Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0804%/8h= −88.0% APRpaid last 24h −0.172%

Price spread now: edgeX against GRVT−0.168%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$544as in the Funding arb table

Net, price: spread back to 7d avg − costs−$506as in the Price arb table

costs, in and out, $10k−$4874.874% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.569%−$57 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.168%, 7d avg +0.020%

Together, before fees−0.421%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and edgeX is 0.188% cheaper against GRVT than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XMR_USDT_Perp	577.83	0.0904	pay 0.0904% / 8h	3h 59m	$346K	$733K	10x
Short	edgeX XMRUSDC	576.86	0.0100	get 0.0050% / 4h	3h 59m	$1.0M	$653K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against GRVT. 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 GRVTbpFee edgeXbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$168.84
Price spread: −0.168% → +0.020%: −$18.82
Slippage, 4 orders: −$469.37
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$675.03
Costs to cover: 4.874%
Break-even: never at this rate

Slippage from GRVT: live order book, 58 min ago; edgeX: live order book, 4 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 GRVT live order book, 58 min ago	1.72 bp	448.6 bp −$449	94407.6 bp −$944.1K	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	10.13 bp	14.6 bp −$15	15.4 bp −$154	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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+0.817%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0008%	1h	575.16	−0.462%	$50K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	575.24	−0.449%	$3.2M	$7.5M	10x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	576.86	−0.168%	$1.0M	$653K	10x
SunX XMR-USDT	+0.0100%	8h	574.70	−0.542%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.58	−0.389%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0149%	1h	573.74	−0.708%	$5.4M	$19.5M	50x	as long as short
Aevo XMR-PERP	+0.0208%	1h	575.55	−0.395%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0305%	1h	574.16	−0.635%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0392%	8h	575.31	−0.436%	$45.0M	$26.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0442%	8h	576.29	−0.267%	$1.6M	$4.5M	50x	as long as short
Bybit XMRUSDT	+0.0468%	8h	576.63	−0.208%	$47.0M	$64.4M	75x	as long as short
BingX XMR-USDT	+0.0488%	8h	576.62	−0.209%	—	$5.7M	—	as long as short
MEXC XMR_USDT	+0.0512%	8h	576.59	−0.215%	$20.2M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0512%	8h	576.57	−0.218%	$52.7M	$164.2M	75x	as long as short
Bitget XMRUSDT	+0.0513%	8h	576.28	−0.268%	$9.4M	$13.8M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0596%	1h	574.51	−0.575%	$169K	$534K	20x	as long as short
Pacifica XMR	+0.0626%	1h	575.68	−0.373%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0684%	8h	575.09	−0.475%	$638K	$2.3M	75x	as long as short
Nado XMR-PERP	+0.0686%	1h	576.46	−0.237%	$1.3M	$460K	10x	as long as short
Extended XMR-USD	+0.0744%	1h	576.55	−0.221%	$3.1M	$8.4M	25x	as long as short
BloFin XMR-USDT	+0.0823%	8h	575.79	−0.353%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perplong	+0.0904%	8h	577.83	long leg	$346K	$733K	10x
Paradex XMR-USD-PERP	+0.0921%	8h	576.60	−0.213%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1254%	1h	573.90	−0.680%	$591K	—	100x	as long as short
Variational Omni XMR	+0.1050%	8h	576.81	−0.176%	$6.6M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1127%	8h	575.19	−0.457%	$40K	$735K	10x	as long as short
Polymarket Perps XMR-USD	+0.1185%	1h	576.22	−0.279%	$25K	$2.2M	5x	as long as short
Hyperliquid XMR	+0.1201%	1h	576.36	−0.254%	$86.7M	$71.1M	5x	as long as short
SoDEX XMR-USD	+0.1301%	1h	575.39	−0.422%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1926%	1h	576.24	−0.275%	$1K	$44K	10x	as long as short