Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0681%/8h= −74.6% APRpaid last 24h −0.152%

Price spread now: edgeX against KuCoin+0.228%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.296%−$30 on $10k

Price spread, last 4 days (all we have)+1.397%+$140 · spread now +0.228%, 7d avg +0.103%

Together, before fees+1.101%+ Points / potential airdropedgeX: Active · farm board+$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.124% dearer against KuCoin than usual: you sell high and buy low (spread +0.228% now, against its 7-day average of +0.103%): +$12 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.296% in total) that is about 2.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.296% in total (about -15.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	585.16	0.0781	pay 0.0781% / 8h	5h 59m	$48.0M	$26.1M	50x
Short	edgeX XMRUSDC	586.49	0.0100	get 0.0050% / 4h	1h 59m	$1.0M	$670K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.228%Rate

Funding earned: −$143.01
Price spread: +0.228% → +0.103%: $12.44
Slippage, 4 orders: −$48.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$200.01
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; edgeX: live order book, 4 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, 5 min ago	3.41 bp	21.0 bp −$21	47.0 bp −$470	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	10.14 bp	14.7 bp −$15	15.4 bp −$154	doesn't fit	doesn't fit

XMR on 30 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	584.38	−0.133%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.982%	$3K	$4K	12x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	586.49	+0.228%	$1.0M	$670K	10x
Polymarket Perps XMR-USD	+0.0100%	1h	585.54	+0.065%	$31K	$2.1M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.04	+0.150%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	585.95	+0.135%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.70	+0.092%	$12K	—	3x	as long as short
Hyperliquid XMR	+0.0356%	1h	584.84	−0.055%	$88.3M	$73.1M	5x	as long as short
dYdX XMR-USD	+0.0396%	1h	585.60	+0.075%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0520%	8h	585.05	−0.019%	$20.8M	$15.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0520%	8h	585.69	+0.091%	$53.4M	$167.9M	75x	as long as short
Lighter XMR	+0.0536%	1h	584.92	−0.040%	$3.3M	$7.1M	10x	as long as short
Bitget XMRUSDT	+0.0620%	8h	584.94	−0.038%	$9.6M	$14.2M	50x	as long as short
Nado XMR-PERP	+0.0665%	1h	585.23	+0.012%	$1.3M	$466K	10x	as long as short
Aster XMRUSDT	+0.0709%	8h	585.87	+0.122%	$653K	$2.4M	75x	as long as short
SoDEX XMR-USD	+0.0735%	1h	585.54	+0.065%	$445K	$3K	5x	as long as short
BingX XMR-USDT	+0.0757%	8h	585.58	+0.072%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0765%	8h	585.42	+0.044%	$47.4M	$65.0M	75x	as long as short
KuCoin XMRUSDTMlong	+0.0781%	8h	585.16	long leg	$48.0M	$26.1M	50x
Gate XMR_USDT	+0.0793%	8h	584.86	−0.051%	$1.6M	$4.5M	50x	as long as short
Pacifica XMR	+0.0821%	1h	586.61	+0.248%	$270K	$1.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0870%	1h	585.87	+0.121%	$173K	$539K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0955%	1h	584.02	−0.194%	$5.5M	$20.5M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0968% / S −0.1236%	1h	584.34	−0.141%	$652K	—	100x	as long as short
Variational Omni XMR	+0.1060%	8h	586.46	+0.223%	$6.7M	$2.5M	—	as long as short
GRVT XMR_USDT_Perp	+0.1061%	8h	586.38	+0.209%	$343K	$773K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1081%	8h	585.50	+0.058%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1191%	8h	586.69	+0.261%	$8K	$4K	20x	as long as short
Extended XMR-USD	+0.1704%	1h	585.43	+0.046%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2660%	1h	586.20	+0.178%	$1K	$46K	10x	as long as short