Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −0.039%

Price spread now: Bitget against Lighter−0.095%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 7 days+0.143%+$14 · spread now −0.095%, 7d avg +0.031%

Together, before fees−0.132%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.127% cheaper against Lighter than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.031%). If the spread goes back, that is −$13 on $10k: about 7.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.274%, 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	583.01	0.0560	pay 0.0070% / 1h	42m 40s	$3.3M	$7.1M	10x
Short	Bitget XMRUSDT	582.45	0.0614	get 0.0614% / 8h	5h 42m	$9.5M	$14.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.095%Rate

Funding earned: $11.34
Price spread: −0.095% → +0.031%: −$12.67
Slippage, 4 orders: −$34.19
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.52
Costs to cover: 0.462%
Break-even: 36.3 days

Slippage from Lighter: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago	2.15 bp	2.2 bp −$2	12.7 bp −$127	131.1 bp −$13.1K	doesn't fit
Sell Bitget live order book, 1 min ago	4.20 bp	18.8 bp −$19	33.5 bp −$335	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 −0.0010%	1h	581.69	−0.226%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.359%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	582.45	−0.095%	$1.0M	$663K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.33	−0.116%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	582.50	−0.087%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	582.98	−0.005%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0379%	1h	581.64	−0.234%	$105K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0455%	1h	582.94	−0.011%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDT	+0.0515%	8h	583.50	+0.085%	$20.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0519%	8h	583.38	+0.064%	$53.1M	$166.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XMR_USDC_PERP	+0.0555%	1h	582.86	−0.025%	$171K	$539K	20x	as long as short
Lighter XMRlong	+0.0560%	1h	583.01	long leg	$3.3M	$7.1M	10x
Bitget XMRUSDTshort	+0.0614%	8h	582.45	−0.095%	$9.5M	$14.1M	50x
Gate XMR_USDT	+0.0638%	8h	582.87	−0.023%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0671%	8h	583.46	+0.078%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0675%	8h	583.31	+0.052%	$47.4M	$64.8M	75x	as long as short
Aster XMRUSDT	+0.0707%	8h	582.48	−0.090%	$649K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0779%	8h	582.64	−0.063%	$47.9M	$26.1M	50x	as long as short
BloFin XMR-USDT	+0.0793%	8h	583.30	+0.050%	$2.8M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0958%	1h	581.94	−0.183%	$5.5M	$19.7M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0982%	8h	581.71	−0.222%	$344K	$786K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0996% / S −0.1304%	1h	581.73	−0.219%	$648K	—	100x	as long as short
Pacifica XMR	+0.0996%	1h	583.42	+0.071%	$263K	$1.1M	10x	as long as short
Paradex XMR-USD-PERP	+0.1008%	8h	583.12	+0.019%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1016%	1h	582.98	−0.005%	$1.3M	$463K	10x	as long as short
Variational Omni XMR	+0.1069%	8h	581.83	−0.201%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1088%	8h	583.17	+0.028%	$42K	$736K	10x	as long as short
Hyperliquid XMR	+0.1170%	1h	583.34	+0.057%	$87.7M	$71.9M	5x	as long as short
SoDEX XMR-USD	+0.1354%	1h	583.31	+0.052%	$443K	$3K	5x	as long as short
Extended XMR-USD	+0.1432%	1h	583.23	+0.038%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2613%	1h	583.15	+0.025%	$1K	$46K	10x	as long as short