Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h −0.038%

Price spread now: KuCoin against Lighter+0.026%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$28 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.026%, 7d avg −0.041%

Together, before fees−0.272%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.066% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.041%. Mind the row above: over the last 7 days funding on this pair cost −0.285%, 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	571.11	0.0304	pay 0.0038% / 1h	59m 35s	$3.0M	$4.7M	10x
Short	KuCoin XMRUSDTM	571.26	0.0455	get 0.0455% / 8h	6h 59m	$45.3M	$17.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.026%Rate

Funding earned: $31.71
Price spread: +0.026% → −0.041%: $6.63
Slippage, 4 orders: −$35.32
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.97
Costs to cover: 0.473%
Break-even: 9.0 days

Slippage from Lighter: live order book, 3 min ago; KuCoin: live order book, 9 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	4.66 bp	5.5 bp −$5	18.5 bp −$185	460.6 bp −$46.1K	doesn't fit
Sell KuCoin live order book, 9 min ago	3.58 bp	16.4 bp −$16	43.6 bp −$436	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 −0.0005%	1h	570.03	−0.189%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.003%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	570.68	−0.076%	$1.0M	$530K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	571.29	+0.031%	$30K	$1.5M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	570.27	−0.148%	$2K	$1.1M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	569.03	−0.365%	$1.0M	$1.0M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	571.01	−0.018%	$12K	—	3x	as long as short
Lighter XMRlong	+0.0304%	1h	571.11	long leg	$3.0M	$4.7M	10x
Kraken Futures PF_XMRUSD	+0.0373%	1h	570.28	−0.145%	$5.4M	$7.3M	50x	as long as short
Gate XMR_USDT	+0.0377%	8h	570.97	−0.025%	$1.6M	$2.2M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTMshort	+0.0455%	8h	571.26	+0.026%	$45.3M	$17.0M	50x
MEXC XMR_USDT	+0.0462%	8h	571.43	+0.056%	$19.9M	$8.9M	100x	as long as short
Binance XMRUSDT	+0.0462%	8h	571.50	+0.069%	$52.3M	$96.6M	75x	as long as short
Bybit XMRUSDT	+0.0465%	8h	571.60	+0.085%	$46.4M	$46.6M	75x	as long as short
Pacifica XMR	+0.0550%	1h	571.48	+0.064%	$270K	$698K	10x	as long as short
Aster XMRUSDT	+0.0563%	8h	571.14	+0.004%	$660K	$1.5M	75x	as long as short
BingX XMR-USDT	+0.0573%	8h	571.35	+0.041%	—	$5.0M	—	as long as short
Bitget XMRUSDT	+0.0614%	8h	571.94	+0.145%	$9.3M	$10.0M	50x	as long as short
Extended XMR-USD	+0.0624%	1h	571.15	+0.006%	$3.0M	$7.2M	25x	as long as short
Hyperliquid XMR	+0.0638%	1h	571.57	+0.080%	$86.8M	$55.9M	5x	as long as short
Nado XMR-PERP	+0.0691%	1h	571.68	+0.099%	$1.2M	$228K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0711%	8h	570.46	−0.114%	$331K	$639K	10x	as long as short
Paradex XMR-USD-PERP	+0.0735%	8h	571.19	+0.013%	$8K	$1K	20x	as long as short
BloFin XMR-USDT	+0.0784%	8h	570.69	−0.074%	$2.7M	$9.6M	75x	as long as short
Variational Omni XMR	+0.0797%	8h	569.95	−0.204%	$6.1M	$2.3M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0982% / S −0.1195%	1h	569.47	−0.287%	$592K	—	100x	as long as short
SoDEX XMR-USD	+0.1051%	1h	571.29	+0.031%	$434K	$4K	5x	as long as short
Orderly PERP_XMR_USDC	+0.1093%	8h	571.06	−0.009%	$40K	$394K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1160%	1h	571.16	+0.008%	$128K	$413K	20x	as long as short
dYdX XMR-USD	+0.1796%	1h	570.19	−0.162%	$103K	$26K	5x	as long as short
Aftermath Perps XMRUSD	+0.2060%	1h	570.70	−0.072%	$1K	$38K	10x	as long as short