Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0492%/8h= −53.9% APRpaid last 24h −0.153%

Price spread now: SunX against Lighter+0.012%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.589%−$59 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.012%, 7d avg −0.066%

Together, before fees−0.679%+ Points / potential airdropLighter: Season 3 · farm board−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.078% dearer against Lighter than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.066%): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XMR	574.63	0.0592	pay 0.0074% / 1h	51m 08s	$3.1M	$5.5M	10x
Short	SunX XMR-USDT	574.70	0.0100	get 0.0100% / 8h	7h 51m	$2K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$103.32
Price spread: +0.012% → −0.066%: $7.83
Slippage, 4 orders: −$60.14
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$163.64
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; SunX: live order book, 2 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, 7 min ago	3.56 bp	4.3 bp −$4	20.3 bp −$203	321.8 bp −$32.2K	doesn't fit
Sell SunX live order book, 2 min ago	13.35 bp	23.9 bp −$24	doesn't fit	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	574.14	−0.086%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.378%	$3K	$3K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	574.47	−0.028%	$46.6M	$49.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.65	−0.170%	$1.0M	$543K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	574.23	−0.070%	$30K	$1.7M	5x	as long as short
SunX XMR-USDTshort	+0.0100%	8h	574.70	+0.012%	$2K	$1.2M	20x
HTX XMR-USDT	+0.0100%	8h	573.95	−0.119%	$1.1M	$1.1M	20x	as long as short
Gate XMR_USDT	+0.0138%	8h	574.58	−0.009%	$1.6M	$2.6M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	574.90	+0.047%	$12K	—	3x	as long as short
Extended XMR-USD	+0.0256%	1h	574.70	+0.012%	$3.0M	$7.6M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0342%	8h	574.87	+0.041%	$45.5M	$17.8M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0370%	1h	574.08	−0.097%	$5.5M	$9.1M	50x	as long as short
MEXC XMR_USDT	+0.0491%	8h	574.96	+0.057%	$20.2M	$9.6M	100x	as long as short
Binance XMRUSDT	+0.0494%	8h	574.61	−0.004%	$52.5M	$105.7M	75x	as long as short
BingX XMR-USDT	+0.0504%	8h	574.49	−0.025%	—	$5.2M	—	as long as short
Bitget XMRUSDT	+0.0532%	8h	575.13	+0.087%	$9.4M	$10.1M	50x	as long as short
Pacifica XMR	+0.0550%	1h	574.54	−0.016%	$268K	$757K	10x	as long as short
Lighter XMRlong	+0.0592%	1h	574.63	long leg	$3.1M	$5.5M	10x
Hyperliquid XMR	+0.0618%	1h	574.66	+0.005%	$87.2M	$58.7M	5x	as long as short
GRVT XMR_USDT_Perp	+0.0620%	8h	573.51	−0.195%	$343K	$623K	10x	as long as short
Aster XMRUSDT	+0.0621%	8h	574.53	−0.018%	$643K	$1.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.0674%	8h	574.67	+0.006%	$8K	$2K	20x	as long as short
BloFin XMR-USDT	+0.0802%	8h	574.90	+0.047%	$2.7M	$9.9M	75x	as long as short
Variational Omni XMR	+0.0826%	8h	574.08	−0.096%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERP	+0.0907%	1h	575.17	+0.094%	$1.3M	$318K	10x	as long as short
SoDEX XMR-USD	+0.0908%	1h	574.89	+0.045%	$437K	$4K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1078% / S −0.1372%	1h	574.02	−0.107%	$598K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1112%	8h	574.75	+0.021%	$40K	$434K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1184%	1h	574.56	−0.013%	$136K	$431K	20x	as long as short
dYdX XMR-USD	+0.1283%	1h	573.38	−0.218%	$104K	$29K	5x	as long as short
Aftermath Perps XMRUSD	+0.2100%	1h	573.21	−0.247%	$1K	$39K	10x	as long as short