Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.078%

Price spread now: KuCoin against Injective−1.464%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 KuCoin

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. KuCoin is 1.464% cheaper against Injective than usual: you would sell low and buy high (spread −1.464% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$146 on $10k: about 15 days of funding at the current rate (+$9 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	48m 51s	$3K	$3K	12x
Short	KuCoin XMRUSDTM	574.02	0.0349	get 0.0349% / 8h	7h 48m	$45.3M	$17.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −1.464%Rate

Funding earned: $66.29
Price spread: −1.464% → 0.000%: −$146.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$92.16
Costs to cover: 0.120%
Break-even: 16.7 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	2.88 bp	16.8 bp −$17	47.4 bp −$474	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 −0.0005%	1h	573.80	−1.502%	$34K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	582.55	long leg	$3K	$3K	12x
Bybit XMRUSDT	+0.0100%	8h	574.31	−1.414%	$46.5M	$49.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.65	−1.527%	$1.0M	$543K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	574.27	−1.421%	$30K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.67	−1.353%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.83	−1.669%	$1.1M	$1.1M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	574.86	−1.320%	$12K	—	3x	as long as short
Extended XMR-USD	+0.0280%	1h	574.03	−1.462%	$3.0M	$7.5M	25x	as long as short
Gate XMR_USDT	+0.0302%	8h	573.81	−1.500%	$1.6M	$2.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTMshort	+0.0349%	8h	574.02	−1.464%	$45.3M	$17.7M	50x
Kraken Futures PF_XMRUSD	+0.0371%	1h	573.68	−1.523%	$5.5M	$9.0M	50x	as long as short
MEXC XMR_USDT	+0.0494%	8h	574.14	−1.444%	$20.2M	$9.7M	100x	as long as short
Binance XMRUSDT	+0.0495%	8h	574.45	−1.390%	$52.4M	$105.5M	75x	as long as short
BingX XMR-USDT	+0.0504%	8h	574.64	−1.358%	—	$5.2M	—	as long as short
Bitget XMRUSDT	+0.0534%	8h	574.31	−1.414%	$9.4M	$10.1M	50x	as long as short
Pacifica XMR	+0.0550%	1h	575.04	−1.290%	$271K	$751K	10x	as long as short
Lighter XMR	+0.0584%	1h	574.50	−1.382%	$3.1M	$5.5M	10x	as long as short
Hyperliquid XMR	+0.0601%	1h	574.70	−1.348%	$87.2M	$58.7M	5x	as long as short
GRVT XMR_USDT_Perp	+0.0620%	8h	573.51	−1.552%	$343K	$623K	10x	as long as short
Aster XMRUSDT	+0.0623%	8h	574.16	−1.440%	$643K	$1.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.0669%	8h	575.12	−1.275%	$8K	$2K	20x	as long as short
BloFin XMR-USDT	+0.0801%	8h	574.75	−1.339%	$2.7M	$9.9M	75x	as long as short
Variational Omni XMR	+0.0814%	8h	574.89	−1.315%	$6.2M	$2.3M	—	as long as short
SoDEX XMR-USD	+0.0869%	1h	574.66	−1.354%	$437K	$4K	5x	as long as short
Nado XMR-PERP	+0.0957%	1h	575.19	−1.264%	$1.3M	$314K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1078% / S −0.1372%	1h	573.57	−1.541%	$598K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1111%	8h	574.31	−1.414%	$40K	$434K	10x	as long as short
dYdX XMR-USD	+0.1200%	1h	574.08	−1.454%	$104K	$29K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1239%	1h	574.54	−1.375%	$136K	$431K	20x	as long as short
Aftermath Perps XMRUSD	+0.2092%	1h	573.87	−1.490%	$1K	$39K	10x	as long as short