Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1762%/8h= −192.9% APRpaid last 24h −0.138%

Price spread now: KuCoin against Extended−0.080%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.709%−$71 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.080%, 7d avg −0.023%

Together, before fees−0.673%+ Points / potential airdropExtended: Active · farm board−$67 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and KuCoin is 0.058% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.709% in total (about -36.9% 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	592.60	0.2432	pay 0.0304% / 1h	36m 44s	$3.2M	$7.9M	25x
Short	KuCoin XMRUSDTM	592.12	0.0670	get 0.0670% / 8h	7h 36m	$48.5M	$26.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$370.02
Price spread: −0.080% → −0.023%: −$5.76
Slippage, 4 orders: −$50.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$443.66
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 2 min ago	8.10 bp	12.2 bp −$12	110.7 bp −$1,107	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.13 bp	25.2 bp −$25	48.8 bp −$488	doesn't fit	doesn't fit

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 −0.0009%	1h	590.88	−0.289%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.703%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0079%	1h	590.95	−0.278%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.20	−0.067%	$1.1M	$659K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.50	−0.185%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	591.95	−0.109%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	592.69	+0.016%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0419%	8h	592.67	+0.013%	$21.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0423%	8h	592.48	−0.019%	$54.2M	$166.9M	75x	as long as short
Bitget XMRUSDT	+0.0519%	8h	592.86	+0.045%	$9.8M	$14.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0604%	8h	592.49	−0.018%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0636%	8h	592.41	−0.031%	$655K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.32	−0.216%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.94	+0.058%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTMshort	+0.0670%	8h	592.12	−0.080%	$48.5M	$26.1M	50x
Variational Omni XMR	+0.0778%	8h	592.85	+0.043%	$6.7M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0870% / S −0.2452%	1h	590.79	−0.305%	$549K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.0940%	1h	591.84	−0.127%	$201K	$549K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1023%	8h	592.19	−0.068%	$42K	$738K	10x	as long as short
Gate XMR_USDT	+0.1040%	8h	591.74	−0.144%	$1.6M	$4.6M	50x	as long as short
Paradex XMR-USD-PERP	+0.1147%	8h	592.49	−0.017%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1248%	1h	592.42	−0.029%	$3.3M	$7.1M	10x	as long as short
Polymarket Perps XMR-USD	+0.1334%	1h	592.14	−0.077%	$48K	$1.9M	5x	as long as short
GRVT XMR_USDT_Perp	+0.1340%	8h	593.01	+0.070%	$350K	$804K	10x	as long as short
Nado XMR-PERP	+0.1358%	1h	592.24	−0.060%	$1.3M	$467K	10x	as long as short
BingX XMR-USDT	+0.1447%	8h	592.72	+0.021%	—	$5.8M	—	as long as short
SoDEX XMR-USD	+0.1473%	1h	592.32	−0.046%	$450K	$3K	5x	as long as short
Bybit XMRUSDT	+0.1512%	8h	592.99	+0.067%	$47.8M	$64.6M	75x	as long as short
Hyperliquid XMR	+0.2119%	1h	593.36	+0.129%	$89.8M	$72.4M	5x	as long as short
Extended XMR-USDlong	+0.2432%	1h	592.60	long leg	$3.2M	$7.9M	25x
Aftermath Perps XMRUSD	+0.2537%	1h	591.63	−0.162%	$1K	$46K	10x	as long as short