Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0525%/8h= +57.5% APRpaid last 24h +0.131%

Price spread now: MEXC against edgeX+0.219%83s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$600.605% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.346%+$35 on $10k

Price spread, last 7 days−0.198%−$20 · spread now +0.219%, 7d avg +0.020%

Together, before fees+0.148%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and MEXC is 0.199% dearer against edgeX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 83 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 0.346% in total (about 18.0% 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	575.74	0.0100	pay 0.0050% / 4h	2h 16m	$1.0M	$642K	10x
Short	MEXC XMR_USDT	577.00	0.0625	get 0.0625% / 8h	2h 16m	$20.0M	$14.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.219%Rate

Funding earned: $110.25
Price spread: +0.219% → +0.020%: $19.9
Slippage, 4 orders: −$47.49
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: $69.66
Costs to cover: 0.605%
Break-even: 2.6 days

Slippage from edgeX: live order book, 3 min ago; MEXC: 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, 3 min ago	10.94 bp	15.6 bp −$16	17.1 bp −$171	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.00 bp	15.3 bp −$15	28.8 bp −$288	71.2 bp −$7,120	223.0 bp −$111.5K

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 −0.0003%	1h	575.08	−0.115%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.183%	$3K	$3K	12x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	575.74	long leg	$1.0M	$642K	10x
SunX XMR-USDT	+0.0100%	8h	575.62	−0.020%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.96	−0.135%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	576.50	+0.132%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0324%	8h	575.69	−0.008%	$45.3M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0329%	1h	574.55	−0.206%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0586%	8h	576.97	+0.214%	$9.5M	$13.1M	50x	as long as short
MEXC XMR_USDTshort	+0.0625%	8h	577.00	+0.219%	$20.0M	$14.6M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0627%	8h	576.46	+0.125%	$52.7M	$160.6M	75x	as long as short
Gate XMR_USDT	+0.0665%	8h	576.31	+0.100%	$1.6M	$4.3M	50x	as long as short
BingX XMR-USDT	+0.0669%	8h	577.15	+0.246%	—	$5.6M	—	as long as short
Polymarket Perps XMR-USD	+0.0672%	1h	576.14	+0.070%	$27K	$2.1M	5x	as long as short
Bybit XMRUSDT	+0.0707%	8h	577.01	+0.221%	$46.7M	$64.0M	75x	as long as short
Extended XMR-USD	+0.0720%	1h	576.19	+0.079%	$3.0M	$8.2M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0744%	1h	575.24	−0.087%	$5.4M	$18.9M	50x	as long as short
Aster XMRUSDT	+0.0787%	8h	575.77	+0.006%	$648K	$2.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0888%	8h	575.75	+0.003%	$8K	$4K	20x	as long as short
Lighter XMR	+0.0896%	1h	576.39	+0.114%	$3.1M	$7.6M	10x	as long as short
Pacifica XMR	+0.0912%	1h	575.56	−0.030%	$266K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1020%	8h	575.69	−0.008%	$346K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1030%	8h	576.36	+0.108%	$2.7M	$11.2M	75x	as long as short
Hyperliquid XMR	+0.1063%	1h	576.94	+0.209%	$87.1M	$70.9M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1085% / S −0.1451%	1h	575.15	−0.102%	$596K	—	100x	as long as short
Variational Omni XMR	+0.1174%	8h	575.62	−0.019%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1195%	8h	576.04	+0.053%	$40K	$674K	10x	as long as short
Nado XMR-PERP	+0.1245%	1h	576.23	+0.085%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USD	+0.1338%	1h	576.52	+0.136%	$438K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1408%	1h	576.57	+0.145%	$169K	$532K	20x	as long as short
Aftermath Perps XMRUSD	+0.2044%	1h	575.24	−0.087%	$2K	$42K	10x	as long as short