Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0560%/8h= +61.3% APRpaid last 24h −0.005%

Price spread now: Aster against Lighter−0.034%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.156%−$16 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.034%, 7d avg −0.019%

Together, before fees−0.158%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate. Mind the row above: over the last 6 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.156% in total (about -10.1% 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	Lighter XMR	577.76	0.0192	pay 0.0024% / 1h	58m 48s	$3.1M	$5.8M	10x
Short	Aster XMRUSDT	577.56	0.0752	get 0.0752% / 8h	58m 48s	$645K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.034%Rate

Funding earned: $117.51
Price spread: −0.034% → −0.019%: −$1.52
Slippage, 4 orders: −$25.98
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $82
Costs to cover: 0.340%
Break-even: 2.1 days

Slippage from Lighter: live order book, 4 min ago; Aster: 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 Lighter live order book, 4 min ago	3.95 bp	5.4 bp −$5	17.5 bp −$175	268.1 bp −$26.8K	doesn't fit
Sell Aster live order book, 4 min ago	1.90 bp	12.2 bp −$12	39.9 bp −$399	doesn't fit	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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0004%	1h	577.14	−0.108%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.829%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	577.59	−0.030%	$1.0M	$563K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	577.68	−0.014%	$26K	$1.8M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	577.54	−0.038%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	578.55	+0.136%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	577.81	+0.008%	$3.0M	$8.0M	25x	as long as short
SoDEX XMR-USD	+0.0126%	1h	577.92	+0.027%	$439K	$3K	5x	as long as short
Lighter XMRlong	+0.0192%	1h	577.76	long leg	$3.1M	$5.8M	10x
Backpack XMR_USDC_PERP	+0.0216%	1h	577.43	−0.057%	$176K	$479K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo XMR-PERP	+0.0232%	1h	578.20	+0.075%	$12K	—	3x	as long as short
Hyperliquid XMR	+0.0250%	1h	577.90	+0.023%	$87.6M	$63.1M	5x	as long as short
KuCoin XMRUSDTM	+0.0294%	8h	577.56	−0.035%	$45.7M	$20.8M	50x	as long as short
dYdX XMR-USD	+0.0434%	1h	578.38	+0.107%	$105K	$42K	5x	as long as short
Bybit XMRUSDT	+0.0550%	8h	577.41	−0.061%	$46.8M	$55.3M	75x	as long as short
Bitget XMRUSDT	+0.0567%	8h	576.75	−0.175%	$9.6M	$11.2M	50x	as long as short
BingX XMR-USDT	+0.0573%	8h	578.00	+0.041%	—	$5.3M	—	as long as short
MEXC XMR_USDT	+0.0591%	8h	577.95	+0.033%	$20.3M	$11.0M	100x	as long as short
Binance XMRUSDT	+0.0591%	8h	577.90	+0.023%	$52.6M	$121.6M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0613%	1h	577.11	−0.112%	$5.4M	$12.4M	50x	as long as short
Gate XMR_USDT	+0.0625%	8h	577.57	−0.033%	$1.6M	$2.8M	50x	as long as short
Paradex XMR-USD-PERP	+0.0651%	8h	578.46	+0.120%	$8K	$3K	20x	as long as short
Aster XMRUSDTshort	+0.0752%	8h	577.56	−0.034%	$645K	$1.8M	75x
GRVT XMR_USDT_Perp	+0.0940%	8h	577.61	−0.026%	$335K	$652K	10x	as long as short
BloFin XMR-USDT	+0.0941%	8h	577.91	+0.026%	$2.7M	$10.6M	75x	as long as short
Pacifica XMR	+0.1002%	1h	578.29	+0.092%	$274K	$846K	10x	as long as short
Variational Omni XMR	+0.1008%	8h	577.39	−0.064%	$6.3M	$2.3M	—	as long as short
Nado XMR-PERP	+0.1048%	1h	578.00	+0.042%	$1.3M	$435K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1171% / S −0.1566%	1h	577.13	−0.110%	$598K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1172%	8h	577.73	−0.006%	$41K	$520K	10x	as long as short
Aftermath Perps XMRUSD	+0.1799%	1h	577.66	−0.018%	$1K	$40K	10x	as long as short