Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.003%

Price spread now: Injective against edgeX+0.876%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.876% dearer against edgeX than usual: you sell high and buy low (spread +0.876% now, against zero (this spread has no 7-day history yet)): +$88 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XMRUSDC	577.49	0.0100	pay 0.0050% / 4h	42m 40s	$1.0M	$543K	10x
Short	Injective XMR/USDC PERP	582.55	0.0033	get 0.0004% / 1h	42m 40s	$3K	$3K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.876%Rate

Funding earned: −$14
Price spread: +0.876% → 0.000%: $87.63
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $64.61
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

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	10.43 bp	14.9 bp −$15	15.8 bp −$158	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0004%	1h	574.28	−0.556%	$33K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	582.55	+0.876%	$3K	$3K	12x
edgeX XMRUSDClong	+0.0100%	4h	577.49	long leg	$1.0M	$543K	10x
Polymarket Perps XMR-USD	+0.0100%	1h	574.98	−0.435%	$28K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.67	−0.488%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.00	−0.431%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	574.55	−0.509%	$3.0M	$8.0M	25x	as long as short
Aevo XMR-PERP	+0.0216%	1h	575.35	−0.370%	$12K	—	3x	as long as short
Lighter XMR	+0.0280%	1h	574.77	−0.470%	$3.1M	$5.9M	10x	as long as short
KuCoin XMRUSDTM	+0.0288%	8h	574.58	−0.504%	$45.4M	$20.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XMR	+0.0295%	1h	574.56	−0.507%	$87.1M	$62.7M	5x	as long as short
Bybit XMRUSDT	+0.0497%	8h	574.79	−0.467%	$46.6M	$54.3M	75x	as long as short
SoDEX XMR-USD	+0.0530%	1h	575.20	−0.396%	$437K	$3K	5x	as long as short
BingX XMR-USDT	+0.0533%	8h	574.80	−0.466%	—	$5.4M	—	as long as short
Bitget XMRUSDT	+0.0540%	8h	574.42	−0.532%	$9.4M	$11.2M	50x	as long as short
MEXC XMR_USDT	+0.0548%	8h	574.78	−0.469%	$20.2M	$11.1M	100x	as long as short
Binance XMRUSDT	+0.0549%	8h	574.69	−0.485%	$52.3M	$119.3M	75x	as long as short
Gate XMR_USDT	+0.0565%	8h	574.68	−0.486%	$1.5M	$2.8M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0577%	1h	574.88	−0.452%	$175K	$475K	20x	as long as short
Paradex XMR-USD-PERP	+0.0588%	8h	574.83	−0.460%	$8K	$3K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0616%	1h	574.22	−0.565%	$5.4M	$12.1M	50x	as long as short
Aster XMRUSDT	+0.0703%	8h	574.57	−0.505%	$642K	$1.7M	75x	as long as short
dYdX XMR-USD	+0.0719%	1h	573.96	−0.611%	$104K	$29K	5x	as long as short
Pacifica XMR	+0.0735%	1h	574.68	−0.487%	$269K	$836K	10x	as long as short
BloFin XMR-USDT	+0.0877%	8h	575.15	−0.405%	$2.7M	$10.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0890%	8h	575.87	−0.280%	$343K	$652K	10x	as long as short
Variational Omni XMR	+0.0942%	8h	576.14	−0.233%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERP	+0.1116%	1h	575.45	−0.353%	$1.3M	$434K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1168%	8h	575.00	−0.431%	$40K	$506K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1169% / S −0.1547%	1h	574.29	−0.553%	$598K	—	100x	as long as short
Aftermath Perps XMRUSD	+0.1801%	1h	575.83	−0.287%	$1K	$40K	10x	as long as short