Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0610%/8h= −66.8% APRpaid last 24h −0.234%

Price spread now: Bitget against dYdX+0.172%53s7-day average +0.204% · you sell dearer than you buy

Net, funding: paid 7d − costs−$505as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4204.196% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.856%−$86 on $10k

Price spread, last 4 days (all we have)+0.236%+$24 · spread now +0.172%, 7d avg +0.204%

Together, before fees−0.620%−$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bitget is 0.032% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.204%). Swap the legs. The two prices were read 53 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	dYdX XMR-USD	571.66	0.1132	pay 0.0142% / 1h	25m 54s	$104K	$44K	5x
Short	Bitget XMRUSDT	572.64	0.0522	get 0.0522% / 8h	3h 25m	$9.4M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$128.18
Price spread: +0.172% → +0.204%: −$3.15
Slippage, 4 orders: −$397.59
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$550.92
Costs to cover: 4.196%
Break-even: never at this rate

Slippage from dYdX: live order book, 28 min ago; Bitget: 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 dYdX live order book, 28 min ago	75.75 bp	91.9 bp −$92	93.1 bp −$931	147.8 bp −$14.8K	963.7 bp −$481.8K
Sell Bitget live order book, 3 min ago	3.23 bp	12.9 bp −$13	17.0 bp −$170	69.3 bp −$6,933	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 −0.0003%	1h	571.36	−0.053%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.906%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.33	+0.293%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.36	+0.123%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.14	+0.260%	$1.1M	$1.6M	20x	as long as short
Paradex XMR-USD-PERP	+0.0212%	8h	572.91	+0.219%	$8K	$4K	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.19	+0.269%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.62	−0.006%	$5.4M	$19.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0324%	8h	571.89	+0.041%	$44.9M	$26.4M	50x	as long as short
Gate XMR_USDT	+0.0497%	8h	572.19	+0.093%	$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
Bitget XMRUSDTshort	+0.0522%	8h	572.64	+0.172%	$9.4M	$13.5M	50x
Binance XMRUSDT	+0.0552%	8h	572.99	+0.233%	$52.3M	$163.5M	75x	as long as short
MEXC XMR_USDT	+0.0553%	8h	572.94	+0.225%	$19.8M	$14.7M	100x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.03	+0.240%	—	$5.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0570%	1h	572.36	+0.123%	$169K	$532K	20x	as long as short
Lighter XMR	+0.0576%	1h	572.76	+0.193%	$3.1M	$7.5M	10x	as long as short
Bybit XMRUSDT	+0.0619%	8h	572.85	+0.209%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0648%	1h	572.77	+0.195%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.74	+0.190%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0701%	8h	572.42	+0.134%	$634K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0746%	1h	572.56	+0.158%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0911%	8h	572.50	+0.148%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.58	+0.336%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1217%	1h	571.41	−0.043%	$595K	—	100x	as long as short
Nado XMR-PERP	+0.1071%	1h	572.45	+0.140%	$1.3M	$458K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1127%	8h	572.79	+0.198%	$40K	$735K	10x	as long as short
Variational Omni XMR	+0.1129%	8h	572.77	+0.195%	$6.3M	$2.3M	—	as long as short
dYdX XMR-USDlong	+0.1132%	1h	571.66	long leg	$104K	$44K	5x
Hyperliquid XMR	+0.1248%	1h	572.76	+0.193%	$86.3M	$71.4M	5x	as long as short
SoDEX XMR-USD	+0.1384%	1h	572.88	+0.214%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1938%	1h	572.71	+0.184%	$1K	$44K	10x	as long as short