Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0635%/8h= −69.5% APRpaid last 24h +0.315%

Price spread now: HTX against dYdX+0.231%7-day average −0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$322as in the Funding arb table

Net, price: spread back to 7d avg − costs−$430as in the Price arb table

costs, in and out, $10k−$4644.637% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.412%+$141 on $10k

Price spread, last 4 days (all we have)−0.727%−$73 · spread now +0.231%, 7d avg −0.107%

Together, before fees+0.685%+$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.338% dearer against dYdX than usual: you sell high and buy low (spread +0.231% now, against its 7-day average of −0.107%): +$34 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 43 hours. Mind the row above: over the last 7 days funding on this pair paid +1.412%, 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	dYdX XMR-USD	570.41	0.0735	pay 0.0092% / 1h	45m 03s	$103K	$44K	5x
Short	HTX XMR-USDT	571.73	0.0100	get 0.0100% / 8h	2h 45m	$1.1M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.231%Rate

Funding earned: −$133.38
Price spread: +0.231% → −0.107%: $33.82
Slippage, 4 orders: −$441.7
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$563.26
Costs to cover: 4.637%
Break-even: never at this rate

Slippage from dYdX: live order book, 4 min ago; HTX: live order book, 4 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, 4 min ago	85.26 bp	100.3 bp −$100	101.3 bp −$1,013	184.7 bp −$18.5K	880.2 bp −$440.1K
Sell HTX live order book, 4 min ago	17.78 bp	68.3 bp −$68	doesn't fit	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 −0.0003%	1h	570.00	−0.073%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.128%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	571.99	+0.276%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	570.52	+0.019%	$2K	$1.9M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	571.73	+0.231%	$1.1M	$1.6M	20x
Aevo XMR-PERP	+0.0232%	1h	571.37	+0.167%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0291%	8h	570.71	+0.052%	$44.8M	$26.5M	50x	as long as short
Bitget XMRUSDT	+0.0564%	8h	571.12	+0.124%	$9.4M	$13.5M	50x	as long as short
Gate XMR_USDT	+0.0595%	8h	570.91	+0.087%	$1.5M	$4.3M	50x	as long as short
Binance XMRUSDT	+0.0605%	8h	571.15	+0.129%	$52.3M	$163.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0606%	8h	571.15	+0.129%	$19.7M	$14.6M	100x	as long as short
BingX XMR-USDT	+0.0661%	8h	571.08	+0.117%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0704%	8h	571.00	+0.103%	$46.3M	$64.7M	75x	as long as short
dYdX XMR-USDlong	+0.0735%	1h	570.41	long leg	$103K	$44K	5x
Kraken Futures PF_XMRUSD	+0.0751%	1h	570.08	−0.058%	$5.4M	$19.1M	50x	as long as short
Aster XMRUSDT	+0.0754%	8h	571.09	+0.118%	$640K	$2.3M	75x	as long as short
Extended XMR-USD	+0.0784%	1h	570.92	+0.090%	$3.0M	$8.3M	25x	as long as short
Polymarket Perps XMR-USD	+0.0833%	1h	571.23	+0.143%	$28K	$2.2M	5x	as long as short
Paradex XMR-USD-PERP	+0.0857%	8h	571.30	+0.155%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	571.47	+0.185%	$265K	$1.0M	10x	as long as short
BloFin XMR-USDT	+0.0994%	8h	571.15	+0.129%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.1008%	8h	571.63	+0.214%	$330K	$728K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1034% / S −0.1354%	1h	569.84	−0.100%	$590K	—	100x	as long as short
Lighter XMR	+0.1144%	1h	571.03	+0.107%	$3.1M	$7.5M	10x	as long as short
Orderly PERP_XMR_USDC	+0.1186%	8h	570.91	+0.087%	$40K	$716K	10x	as long as short
Variational Omni XMR	+0.1188%	8h	571.45	+0.183%	$6.3M	$2.3M	—	as long as short
Hyperliquid XMR	+0.1244%	1h	571.09	+0.119%	$86.1M	$71.4M	5x	as long as short
Backpack XMR_USDC_PERP	+0.1460%	1h	570.55	+0.024%	$168K	$535K	20x	as long as short
SoDEX XMR-USD	+0.1463%	1h	571.16	+0.131%	$434K	$3K	5x	as long as short
Nado XMR-PERP	+0.1531%	1h	571.51	+0.193%	$1.3M	$458K	10x	as long as short
Aftermath Perps XMRUSD	+0.2084%	1h	571.37	+0.168%	$1K	$43K	10x	as long as short