Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.002%

Price spread now: BingX against Lighter+0.032%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.032%, 7d avg +0.030%

Together, before fees−0.171%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.172%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XMR	601.41	0.0264	pay 0.0033% / 1h	53m 39s	$3.4M	$6.9M	10x
Short	BingX XMR-USDT	601.60	0.0401	get 0.0401% / 8h	53m 39s	—	$5.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $28.77
Price spread: +0.032% → +0.030%: $0.13
Slippage, 4 orders: −$20.39
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1.49
Costs to cover: 0.304%
Break-even: 7.4 days

Slippage from Lighter: live order book, 10 min ago; BingX: live order book, 7 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, 10 min ago	2.52 bp	5.0 bp −$5	17.9 bp −$179	127.8 bp −$12.8K	doesn't fit
Sell BingX live order book, 7 min ago	0.58 bp	9.5 bp −$10	27.6 bp −$276	83.8 bp −$8,379	555.5 bp −$277.7K

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 −0.0009%	1h	600.54	−0.145%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	602.08	+0.111%	$49.0M	$62.6M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	600.58	−0.138%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	601.00	−0.068%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	601.33	−0.013%	$12K	—	3x	as long as short
Lighter XMRlong	+0.0264%	1h	601.41	long leg	$3.4M	$6.9M	10x
Binance XMRUSDT	+0.0333%	8h	601.76	+0.058%	$55.1M	$163.8M	75x	as long as short
MEXC XMR_USDT	+0.0334%	8h	601.77	+0.060%	$22.5M	$14.9M	100x	as long as short
Variational Omni XMR	+0.0369%	8h	602.00	+0.099%	$7.0M	$2.5M	—	as long as short
BingX XMR-USDTshort	+0.0401%	8h	601.60	+0.032%	—	$5.7M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0426%	8h	602.02	+0.101%	$10.1M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0458%	1h	600.31	−0.182%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0461%	8h	601.64	+0.038%	$2.8M	$11.7M	75x	as long as short
Gate XMR_USDT	+0.0540%	8h	601.01	−0.067%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	601.73	+0.053%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0578%	8h	601.06	−0.058%	$49.1M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0586%	8h	601.70	+0.048%	$694K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0610%	8h	601.80	+0.065%	$351K	$797K	10x	as long as short
SoDEX XMR-USD	+0.0677%	1h	601.63	+0.037%	$457K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.0689%	1h	601.68	+0.045%	$23K	$1.8M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0790%	1h	600.70	−0.118%	$205K	$575K	20x	as long as short
Paradex XMR-USD-PERP	+0.0872%	8h	601.87	+0.077%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0891% / S −0.2423%	1h	600.29	−0.186%	$553K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0957%	8h	601.60	+0.032%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1207%	1h	601.44	+0.005%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.773%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1523%	1h	602.10	+0.115%	$90.6M	$69.9M	5x	as long as short
Extended XMR-USD	+0.1832%	1h	601.65	+0.039%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1974%	8h	599.38	−0.338%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2325%	1h	600.60	−0.134%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.3065%	1h	600.96	−0.075%	$109K	$50K	5x	as long as short