Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.005%

Price spread now: edgeX against Injective−0.977%7-day average — · you buy dearer than you sell

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

Long on Injective Short on edgeX

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 · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.977% cheaper against Injective than usual: you would sell low and buy high (spread −0.977% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$98 on $10k: about 49 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	582.55	0.0033	pay 0.0004% / 1h	58m 55s	$3K	$3K	12x
Short	edgeX XMRUSDC	576.86	0.0100	get 0.0050% / 4h	3h 58m	$1.0M	$653K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now −0.977%Rate

Funding earned: $14
Price spread: −0.977% → 0.000%: −$97.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$92.72
Costs to cover: 0.090%
Break-even: 53.4 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	10.13 bp	14.6 bp −$15	15.4 bp −$154	doesn't fit	doesn't fit

Injective: 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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0008%	1h	575.16	−1.268%	$50K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	582.55	long leg	$3K	$3K	12x
Lighter XMR	+0.0096%	1h	575.56	−1.200%	$3.2M	$7.5M	10x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	576.86	−0.977%	$1.0M	$653K	10x
SunX XMR-USDT	+0.0100%	8h	575.40	−1.227%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.21	−1.260%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	575.88	−1.146%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	574.41	−1.398%	$5.4M	$19.5M	50x	as long as short
dYdX XMR-USD	+0.0305%	1h	574.16	−1.440%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0392%	8h	575.11	−1.277%	$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	575.83	−1.154%	$1.6M	$4.5M	50x	as long as short
Bybit XMRUSDT	+0.0468%	8h	575.87	−1.147%	$46.9M	$64.4M	75x	as long as short
BingX XMR-USDT	+0.0488%	8h	575.70	−1.176%	—	$5.7M	—	as long as short
MEXC XMR_USDT	+0.0512%	8h	575.79	−1.160%	$20.2M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0512%	8h	575.80	−1.159%	$52.7M	$164.2M	75x	as long as short
Bitget XMRUSDT	+0.0513%	8h	575.64	−1.186%	$9.4M	$13.8M	50x	as long as short
Pacifica XMR	+0.0626%	1h	575.68	−1.180%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0684%	8h	575.14	−1.272%	$638K	$2.3M	75x	as long as short
Nado XMR-PERP	+0.0686%	1h	576.46	−1.045%	$1.3M	$460K	10x	as long as short
Extended XMR-USD	+0.0744%	1h	575.64	−1.186%	$3.1M	$8.4M	25x	as long as short
Backpack XMR_USDC_PERP	+0.0755%	1h	575.41	−1.226%	$170K	$534K	20x	as long as short
BloFin XMR-USDT	+0.0823%	8h	575.79	−1.160%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0904%	8h	577.83	−0.810%	$346K	$733K	10x	as long as short
SoDEX XMR-USD	+0.0907%	1h	575.83	−1.154%	$438K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0921%	8h	576.60	−1.022%	$8K	$4K	20x	as long as short
Hyperliquid XMR	+0.0938%	1h	575.69	−1.178%	$86.6M	$71.1M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0990% / S −0.1254%	1h	574.70	−1.347%	$592K	—	100x	as long as short
Variational Omni XMR	+0.1050%	8h	576.81	−0.985%	$6.6M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1127%	8h	575.64	−1.186%	$40K	$735K	10x	as long as short
Polymarket Perps XMR-USD	+0.1185%	1h	576.22	−1.087%	$25K	$2.2M	5x	as long as short
Aftermath Perps XMRUSD	+0.1926%	1h	576.24	−1.083%	$1K	$44K	10x	as long as short