Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0596%/8h= −65.3% APRpaid last 24h −0.305%

Price spread now: SunX against Extended−0.105%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.046%−$105 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.105%, 7d avg −0.066%

Together, before fees−0.975%+ Points / potential airdropExtended: Active · farm board−$98 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 SunX is 0.038% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XMR-USD	576.94	0.0696	pay 0.0087% / 1h	6m 19s	$3.0M	$8.2M	25x
Short	SunX XMR-USDT	576.34	0.0100	get 0.0100% / 8h	2h 06m	$2K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$125.16
Price spread: −0.105% → −0.066%: −$3.82
Slippage, 4 orders: −$62.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$204.94
Costs to cover: 0.760%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; SunX: live order book, 10 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 Extended live order book, 3 min ago	1.73 bp	4.5 bp −$4	10.0 bp −$100	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	13.42 bp	31.1 bp −$31	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 −0.0004%	1h	575.68	−0.219%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.972%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	579.47	+0.438%	$1.0M	$640K	10x	as long as short
SunX XMR-USDTshort	+0.0100%	8h	576.34	−0.105%	$2K	$1.8M	20x
HTX XMR-USDT	+0.0100%	8h	576.00	−0.164%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	574.64	−0.399%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0328%	8h	575.73	−0.210%	$45.3M	$26.3M	50x	as long as short
dYdX XMR-USD	+0.0421%	1h	574.96	−0.344%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0590%	8h	577.29	+0.060%	$9.6M	$13.1M	50x	as long as short
Binance XMRUSDT	+0.0638%	8h	576.69	−0.044%	$52.6M	$160.4M	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	+0.0639%	8h	576.96	+0.003%	$20.2M	$14.7M	100x	as long as short
BingX XMR-USDT	+0.0663%	8h	577.05	+0.018%	—	$5.6M	—	as long as short
Gate XMR_USDT	+0.0673%	8h	576.36	−0.101%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0679%	1h	576.82	−0.021%	$23K	$2.1M	5x	as long as short
Extended XMR-USDlong	+0.0696%	1h	576.94	long leg	$3.0M	$8.2M	25x
Bybit XMRUSDT	+0.0702%	8h	576.53	−0.072%	$46.9M	$64.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0743%	1h	576.01	−0.161%	$5.4M	$18.7M	50x	as long as short
Lighter XMR	+0.0776%	1h	575.93	−0.176%	$3.1M	$7.6M	10x	as long as short
Aster XMRUSDT	+0.0796%	8h	575.79	−0.200%	$640K	$2.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0875%	8h	576.55	−0.069%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	576.17	−0.133%	$267K	$1.0M	10x	as long as short
Hyperliquid XMR	+0.1036%	1h	576.97	+0.005%	$87.2M	$69.1M	5x	as long as short
GRVT XMR_USDT_Perp	+0.1039%	8h	580.27	+0.576%	$349K	$718K	10x	as long as short
BloFin XMR-USDT	+0.1055%	8h	576.90	−0.008%	$2.7M	$11.2M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1084% / S −0.1451%	1h	575.76	−0.205%	$596K	—	100x	as long as short
Variational Omni XMR	+0.1176%	8h	579.63	+0.466%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1198%	8h	576.56	−0.066%	$41K	$649K	10x	as long as short
Nado XMR-PERP	+0.1209%	1h	576.77	−0.030%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USD	+0.1305%	1h	577.12	+0.031%	$439K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1387%	1h	576.54	−0.070%	$175K	$534K	20x	as long as short
Aftermath Perps XMRUSD	+0.1994%	1h	576.93	−0.003%	$1K	$42K	10x	as long as short