Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0480%/8h= −52.5% APRpaid last 24h −0.126%

Price spread now: Injective against MEXC+1.100%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.100% dearer against MEXC than usual: you sell high and buy low (spread +1.100% now, against zero (this spread has no 7-day history yet)): +$110 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XMR_USDT	576.21	0.0513	pay 0.0513% / 8h	3h 54m	$20.2M	$14.7M	100x
Short	Injective XMR/USDC PERP	582.55	0.0033	get 0.0004% / 1h	54m 58s	$3K	$3K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now +1.100%Rate

Funding earned: −$100.73
Price spread: +1.100% → 0.000%: $110.03
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $5.28
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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 MEXC live order book, 4 min ago	0.09 bp	3.3 bp −$3	28.4 bp −$284	64.8 bp −$6,480	224.0 bp −$112.0K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0008%	1h	574.62	−0.276%	$50K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	582.55	+1.100%	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	575.39	−0.142%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.37	−0.146%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.59	−0.108%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	575.83	−0.066%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	574.29	−0.333%	$5.4M	$19.4M	50x	as long as short
KuCoin XMRUSDTM	+0.0384%	8h	575.07	−0.198%	$45.0M	$26.5M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0425%	1h	575.68	−0.092%	$170K	$534K	20x	as long as short
Gate XMR_USDT	+0.0453%	8h	575.59	−0.108%	$1.6M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0487%	8h	576.42	+0.036%	—	$5.6M	—	as long as short
Bybit XMRUSDT	+0.0488%	8h	576.12	−0.016%	$46.9M	$64.5M	75x	as long as short
Lighter XMR	+0.0496%	1h	575.94	−0.048%	$3.2M	$7.5M	10x	as long as short
Bitget XMRUSDT	+0.0512%	8h	576.35	+0.024%	$9.5M	$13.8M	50x	as long as short
MEXC XMR_USDTlong	+0.0513%	8h	576.21	long leg	$20.2M	$14.7M	100x
Binance XMRUSDT	+0.0514%	8h	576.25	+0.007%	$52.7M	$164.1M	75x	as long as short
dYdX XMR-USD	+0.0523%	1h	574.43	−0.309%	$104K	$44K	5x	as long as short
Pacifica XMR	+0.0682%	1h	575.71	−0.087%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0683%	8h	575.59	−0.108%	$638K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0708%	1h	575.80	−0.071%	$25K	$2.1M	5x	as long as short
Extended XMR-USD	+0.0720%	1h	576.11	−0.017%	$3.1M	$8.4M	25x	as long as short
BloFin XMR-USDT	+0.0836%	8h	575.64	−0.099%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0902%	8h	575.55	−0.115%	$345K	$721K	10x	as long as short
Paradex XMR-USD-PERP	+0.0925%	8h	575.57	−0.111%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1254%	1h	574.59	−0.282%	$592K	—	100x	as long as short
Nado XMR-PERP	+0.1016%	1h	575.75	−0.080%	$1.3M	$460K	10x	as long as short
Variational Omni XMR	+0.1063%	8h	575.28	−0.161%	$6.5M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1128%	8h	575.80	−0.071%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1195%	1h	575.99	−0.038%	$86.7M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1484%	1h	576.09	−0.021%	$438K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1930%	1h	575.83	−0.066%	$1K	$44K	10x	as long as short