Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.145%

Price spread now: edgeX against Bitget−0.072%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 3 days (all we have)+0.467%+$47 · spread now −0.072%, 7d avg +0.015%

Together, before fees+0.200%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.087% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XMRUSDT	592.64	0.0440	pay 0.0440% / 8h	21m 07s	$9.7M	$14.5M	50x
Short	edgeX XMRUSDC	592.21	0.0100	get 0.0050% / 4h	21m 07s	$1.1M	$664K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$71.4
Price spread: −0.072% → +0.015%: −$8.69
Slippage, 4 orders: −$43.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$144.1
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 3 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, 2 min ago	3.63 bp	17.9 bp −$18	30.9 bp −$309	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	10.38 bp	14.9 bp −$15	15.7 bp −$157	doesn't fit	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	591.13	−0.254%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	592.75	+0.019%	$48.4M	$63.7M	75x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	592.21	−0.072%	$1.1M	$664K	10x
SunX XMR-USDT	+0.0100%	8h	591.83	−0.137%	$2K	$2.0M	20x	as long as short
Lighter XMR	+0.0128%	1h	592.12	−0.087%	$3.4M	$7.0M	10x	as long as short
Aevo XMR-PERP	+0.0160%	1h	591.54	−0.186%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0230%	1h	591.96	−0.115%	$201K	$577K	20x	as long as short
MEXC XMR_USDT	+0.0305%	8h	592.50	−0.024%	$22.0M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0310%	8h	592.56	−0.014%	$54.2M	$165.2M	75x	as long as short
BingX XMR-USDT	+0.0413%	8h	592.76	+0.020%	—	$5.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDTlong	+0.0440%	8h	592.64	long leg	$9.7M	$14.5M	50x
BloFin XMR-USDT	+0.0447%	8h	592.42	−0.037%	$2.8M	$11.6M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0465%	1h	591.15	−0.251%	$5.6M	$20.5M	50x	as long as short
Gate XMR_USDT	+0.0472%	8h	591.72	−0.155%	$1.6M	$4.6M	50x	as long as short
Variational Omni XMR	+0.0497%	8h	592.75	+0.019%	$6.8M	$2.6M	—	as long as short
KuCoin XMRUSDTM	+0.0551%	8h	591.97	−0.113%	$48.4M	$26.1M	50x	as long as short
Pacifica XMR	+0.0565%	1h	592.27	−0.062%	$278K	$1.1M	10x	as long as short
Aster XMRUSDT	+0.0577%	8h	592.02	−0.105%	$674K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0585%	8h	592.52	−0.020%	$348K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0750%	1h	592.44	−0.034%	$21K	$1.7M	5x	as long as short
Paradex XMR-USD-PERP	+0.0835%	8h	592.28	−0.061%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0853%	1h	592.51	−0.022%	$450K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0870% / S −0.2449%	1h	591.25	−0.234%	$549K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0950%	8h	592.41	−0.039%	$42K	$733K	10x	as long as short
Nado XMR-PERP	+0.1138%	1h	592.46	−0.030%	$1.3M	$477K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+0.695%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1662%	1h	592.87	+0.039%	$89.2M	$71.5M	5x	as long as short
Extended XMR-USD	+0.1800%	1h	592.42	−0.036%	$3.2M	$7.0M	25x	as long as short
HTX XMR-USDT	+0.1892%	8h	592.31	−0.056%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.2239%	1h	591.11	−0.258%	$107K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2287%	1h	593.22	+0.098%	$2K	$47K	10x	as long as short