Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1027%/8h= −112.5% APRpaid last 24h −0.127%

Price spread now: BingX against Extended+0.029%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.616%−$62 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.029%, 7d avg +0.046%

Together, before fees−0.679%+ Points / potential airdropExtended: Active · farm board−$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$31 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.616% in total (about -32.1% 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	Extended XMR-USD	585.12	0.1808	pay 0.0226% / 1h	5m 27s	$3.1M	$8.0M	25x
Short	BingX XMR-USDT	585.29	0.0781	get 0.0781% / 8h	6h 05m	—	$5.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$215.67
Price spread: +0.029% → +0.046%: −$1.66
Slippage, 4 orders: −$25.89
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$258.22
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; BingX: live order book, 15 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 Extended live order book, 4 min ago	4.45 bp	8.0 bp −$8	13.2 bp −$132	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	0.76 bp	14.6 bp −$15	30.9 bp −$309	89.9 bp −$8,993	522.5 bp −$261.2K

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	585.28	+0.027%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.990%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.62	−0.255%	$1.0M	$668K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.73	+0.105%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.82	−0.051%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	586.14	+0.174%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0404%	1h	584.39	−0.125%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0519%	8h	585.20	+0.014%	$20.8M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0519%	8h	584.66	−0.078%	$53.3M	$168.0M	75x	as long as short
Bitget XMRUSDT	+0.0622%	8h	585.22	+0.017%	$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	+0.0708%	8h	585.20	+0.014%	$651K	$2.5M	75x	as long as short
BingX XMR-USDTshort	+0.0781%	8h	585.29	+0.029%	—	$5.8M	—
KuCoin XMRUSDTM	+0.0783%	8h	584.51	−0.104%	$47.9M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0800%	8h	584.70	−0.072%	$1.6M	$4.6M	50x	as long as short
Bybit XMRUSDT	+0.0804%	8h	585.21	+0.016%	$47.4M	$65.0M	75x	as long as short
Pacifica XMR	+0.0821%	1h	585.08	−0.006%	$269K	$1.1M	10x	as long as short
Polymarket Perps XMR-USD	+0.0898%	1h	584.90	−0.037%	$32K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0913%	1h	584.79	−0.056%	$172K	$539K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0953% / S −0.1202%	1h	585.07	−0.008%	$652K	—	100x	as long as short
Lighter XMR	+0.0976%	1h	585.00	−0.021%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1031%	8h	584.44	−0.116%	$342K	$795K	10x	as long as short
Variational Omni XMR	+0.1058%	8h	586.20	+0.184%	$6.7M	$2.5M	—	as long as short
Orderly PERP_XMR_USDC	+0.1071%	8h	586.26	+0.195%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1212%	8h	584.80	−0.054%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1307%	1h	584.96	−0.028%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1425%	1h	585.32	+0.034%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1599%	1h	586.12	+0.171%	$445K	$3K	5x	as long as short
Hyperliquid XMR	+0.1619%	1h	585.19	+0.012%	$88.4M	$73.1M	5x	as long as short
Extended XMR-USDlong	+0.1808%	1h	585.12	long leg	$3.1M	$8.0M	25x
Aftermath Perps XMRUSD	+0.2729%	1h	585.73	+0.105%	$1K	$46K	10x	as long as short