short
BingX XMR-USDT	+0.1111%	8h	587.75	+0.001%	—	$5.8M	—	as long as short
Polymarket Perps XMR-USD	+0.1118%	1h	587.57	−0.030%	$46K	$1.9M	5x	as long as short
Bybit XMRUSDT	+0.1196%	8h	587.94	+0.033%	$47.3M	$64.8M	75x	as long as short
Lighter XMR	+0.1224%	1h	587.36	−0.066%	$3.3M	$7.2M	10x	as long as short
SoDEX XMR-USD	+0.1239%	1h	587.37	−0.064%	$446K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.1271%	8h	587.26	−0.082%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1406%	1h	587.45	−0.051%	$1.3M	$465K	10x	as long as short
Hyperliquid XMR	+0.1945%	1h	587.52	−0.038%	$89.2M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2464%	1h	587.33	−0.071%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2654%	1h	587.52	−0.038%	$1K	$46K	10x	as long as short