Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h +0.251%

Price spread now: dYdX against KuCoin−0.157%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$322as in the Price arb table

costs, in and out, $10k−$3183.178% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.858%+$86 on $10k

Price spread, last 4 days (all we have)+0.251%+$25 · spread now −0.157%, 7d avg −0.114%

Together, before fees+1.109%+$111 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and dYdX is 0.044% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.114%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.858%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	585.95	0.0683	pay 0.0683% / 8h	5h 09m	$48.1M	$26.0M	50x
Short	dYdX XMR-USD	585.03	0.0271	get 0.0034% / 1h	9m 13s	$106K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$86.55
Price spread: −0.157% → −0.114%: −$4.35
Slippage, 4 orders: −$295.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$408.66
Costs to cover: 3.178%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; dYdX: live order book, 55 min ago.

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 KuCoin live order book, 10 min ago	3.92 bp	19.0 bp −$19	52.8 bp −$528	doesn't fit	doesn't fit
Sell dYdX live order book, 55 min ago	74.57 bp	189.4 bp −$189	201.1 bp −$2,011	319.5 bp −$32.0K	722.3 bp −$361.2K

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 −0.0010%	1h	584.97	−0.168%	$46K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.580%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.63	+0.115%	$1.0M	$654K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.07	−0.150%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.00	−0.333%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.07	−0.150%	$12K	—	3x	as long as short
dYdX XMR-USDshort	+0.0271%	1h	585.03	−0.157%	$106K	$50K	5x
Polymarket Perps XMR-USD	+0.0279%	1h	585.48	−0.080%	$23K	$2.1M	5x	as long as short
Lighter XMR	+0.0504%	1h	584.74	−0.206%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDT	+0.0507%	8h	585.75	−0.034%	$47.5M	$64.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0507%	8h	585.93	−0.003%	$21.0M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0508%	8h	585.88	−0.012%	$53.3M	$165.8M	75x	as long as short
Gate XMR_USDT	+0.0557%	8h	585.13	−0.140%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0573%	8h	585.88	−0.012%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0599%	8h	584.94	−0.172%	$9.6M	$14.1M	50x	as long as short
KuCoin XMRUSDTMlong	+0.0683%	8h	585.95	long leg	$48.1M	$26.0M	50x
Backpack XMR_USDC_PERP	+0.0713%	1h	586.05	+0.017%	$172K	$537K	20x	as long as short
Aster XMRUSDT	+0.0721%	8h	586.29	+0.059%	$661K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0778%	8h	584.75	−0.205%	$2.7M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0898%	8h	585.98	+0.005%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0928%	8h	586.80	+0.145%	$341K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0956%	1h	583.15	−0.478%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0981%	1h	586.09	+0.024%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	585.99	+0.007%	$270K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1042% / S −0.1407%	1h	584.99	−0.164%	$652K	—	100x	as long as short
Hyperliquid XMR	+0.1048%	1h	585.80	−0.026%	$88.2M	$70.9M	5x	as long as short
Variational Omni XMR	+0.1064%	8h	586.59	+0.108%	$6.7M	$2.4M	—	as long as short
SoDEX XMR-USD	+0.1081%	1h	584.61	−0.229%	$444K	$3K	5x	as long as short
Extended XMR-USD	+0.1096%	1h	584.88	−0.182%	$3.1M	$7.9M	25x	as long as short
Orderly PERP_XMR_USDC	+0.1112%	8h	585.78	−0.029%	$41K	$721K	10x	as long as short
Aftermath Perps XMRUSD	+0.2450%	1h	585.70	−0.043%	$1K	$45K	10x	as long as short