Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0965%/8h= −105.7% APRpaid last 24h +0.147%

Price spread now: MEXC against Injective−0.965%100s7-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 MEXC

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

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and MEXC is 0.965% cheaper against Injective than usual: you would sell low and buy high (−$97 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 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	0.1312	pay 0.0164% / 1h	1m 44s	$3K	$6K	12x
Short	MEXC XMR_USDT	591.00	0.0347	get 0.0347% / 8h	1m 44s	$21.6M	$15.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.965%Rate

Funding earned: −$202.69
Price spread: −0.965% → 0.000%: −$96.52
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$303.23
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.09 bp	8.5 bp −$8	30.4 bp −$304	67.3 bp −$6,733	221.2 bp −$110.6K

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 −0.0009%	1h	587.75	−1.510%	$45K	—	150x	as long as short
edgeX XMRUSDC	+0.0100%	4h	589.34	−1.243%	$1.0M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	588.21	−1.433%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	589.46	−1.224%	$12K	—	3x	as long as short
Bybit XMRUSDT	+0.0179%	8h	591.50	−0.881%	$47.9M	$64.4M	75x	as long as short
MEXC XMR_USDTshort	+0.0347%	8h	591.00	−0.965%	$21.6M	$15.2M	100x
Binance XMRUSDT	+0.0348%	8h	590.91	−0.979%	$54.1M	$166.2M	75x	as long as short
Lighter XMR	+0.0440%	1h	590.82	−0.995%	$3.3M	$7.2M	10x	as long as short
BingX XMR-USDT	+0.0448%	8h	591.88	−0.818%	—	$5.8M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0467%	1h	588.35	−1.409%	$5.6M	$20.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0478%	8h	591.64	−0.858%	$9.7M	$14.6M	50x	as long as short
Gate XMR_USDT	+0.0484%	8h	590.65	−1.024%	$1.7M	$4.6M	50x	as long as short
BloFin XMR-USDT	+0.0493%	8h	591.15	−0.940%	$2.8M	$11.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0529%	1h	588.83	−1.329%	$200K	$579K	20x	as long as short
Pacifica XMR	+0.0565%	1h	591.12	−0.945%	$275K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0576%	8h	590.38	−1.069%	$48.3M	$26.2M	50x	as long as short
Aster XMRUSDT	+0.0593%	8h	589.79	−1.168%	$633K	$2.5M	75x	as long as short
Variational Omni XMR	+0.0616%	8h	589.83	−1.162%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0622%	8h	590.44	−1.059%	$346K	$795K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0867% / S −0.2452%	1h	587.65	−1.526%	$546K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0964%	1h	589.00	−1.300%	$50K	$1.9M	5x	as long as short
Orderly PERP_XMR_USDC	+0.0969%	8h	589.32	−1.247%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERP	+0.0984%	8h	590.51	−1.047%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1158%	1h	589.38	−1.237%	$448K	$3K	5x	as long as short
Nado XMR-PERP	+0.1236%	1h	589.02	−1.297%	$1.3M	$470K	10x	as long as short
Injective XMR/USDC PERPlong	+0.1312%	1h	596.76	long leg	$3K	$6K	12x
dYdX XMR-USD	+0.1517%	1h	588.77	−1.339%	$107K	$50K	5x	as long as short
HTX XMR-USDT	+0.1687%	8h	588.88	−1.320%	$1.1M	$1.5M	20x	as long as short
Hyperliquid XMR	+0.1796%	1h	591.23	−0.927%	$89.2M	$72.3M	5x	as long as short
Extended XMR-USD	+0.2128%	1h	591.50	−0.882%	$3.2M	$7.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2443%	1h	589.06	−1.290%	$2K	$46K	10x	as long as short