Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.841%

Price spread now: HTX against Injective−0.798%65s7-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 HTX

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—needs both histories

Funding pays, the price is against you. HTX is 0.798% cheaper against Injective than usual: you would sell low and buy high (spread −0.798% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$80 on $10k: about 40 days of funding at the current rate (+$2 a day). The two prices were read 65 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	Injective XMR/USDC PERP	596.76	0.0033	pay 0.0004% / 1h	56m 01s	$3K	$4K	12x
Short	HTX XMR-USDT	592.00	0.0100	get 0.0100% / 8h	7h 56m	$1.1M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.798%Rate

Funding earned: $14
Price spread: −0.798% → 0.000%: −$79.76
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$77.78
Costs to cover: 0.120%
Break-even: 45.9 days

Slippage unknown: Injective: no order-book sample; HTX: live order book, 3 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 HTX live order book, 3 min ago	20.82 bp	45.0 bp −$45	295.2 bp −$2,952	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
dYdX XMR-USD	0.0000%	1h	590.90	−0.982%	$107K	$50K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	591.34	−0.908%	$45K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	596.76	long leg	$3K	$4K	12x
edgeX XMRUSDC	+0.0100%	4h	592.57	−0.702%	$1.1M	$657K	10x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	592.00	−0.798%	$1.1M	$1.5M	20x
Aevo XMR-PERP	+0.0168%	1h	592.84	−0.658%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0361%	8h	593.42	−0.560%	$21.7M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0367%	8h	593.52	−0.542%	$54.3M	$166.4M	75x	as long as short
SunX XMR-USDT	+0.0373%	8h	591.79	−0.833%	$2K	$2.0M	20x	as long as short
Bitget XMRUSDT	+0.0484%	8h	593.37	−0.568%	$9.8M	$14.6M	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	+0.0521%	8h	592.85	−0.655%	$2.8M	$11.7M	75x	as long as short
KuCoin XMRUSDTM	+0.0605%	8h	592.67	−0.685%	$48.5M	$26.2M	50x	as long as short
Aster XMRUSDT	+0.0606%	8h	592.86	−0.653%	$640K	$2.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0638%	8h	592.56	−0.703%	$348K	$795K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.61	−0.863%	$5.6M	$20.6M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.95	−0.638%	$276K	$1.1M	10x	as long as short
Variational Omni XMR	+0.0673%	8h	592.97	−0.634%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2452%	1h	591.16	−0.939%	$550K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0985%	8h	592.63	−0.692%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERP	+0.0992%	8h	592.94	−0.640%	$8K	$4K	20x	as long as short
Backpack XMR_USDC_PERP	+0.1117%	1h	592.57	−0.702%	$201K	$576K	20x	as long as short
Lighter XMR	+0.1240%	1h	592.72	−0.678%	$3.3M	$7.1M	10x	as long as short
Nado XMR-PERP	+0.1405%	1h	592.67	−0.685%	$1.3M	$470K	10x	as long as short
Gate XMR_USDT	+0.1405%	8h	592.53	−0.709%	$1.7M	$4.6M	50x	as long as short
SoDEX XMR-USD	+0.1485%	1h	592.78	−0.667%	$451K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.1536%	1h	592.87	−0.652%	$49K	$1.9M	5x	as long as short
BingX XMR-USDT	+0.1632%	8h	594.01	−0.461%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1838%	8h	593.99	−0.464%	$48.2M	$64.5M	75x	as long as short
Extended XMR-USD	+0.2240%	1h	592.67	−0.685%	$3.2M	$7.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2455%	1h	592.05	−0.789%	$2K	$46K	10x	as long as short
Hyperliquid XMR	+0.2564%	1h	594.14	−0.439%	$89.8M	$72.4M	5x	as long as short