Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2588%/8h= +283.4% APRpaid last 24h +0.380%

Price spread now: dYdX against edgeX−0.065%7-day average −0.207% · you buy dearer than you sell

Net, funding: paid 7d − costs−$339as in the Funding arb table

Net, price: spread back to 7d avg − costs−$437as in the Price arb table

costs, in and out, $10k−$4514.514% of the position

Long on edgeX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.124%+$112 on $10k

Price spread, last 3 days (all we have)−0.642%−$64 · spread now −0.065%, 7d avg −0.207%

Together, before fees+0.482%+ Points / potential airdropedgeX: Active · farm board+$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$78 a day on $10k at the current rate, and dYdX is 0.142% dearer against edgeX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.207%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.124% in total (about 58.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XMRUSDC	600.66	0.0100	pay 0.0050% / 4h	43m 26s	$1.1M	$667K	10x
Short	dYdX XMR-USD	600.27	0.2688	get 0.0336% / 1h	43m 26s	$109K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against edgeX. 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 edgeXbpFee dYdXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $543.53
Price spread: −0.065% → −0.207%: $14.2
Slippage, 4 orders: −$432.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: $106.34
Costs to cover: 4.514%
Break-even: 5.6 days

Slippage from edgeX: live order book, just now; dYdX: live order book, 35 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 edgeX live order book, just now	10.40 bp	14.9 bp −$15	15.6 bp −$156	doesn't fit	doesn't fit
Sell dYdX live order book, 35 min ago	56.23 bp	294.1 bp −$294	294.3 bp −$2,943	352.3 bp −$35.2K	1006.5 bp −$503.3K

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	599.80	−0.144%	$45K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	600.84	+0.029%	$3.4M	$6.9M	10x	as long as short
Bybit XMRUSDT	+0.0100%	8h	600.88	+0.036%	$49.2M	$62.9M	75x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	600.66	long leg	$1.1M	$667K	10x
SunX XMR-USDT	+0.0100%	8h	599.98	−0.114%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	600.17	−0.082%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0327%	8h	600.64	−0.004%	$55.0M	$164.1M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0327%	1h	600.86	+0.033%	$205K	$575K	20x	as long as short
MEXC XMR_USDT	+0.0328%	8h	600.65	−0.002%	$22.4M	$14.9M	100x	as long as short
BingX XMR-USDT	+0.0402%	8h	600.70	+0.006%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XMR	+0.0406%	8h	602.08	+0.236%	$6.9M	$2.6M	—	as long as short
Bitget XMRUSDT	+0.0432%	8h	600.72	+0.009%	$10.0M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0459%	1h	599.43	−0.206%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0463%	8h	600.53	−0.022%	$2.8M	$11.7M	75x	as long as short
Gate XMR_USDT	+0.0517%	8h	600.42	−0.040%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	601.26	+0.099%	$282K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0573%	8h	600.30	−0.060%	$49.0M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0588%	8h	600.67	+0.001%	$692K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0604%	8h	600.70	+0.007%	$352K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0726%	1h	600.95	+0.048%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USD	+0.0774%	1h	600.55	−0.019%	$456K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0866%	8h	601.04	+0.062%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2517%	1h	599.81	−0.142%	$570K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0943%	8h	600.30	−0.060%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1161%	1h	601.32	+0.110%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.650%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1670%	1h	601.33	+0.111%	$90.6M	$70.3M	5x	as long as short
Extended XMR-USD	+0.1784%	1h	600.50	−0.027%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1993%	8h	599.94	−0.120%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2338%	1h	600.72	+0.009%	$2K	$47K	10x	as long as short
dYdX XMR-USDshort	+0.2688%	1h	600.27	−0.065%	$109K	$50K	5x