Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0803%/8h= +87.9% APRpaid last 24h +0.266%

Price spread now: Paradex against Injective−1.460%99s7-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 Paradex

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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 1.460% cheaper against Injective than usual: you would sell low and buy high (spread −1.460% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$146 on $10k: about 6.1 days of funding at the current rate (+$24 a day). The two prices were read 99 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	582.55	0.0033	pay 0.0004% / 1h	33m 40s	$3K	$3K	12x
Short	Paradex XMR-USD-PERP	574.04	0.0836	get 0.0836% / 8h	1h 33m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −1.460%Rate

Funding earned: $168.56
Price spread: −1.460% → 0.000%: −$146.04
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: $18.5
Costs to cover: 0.040%
Break-even: 6.2 days

Slippage unknown: Injective: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Injective and Paradex: 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 −0.0004%	1h	572.32	−1.756%	$32K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	582.55	long leg	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	572.48	−1.729%	$1.0M	$633K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.77	−1.679%	$2K	$1.6M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.73	−1.686%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	573.44	−1.564%	$12K	—	3x	as long as short
Lighter XMR	+0.0304%	1h	573.70	−1.519%	$3.1M	$6.2M	10x	as long as short
KuCoin XMRUSDTM	+0.0319%	8h	573.46	−1.560%	$45.2M	$23.6M	50x	as long as short
Extended XMR-USD	+0.0376%	1h	573.79	−1.503%	$3.0M	$8.4M	25x	as long as short
Polymarket Perps XMR-USD	+0.0511%	1h	573.12	−1.619%	$22K	$2.0M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0589%	8h	573.52	−1.550%	$9.4M	$12.0M	50x	as long as short
BingX XMR-USDT	+0.0618%	8h	573.94	−1.478%	—	$5.4M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0634%	1h	572.59	−1.710%	$5.4M	$16.8M	50x	as long as short
MEXC XMR_USDT	+0.0636%	8h	573.98	−1.471%	$20.0M	$14.4M	100x	as long as short
Binance XMRUSDT	+0.0637%	8h	574.01	−1.466%	$52.3M	$139.4M	75x	as long as short
Bybit XMRUSDT	+0.0644%	8h	573.82	−1.499%	$46.5M	$60.4M	75x	as long as short
Gate XMR_USDT	+0.0657%	8h	573.28	−1.591%	$1.5M	$3.3M	50x	as long as short
dYdX XMR-USD	+0.0731%	1h	572.18	−1.780%	$104K	$43K	5x	as long as short
Aster XMRUSDT	+0.0790%	8h	572.93	−1.651%	$634K	$2.0M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0798%	1h	573.07	−1.627%	$174K	$524K	20x	as long as short
Paradex XMR-USD-PERPshort	+0.0836%	8h	574.04	−1.460%	$8K	$3K	20x
Hyperliquid XMR	+0.0841%	1h	573.84	−1.496%	$86.9M	$65.8M	5x	as long as short
SoDEX XMR-USD	+0.0984%	1h	573.54	−1.547%	$436K	$3K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0990%	8h	572.20	−1.777%	$341K	$711K	10x	as long as short
Pacifica XMR	+0.1002%	1h	573.93	−1.480%	$265K	$927K	10x	as long as short
Nado XMR-PERP	+0.1021%	1h	573.34	−1.581%	$1.3M	$445K	10x	as long as short
BloFin XMR-USDT	+0.1048%	8h	574.01	−1.466%	$2.7M	$10.8M	75x	as long as short
Variational Omni XMR	+0.1113%	8h	572.30	−1.759%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1127% / S −0.1482%	1h	572.82	−1.670%	$594K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1185%	8h	573.38	−1.574%	$40K	$591K	10x	as long as short
Aftermath Perps XMRUSD	+0.1940%	1h	573.36	−1.578%	$1K	$42K	10x	as long as short