Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.001%

Price spread now: SunX against Injective−1.392%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 SunX

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. SunX is 1.392% cheaper against Injective than usual: you would sell low and buy high (spread −1.392% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$139 on $10k: about 2 months 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	40m 49s	$3K	$3K	12x
Short	SunX XMR-USDT	574.44	0.0100	get 0.0100% / 8h	40m 49s	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −1.392%Rate

Funding earned: $14
Price spread: −1.392% → 0.000%: −$139.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$133.24
Costs to cover: 0.080%
Break-even: 73.6 days

Slippage unknown: Injective: no order-book sample; SunX: 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 SunX live order book, 3 min ago	13.48 bp	24.7 bp −$25	doesn't fit	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 −0.0004%	1h	575.04	−1.290%	$33K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	582.55	long leg	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	575.28	−1.248%	$1.0M	$504K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	575.72	−1.172%	$28K	$1.7M	5x	as long as short
SunX XMR-USDTshort	+0.0100%	8h	574.44	−1.392%	$2K	$1.4M	20x
HTX XMR-USDT	+0.0100%	8h	574.80	−1.330%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	575.39	−1.229%	$3.0M	$8.0M	25x	as long as short
Aevo XMR-PERP	+0.0216%	1h	575.96	−1.132%	$12K	—	3x	as long as short
Lighter XMR	+0.0288%	1h	575.74	−1.170%	$3.1M	$5.9M	10x	as long as short
KuCoin XMRUSDTM	+0.0291%	8h	575.58	−1.196%	$45.5M	$20.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XMR	+0.0315%	1h	575.64	−1.186%	$87.3M	$62.7M	5x	as long as short
Bybit XMRUSDT	+0.0498%	8h	575.54	−1.203%	$46.6M	$54.2M	75x	as long as short
BingX XMR-USDT	+0.0533%	8h	575.59	−1.195%	—	$5.4M	—	as long as short
Bitget XMRUSDT	+0.0540%	8h	575.48	−1.214%	$9.4M	$11.2M	50x	as long as short
Binance XMRUSDT	+0.0547%	8h	575.61	−1.191%	$52.4M	$119.1M	75x	as long as short
MEXC XMR_USDT	+0.0548%	8h	575.60	−1.193%	$20.3M	$11.1M	100x	as long as short
Backpack XMR_USDC_PERP	+0.0554%	1h	575.69	−1.178%	$175K	$474K	20x	as long as short
Gate XMR_USDT	+0.0562%	8h	575.30	−1.245%	$1.5M	$2.8M	50x	as long as short
SoDEX XMR-USD	+0.0565%	1h	575.83	−1.154%	$438K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0594%	8h	575.92	−1.139%	$8K	$3K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0615%	1h	574.85	−1.321%	$5.4M	$12.1M	50x	as long as short
Aster XMRUSDT	+0.0701%	8h	575.49	−1.212%	$643K	$1.7M	75x	as long as short
dYdX XMR-USD	+0.0707%	1h	574.47	−1.388%	$104K	$29K	5x	as long as short
Pacifica XMR	+0.0735%	1h	575.30	−1.245%	$270K	$836K	10x	as long as short
BloFin XMR-USDT	+0.0881%	8h	575.10	−1.279%	$2.7M	$10.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0890%	8h	575.87	−1.146%	$343K	$652K	10x	as long as short
Variational Omni XMR	+0.0930%	8h	575.84	−1.151%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERP	+0.1086%	1h	575.52	−1.207%	$1.3M	$433K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1170%	8h	575.61	−1.191%	$40K	$504K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1170% / S −0.1547%	1h	574.90	−1.314%	$599K	—	100x	as long as short
Aftermath Perps XMRUSD	+0.1809%	1h	575.96	−1.131%	$1K	$40K	10x	as long as short