Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0751%/8h= +82.2% APRpaid last 24h +0.017%

Price spread now: Lighter against MEXC+0.085%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 7 days−0.126%−$13 · spread now +0.085%, 7d avg −0.039%

Together, before fees+0.045%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter is 0.124% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.039%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.170% in total (about 8.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XMR_USDT	588.00	0.0433	pay 0.0433% / 8h	7h 07m	$21.3M	$15.3M	100x
Short	Lighter XMR	588.50	0.1184	get 0.0148% / 1h	7m 36s	$3.3M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.085%Rate

Funding earned: $157.71
Price spread: +0.085% → −0.039%: $12.43
Slippage, 4 orders: −$11.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $154.5
Costs to cover: 0.156%
Break-even: 0.1 days

Slippage from MEXC: live order book, 1 min ago; Lighter: live order book, 6 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 MEXC live order book, 1 min ago	0.09 bp	3.9 bp −$4	31.1 bp −$311	64.6 bp −$6,460	210.3 bp −$105.2K
Sell Lighter live order book, 6 min ago	2.36 bp	3.5 bp −$3	17.8 bp −$178	114.3 bp −$11.4K	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	588.69	+0.117%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.490%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.39	−0.104%	$1.0M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	588.06	+0.010%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	589.00	+0.170%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0127%	1h	587.12	−0.150%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0192%	1h	589.78	+0.303%	$12K	—	3x	as long as short
MEXC XMR_USDTlong	+0.0433%	8h	588.00	long leg	$21.3M	$15.3M	100x
Binance XMRUSDT	+0.0438%	8h	588.20	+0.034%	$53.7M	$167.0M	75x	as long as short
Bitget XMRUSDT	+0.0565%	8h	588.35	+0.060%	$9.7M	$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	+0.0628%	8h	588.71	+0.121%	$2.7M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0629%	8h	588.80	+0.136%	$653K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0646%	1h	588.95	+0.162%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	588.39	+0.067%	$270K	$1.1M	10x	as long as short
Gate XMR_USDT	+0.0669%	8h	588.01	+0.002%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0724%	8h	588.00	0.000%	$48.2M	$26.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2461%	1h	588.55	+0.094%	$548K	—	100x	as long as short
Variational Omni XMR	+0.0908%	8h	587.73	−0.046%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0913%	8h	587.33	−0.113%	$347K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0988%	1h	589.35	+0.230%	$185K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1043%	8h	589.95	+0.332%	$43K	$739K	10x	as long as short
Polymarket Perps XMR-USD	+0.1130%	1h	589.18	+0.201%	$46K	$1.9M	5x	as long as short
BingX XMR-USDT	+0.1172%	8h	588.55	+0.094%	—	$5.8M	—	as long as short
Lighter XMRshort	+0.1184%	1h	588.50	+0.085%	$3.3M	$7.2M	10x
Bybit XMRUSDT	+0.1211%	8h	588.54	+0.092%	$47.4M	$64.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.1271%	8h	588.13	+0.021%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1300%	1h	590.09	+0.355%	$448K	$3K	5x	as long as short
Nado XMR-PERP	+0.1394%	1h	589.13	+0.192%	$1.3M	$464K	10x	as long as short
Hyperliquid XMR	+0.1909%	1h	588.88	+0.150%	$89.4M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2424%	1h	588.35	+0.059%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2644%	1h	588.31	+0.053%	$1K	$46K	10x	as long as short