Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.030%

Price spread now: Lighter against KuCoin+0.065%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.303%+$30 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.065%, 7d avg +0.041%

Together, before fees+0.236%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.024% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	571.68	0.0292	pay 0.0292% / 8h	21m 29s	$45.2M	$18.8M	50x
Short	Lighter XMR	572.05	0.0328	get 0.0041% / 1h	21m 29s	$3.1M	$5.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.065%Rate

Funding earned: $7.56
Price spread: +0.065% → +0.041%: $2.42
Slippage, 4 orders: −$30.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.17
Costs to cover: 0.422%
Break-even: 36.8 days

Slippage from KuCoin: live order book, 8 min ago; Lighter: live order book, 12 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, 8 min ago	3.74 bp	14.3 bp −$14	32.1 bp −$321	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	3.23 bp	6.6 bp −$7	16.7 bp −$167	158.7 bp −$15.9K	doesn't fit

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
Variational Omni XMR	0.0000%	8h	573.10	+0.248%	$6.2M	$2.3M	—	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0004%	1h	570.74	−0.164%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.901%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	571.98	+0.052%	$1.0M	$532K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	571.51	−0.030%	$28K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.05	+0.065%	$2K	$1.3M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.69	+0.002%	$1.1M	$1.1M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	571.86	+0.032%	$3.0M	$8.0M	25x	as long as short
Aevo XMR-PERP	+0.0208%	1h	572.16	+0.085%	$12K	—	3x	as long as short
KuCoin XMRUSDTMlong	+0.0292%	8h	571.68	long leg	$45.2M	$18.8M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMRshort	+0.0328%	1h	572.05	+0.065%	$3.1M	$5.9M	10x
Backpack XMR_USDC_PERP	+0.0419%	1h	572.03	+0.061%	$174K	$420K	20x	as long as short
Bybit XMRUSDT	+0.0449%	8h	571.79	+0.019%	$46.3M	$52.0M	75x	as long as short
Hyperliquid XMR	+0.0474%	1h	571.79	+0.019%	$86.8M	$60.7M	5x	as long as short
Gate XMR_USDT	+0.0493%	8h	571.61	−0.012%	$1.6M	$2.9M	50x	as long as short
BingX XMR-USDT	+0.0496%	8h	572.09	+0.072%	—	$5.4M	—	as long as short
Bitget XMRUSDT	+0.0516%	8h	572.06	+0.066%	$9.4M	$10.6M	50x	as long as short
MEXC XMR_USDT	+0.0520%	8h	571.72	+0.007%	$20.1M	$11.1M	100x	as long as short
Binance XMRUSDT	+0.0521%	8h	571.79	+0.019%	$52.1M	$112.7M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0619%	1h	571.38	−0.052%	$5.4M	$9.8M	50x	as long as short
Paradex XMR-USD-PERP	+0.0651%	8h	572.23	+0.097%	$8K	$2K	20x	as long as short
Aster XMRUSDT	+0.0662%	8h	571.51	−0.030%	$639K	$1.7M	75x	as long as short
dYdX XMR-USD	+0.0695%	1h	571.78	+0.017%	$104K	$29K	5x	as long as short
Pacifica XMR	+0.0735%	1h	572.07	+0.068%	$268K	$798K	10x	as long as short
SoDEX XMR-USD	+0.0736%	1h	572.28	+0.105%	$435K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0839%	8h	572.76	+0.189%	$2.7M	$10.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0851%	8h	572.45	+0.135%	$341K	$637K	10x	as long as short
Nado XMR-PERP	+0.0995%	1h	572.15	+0.083%	$1.2M	$336K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1122% / S −0.1459%	1h	570.66	−0.179%	$594K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1164%	8h	572.19	+0.089%	$40K	$458K	10x	as long as short
Aftermath Perps XMRUSD	+0.1959%	1h	571.83	+0.026%	$1K	$40K	10x	as long as short