Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0895%/8h= −98.0% APRpaid last 24h −0.259%

Price spread now: Injective against Paradex+0.716%7-day average — · you sell dearer than you buy

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

Long on Paradex 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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.716% dearer against Paradex than usual: you sell high and buy low (spread +0.716% now, against zero (this spread has no 7-day history yet)): +$72 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XMR-USD-PERP	578.41	0.0759	pay 0.0759% / 8h	4h 26m	$8K	$4K	20x
Short	Injective XMR/USDC PERP	582.55	−0.0136	pay 0.0017% / 1h	26m 20s	$3K	$3K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Paradex. 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 ParadexbpFee InjectivebpOrdersPrice spread, now +0.716%Rate

Funding earned: −$187.88
Price spread: +0.716% → 0.000%: $71.64
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$120.27
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Paradex and 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
Injective XMR/USDC PERPshort	−0.0136%	1h	582.55	+0.716%	$3K	$3K	12x
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	577.34	−0.184%	$49K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	577.57	−0.144%	$3.3M	$7.4M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	577.37	−0.179%	$1.0M	$656K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	577.12	−0.222%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	577.74	−0.115%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0149%	1h	576.39	−0.348%	$5.4M	$19.5M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	578.37	−0.007%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0225%	1h	578.03	−0.065%	$26K	$2.2M	5x	as long as short
Gate XMR_USDT	+0.0374%	8h	578.00	−0.070%	$1.5M	$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
Bybit XMRUSDT	+0.0389%	8h	578.22	−0.032%	$47.0M	$64.3M	75x	as long as short
dYdX XMR-USD	+0.0449%	1h	577.06	−0.233%	$104K	$44K	5x	as long as short
MEXC XMR_USDT	+0.0484%	8h	578.35	−0.010%	$20.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0485%	8h	578.44	+0.006%	$52.8M	$164.7M	75x	as long as short
BingX XMR-USDT	+0.0508%	8h	578.58	+0.030%	—	$5.7M	—	as long as short
Backpack XMR_USDC_PERP	+0.0510%	1h	577.37	−0.179%	$169K	$534K	20x	as long as short
KuCoin XMRUSDTM	+0.0511%	8h	577.60	−0.139%	$45.1M	$26.6M	50x	as long as short
Bitget XMRUSDT	+0.0526%	8h	577.89	−0.089%	$9.4M	$14.0M	50x	as long as short
Extended XMR-USD	+0.0616%	1h	578.09	−0.055%	$3.1M	$8.4M	25x	as long as short
Pacifica XMR	+0.0626%	1h	578.23	−0.031%	$268K	$1.1M	10x	as long as short
Aster XMRUSDT	+0.0681%	8h	577.98	−0.074%	$642K	$2.4M	75x	as long as short
Nado XMR-PERP	+0.0717%	1h	578.17	−0.041%	$1.3M	$466K	10x	as long as short
Hyperliquid XMR	+0.0748%	1h	578.50	+0.016%	$86.9M	$71.1M	5x	as long as short
Paradex XMR-USD-PERPlong	+0.0759%	8h	578.41	long leg	$8K	$4K	20x
BloFin XMR-USDT	+0.0795%	8h	577.67	−0.127%	$2.7M	$11.3M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0858%	8h	577.75	−0.114%	$346K	$742K	10x	as long as short
SoDEX XMR-USD	+0.0943%	1h	577.91	−0.086%	$439K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0992% / S −0.1253%	1h	577.44	−0.168%	$594K	—	100x	as long as short
Variational Omni XMR	+0.1025%	8h	577.31	−0.190%	$6.6M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1123%	8h	578.28	−0.022%	$41K	$734K	10x	as long as short
Aftermath Perps XMRUSD	+0.2061%	1h	577.13	−0.220%	$1K	$44K	10x	as long as short