Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0331%/8h= −36.3% APRpaid last 24h +0.234%

Price spread now: dYdX against Bitget+0.077%7-day average −0.203% · you sell dearer than you buy

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$3153.145% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.849%+$85 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.077%, 7d avg −0.203%

Together, before fees+0.748%+$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.280% dearer against Bitget than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.203%): +$28 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.849%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XMRUSDT	582.44	0.0597	pay 0.0597% / 8h	5h 08m	$9.5M	$14.1M	50x
Short	dYdX XMR-USD	582.89	0.0266	get 0.0033% / 1h	8m 05s	$106K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$69.6
Price spread: +0.077% → −0.203%: $28.04
Slippage, 4 orders: −$292.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$356.09
Costs to cover: 3.145%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; dYdX: live order book, 56 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 Bitget live order book, just now	3.94 bp	17.1 bp −$17	34.6 bp −$346	doesn't fit	doesn't fit
Sell dYdX live order book, 56 min ago	74.57 bp	189.4 bp −$189	201.1 bp −$2,011	319.5 bp −$32.0K	722.3 bp −$361.2K

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 −0.0010%	1h	582.44	+0.001%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.019%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.63	+0.719%	$1.0M	$654K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.48	+0.007%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	583.00	+0.096%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.30	+0.149%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0264%	1h	583.00	+0.096%	$24K	$2.1M	5x	as long as short
dYdX XMR-USDshort	+0.0266%	1h	582.89	+0.077%	$106K	$50K	5x
Bybit XMRUSDT	+0.0499%	8h	582.30	−0.024%	$47.3M	$64.1M	75x	as long as short
Lighter XMR	+0.0504%	1h	583.04	+0.103%	$3.3M	$7.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0504%	8h	582.28	−0.028%	$53.0M	$165.6M	75x	as long as short
MEXC XMR_USDT	+0.0508%	8h	583.17	+0.125%	$20.9M	$15.3M	100x	as long as short
Gate XMR_USDT	+0.0544%	8h	583.18	+0.127%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0573%	8h	582.53	+0.015%	—	$5.7M	—	as long as short
Bitget XMRUSDTlong	+0.0597%	8h	582.44	long leg	$9.5M	$14.1M	50x
KuCoin XMRUSDTM	+0.0679%	8h	582.99	+0.094%	$47.9M	$26.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0685%	1h	582.76	+0.055%	$171K	$537K	20x	as long as short
Aster XMRUSDT	+0.0721%	8h	583.07	+0.108%	$657K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0778%	8h	584.75	+0.397%	$2.7M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0888%	8h	583.64	+0.206%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0928%	8h	586.80	+0.749%	$341K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0958%	1h	582.02	−0.071%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0989%	1h	583.75	+0.224%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	583.60	+0.199%	$269K	$1.1M	10x	as long as short
Hyperliquid XMR	+0.1020%	1h	582.73	+0.050%	$87.8M	$71.0M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1040% / S −0.1407%	1h	582.35	−0.016%	$649K	—	100x	as long as short
SoDEX XMR-USD	+0.1054%	1h	583.24	+0.137%	$443K	$3K	5x	as long as short
Variational Omni XMR	+0.1064%	8h	586.59	+0.712%	$6.7M	$2.4M	—	as long as short
Extended XMR-USD	+0.1072%	1h	583.14	+0.121%	$3.1M	$7.9M	25x	as long as short
Orderly PERP_XMR_USDC	+0.1112%	8h	583.13	+0.118%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2450%	1h	585.04	+0.446%	$1K	$45K	10x	as long as short