Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1148%/8h= −125.7% APRpaid last 24h +0.529%

Price spread now: HTX against Lighter−0.150%7-day average −0.288% · you buy dearer than you sell

Net, funding: paid 7d − costs+$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.029%+$203 on $10k

Price spread, last 3 days (all we have)−0.445%−$45 · spread now −0.150%, 7d avg −0.288%

Together, before fees+1.584%+ Points / potential airdropLighter: Season 3 · farm board+$158 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.138% dearer against Lighter than usual: you sell high and buy low (spread −0.150% now, against its 7-day average of −0.288%): +$14 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +2.029%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XMR	592.85	0.1248	pay 0.0156% / 1h	35m 06s	$3.3M	$7.1M	10x
Short	HTX XMR-USDT	591.96	0.0100	get 0.0100% / 8h	7h 35m	$1.1M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$241.08
Price spread: −0.150% → −0.288%: $13.82
Slippage, 4 orders: −$88.11
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$327.37
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; HTX: 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, 3 min ago	2.83 bp	5.0 bp −$5	11.8 bp −$118	106.8 bp −$10.7K	doesn't fit
Sell HTX live order book, 4 min ago	15.90 bp	39.7 bp −$40	266.5 bp −$2,665	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 −0.0009%	1h	591.47	−0.233%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.660%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0076%	1h	591.47	−0.232%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.20	−0.109%	$1.1M	$659K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.93	−0.155%	$2K	$2.0M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	591.96	−0.150%	$1.1M	$1.5M	20x
Aevo XMR-PERP	+0.0184%	1h	592.87	+0.005%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0422%	8h	593.00	+0.026%	$21.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0425%	8h	592.85	0.000%	$54.2M	$166.9M	75x	as long as short
Bitget XMRUSDT	+0.0522%	8h	593.17	+0.054%	$9.8M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0608%	8h	592.66	−0.032%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0637%	8h	592.41	−0.074%	$655K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.78	−0.179%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.75	−0.017%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0676%	8h	592.32	−0.089%	$48.5M	$26.1M	50x	as long as short
Variational Omni XMR	+0.0813%	8h	593.30	+0.077%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0872% / S −0.2452%	1h	591.59	−0.212%	$550K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.0975%	1h	592.45	−0.067%	$201K	$526K	20x	as long as short
Gate XMR_USDT	+0.1007%	8h	592.53	−0.054%	$1.6M	$4.6M	50x	as long as short
Orderly PERP_XMR_USDC	+0.1027%	8h	592.79	−0.010%	$42K	$738K	10x	as long as short
Paradex XMR-USD-PERP	+0.1170%	8h	592.48	−0.063%	$8K	$4K	20x	as long as short
Lighter XMRlong	+0.1248%	1h	592.85	long leg	$3.3M	$7.1M	10x
Polymarket Perps XMR-USD	+0.1317%	1h	592.65	−0.033%	$48K	$1.9M	5x	as long as short
GRVT XMR_USDT_Perp	+0.1340%	8h	593.01	+0.027%	$350K	$804K	10x	as long as short
Nado XMR-PERP	+0.1387%	1h	592.68	−0.028%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USD	+0.1447%	1h	592.94	+0.016%	$451K	$3K	5x	as long as short
BingX XMR-USDT	+0.1447%	8h	592.86	+0.002%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1458%	8h	592.91	+0.010%	$47.8M	$64.5M	75x	as long as short
Hyperliquid XMR	+0.2148%	1h	593.55	+0.118%	$89.9M	$72.4M	5x	as long as short
Extended XMR-USD	+0.2456%	1h	592.90	+0.008%	$3.2M	$7.9M	25x	as long as short
Aftermath Perps XMRUSD	+0.2558%	1h	591.94	−0.153%	$1K	$46K	10x	as long as short