Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0685%/8h= +75.0% APRpaid last 24h +0.263%

Price spread now: Paradex against edgeX−0.442%52s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.442% cheaper against edgeX than usual: you would sell low and buy high (spread −0.442% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 2.2 days of funding at the current rate (+$21 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XMRUSDC	578.82	0.0100	pay 0.0050% / 4h	44m 23s	$1.0M	$656K	10x
Short	Paradex XMR-USD-PERP	576.26	0.0785	get 0.0785% / 8h	4h 44m	$8K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.442%Rate

Funding earned: $143.8
Price spread: −0.442% → 0.000%: −$44.22
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: $86.58
Costs to cover: 0.130%
Break-even: 2.8 days

Slippage unknown: edgeX: live order book, 4 min ago; Paradex: 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, 4 min ago	10.19 bp	14.7 bp −$15	15.5 bp −$155	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+0.644%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0010%	1h	576.68	−0.370%	$45K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	575.90	−0.505%	$3.3M	$7.4M	10x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	578.82	long leg	$1.0M	$656K	10x
Polymarket Perps XMR-USD	+0.0100%	1h	576.41	−0.416%	$29K	$2.1M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.87	−0.510%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.36	−0.598%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0149%	1h	574.93	−0.672%	$5.4M	$19.6M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	577.50	−0.229%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0372%	1h	575.64	−0.549%	$169K	$534K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0409%	1h	575.39	−0.592%	$104K	$44K	5x	as long as short
Gate XMR_USDT	+0.0418%	8h	576.29	−0.437%	$1.5M	$4.5M	50x	as long as short
Bybit XMRUSDT	+0.0419%	8h	577.20	−0.280%	$46.8M	$63.9M	75x	as long as short
Binance XMRUSDT	+0.0482%	8h	576.96	−0.321%	$52.5M	$164.7M	75x	as long as short
MEXC XMR_USDT	+0.0484%	8h	577.38	−0.249%	$20.3M	$14.9M	100x	as long as short
BingX XMR-USDT	+0.0542%	8h	577.39	−0.247%	—	$5.6M	—	as long as short
Bitget XMRUSDT	+0.0562%	8h	577.57	−0.216%	$9.4M	$14.0M	50x	as long as short
KuCoin XMRUSDTM	+0.0596%	8h	575.69	−0.541%	$45.9M	$26.3M	50x	as long as short
Pacifica XMR	+0.0626%	1h	576.31	−0.433%	$266K	$1.1M	10x	as long as short
Hyperliquid XMR	+0.0662%	1h	577.00	−0.314%	$86.7M	$71.2M	5x	as long as short
Nado XMR-PERP	+0.0672%	1h	577.13	−0.291%	$1.3M	$465K	10x	as long as short
Aster XMRUSDT	+0.0684%	8h	576.15	−0.461%	$644K	$2.4M	75x	as long as short
SoDEX XMR-USD	+0.0716%	1h	576.41	−0.416%	$438K	$3K	5x	as long as short
Extended XMR-USD	+0.0728%	1h	576.38	−0.422%	$3.1M	$8.3M	25x	as long as short
BloFin XMR-USDT	+0.0751%	8h	576.42	−0.415%	$2.7M	$11.2M	75x	as long as short
Paradex XMR-USD-PERPshort	+0.0785%	8h	576.26	−0.442%	$8K	$4K	20x
GRVT XMR_USDT_Perp	+0.0851%	8h	579.20	+0.065%	$336K	$741K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0990% / S −0.1252%	1h	576.21	−0.451%	$592K	—	100x	as long as short
Variational Omni XMR	+0.1031%	8h	578.24	−0.100%	$6.6M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1107%	8h	577.23	−0.275%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2247%	1h	578.03	−0.136%	$1K	$45K	10x	as long as short