Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0682%/8h= +74.7% APRpaid last 24h +0.152%

Price spread now: KuCoin against edgeX−0.130%98s7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$690.694% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 4 days (all we have)−1.495%−$150 · spread now −0.130%, 7d avg −0.103%

Together, before fees−1.199%+ Points / potential airdropedgeX: Active · farm board−$120 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.026% cheaper against edgeX than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.103%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.296% in total) that is about 15 hours. The two prices were read 98 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 0.296% in total (about 15.5% 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	590.16	0.0100	pay 0.0050% / 4h	2h 21m	$1.1M	$667K	10x
Short	KuCoin XMRUSDTM	589.40	0.0782	get 0.0782% / 8h	6h 21m	$48.3M	$26.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.130%Rate

Funding earned: $143.22
Price spread: −0.130% → −0.103%: −$2.64
Slippage, 4 orders: −$48.36
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $71.23
Costs to cover: 0.694%
Break-even: 3.5 days

Slippage from edgeX: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	10.19 bp	14.7 bp −$15	15.4 bp −$154	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.50 bp	18.8 bp −$19	45.0 bp −$450	doesn't fit	doesn't fit

XMR on 30 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 −0.0010%	1h	588.31	−0.314%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.118%	$3K	$4K	12x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	590.16	long leg	$1.1M	$667K	10x
SunX XMR-USDT	+0.0100%	8h	589.03	−0.192%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.92	−0.550%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	590.11	−0.008%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0456%	1h	587.40	−0.468%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0521%	8h	590.10	−0.011%	$21.0M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0521%	8h	590.32	+0.026%	$53.9M	$168.3M	75x	as long as short
Bitget XMRUSDT	+0.0616%	8h	590.33	+0.028%	$9.6M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0697%	8h	589.51	−0.111%	$656K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0753%	8h	589.63	−0.091%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTMshort	+0.0782%	8h	589.40	−0.130%	$48.3M	$26.2M	50x
Pacifica XMR	+0.0821%	1h	588.58	−0.269%	$273K	$1.1M	10x	as long as short
BingX XMR-USDT	+0.0853%	8h	590.49	+0.055%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0873%	8h	590.36	+0.033%	$47.7M	$65.0M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0936% / S −0.1162%	1h	588.08	−0.353%	$655K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.1003%	1h	589.66	−0.086%	$185K	$534K	20x	as long as short
Variational Omni XMR	+0.1021%	8h	590.91	+0.126%	$6.7M	$2.9M	—	as long as short
Orderly PERP_XMR_USDC	+0.1065%	8h	589.88	−0.048%	$42K	$736K	10x	as long as short
Lighter XMR	+0.1080%	1h	589.73	−0.073%	$3.3M	$7.2M	10x	as long as short
Polymarket Perps XMR-USD	+0.1085%	1h	589.20	−0.163%	$35K	$2.1M	5x	as long as short
GRVT XMR_USDT_Perp	+0.1110%	8h	590.89	+0.122%	$346K	$786K	10x	as long as short
Paradex XMR-USD-PERP	+0.1286%	8h	588.11	−0.349%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1299%	1h	588.60	−0.266%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1505%	1h	589.41	−0.128%	$1.3M	$467K	10x	as long as short
Hyperliquid XMR	+0.1822%	1h	590.40	+0.041%	$89.2M	$73.7M	5x	as long as short
SoDEX XMR-USD	+0.1862%	1h	590.20	+0.006%	$449K	$3K	5x	as long as short
Extended XMR-USD	+0.2104%	1h	589.88	−0.048%	$3.2M	$8.3M	25x	as long as short
Aftermath Perps XMRUSD	+0.2776%	1h	588.44	−0.292%	$1K	$46K	10x	as long as short