Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.001%

Price spread now: Injective against SunX+1.507%61s7-day average — · you sell dearer than you buy

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

Long on SunX 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 1.507% dearer against SunX than usual: you sell high and buy low (spread +1.507% now, against zero (this spread has no 7-day history yet)): +$151 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XMR-USDT	573.90	0.0100	pay 0.0100% / 8h	3h 12m	$2K	$1.9M	20x
Short	Injective XMR/USDC PERP	582.55	0.0033	get 0.0004% / 1h	12m 02s	$3K	$3K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now +1.507%Rate

Funding earned: −$14
Price spread: +1.507% → 0.000%: $150.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $128.7
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: 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 SunX live order book, 4 min ago	13.48 bp	36.2 bp −$36	doesn't fit	doesn't fit	doesn't fit
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 −0.0003%	1h	573.59	−0.055%	$37K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	582.55	+1.507%	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	575.17	+0.222%	$1.0M	$645K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	573.90	long leg	$2K	$1.9M	20x
HTX XMR-USDT	+0.0100%	8h	573.00	−0.157%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	575.70	+0.314%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	573.58	−0.055%	$5.4M	$19.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0303%	8h	574.24	+0.059%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0478%	8h	575.32	+0.247%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0522%	8h	574.82	+0.160%	$9.5M	$13.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0561%	8h	574.67	+0.134%	$1.5M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0571%	8h	574.63	+0.127%	$19.9M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0572%	8h	574.61	+0.124%	$52.5M	$163.0M	75x	as long as short
BingX XMR-USDT	+0.0613%	8h	574.75	+0.148%	—	$5.6M	—	as long as short
Lighter XMR	+0.0624%	1h	574.65	+0.131%	$3.1M	$7.6M	10x	as long as short
Bybit XMRUSDT	+0.0643%	8h	574.58	+0.118%	$46.7M	$64.3M	75x	as long as short
Pacifica XMR	+0.0682%	1h	575.22	+0.230%	$266K	$1.0M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0689%	1h	574.15	+0.044%	$169K	$532K	20x	as long as short
Extended XMR-USD	+0.0696%	1h	574.49	+0.103%	$3.1M	$8.3M	25x	as long as short
Aster XMRUSDT	+0.0723%	8h	574.87	+0.169%	$642K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0729%	1h	574.29	+0.068%	$28K	$2.2M	5x	as long as short
dYdX XMR-USD	+0.0869%	1h	574.30	+0.069%	$104K	$44K	5x	as long as short
BloFin XMR-USDT	+0.0942%	8h	575.37	+0.256%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0986%	8h	576.48	+0.450%	$341K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0990% / S −0.1256%	1h	573.44	−0.081%	$591K	—	100x	as long as short
Nado XMR-PERP	+0.1114%	1h	574.70	+0.139%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1143%	8h	573.01	−0.154%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1148%	8h	574.47	+0.099%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1220%	1h	574.58	+0.118%	$86.6M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1392%	1h	574.66	+0.132%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1887%	1h	574.20	+0.052%	$2K	$43K	10x	as long as short